What are the responsibilities and job description for the AVP, Portfolio Management position at SitusAMC?
SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers. Whether you're a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.
At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local - come join our team!
Working alongside the Senior Asset Managers, this position will have day-to-day management of a diverse portfolio of loan and debt financings including construction / renovation loans, syndications, CMBS, secured and unsecured debt transactions, multi-currency, and project financings
Essential Job Functions :
- Day to day management of assigned loans, including communication with Borrowers and Lenders / Investors and Client.
- Analyzing and interpreting loan documents and providing advice and direction to the Asset Management Team and Loan Operations teams
- Monitoring reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future funding
- Reviewing disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loan administration
- Monitoring of construction loans including review of budgets, back-up documentation, title updates, and inspection reports. Periodic travel to inspect construction projects.
- Performing monthly waterfall calculations including the monitoring of income, operating budgets and leasing status
- Coordinate new portfolio and new loan servicing including collection of all necessary loan documents, obtaining contact information for all relevant parties and ensuring accurate boarding in the loan servicing system.
- Reconcile and review various reports including billing statements, release statements, payoff statements and remittance reports as required to ensure Hanover's high standards are achieved in terms of quality, accuracy and completeness.
- Update and monitor loan specific information in the loan servicing system
- Flexibility in schedule with respect to meeting time sensitive client needs
- Ability to work independently on projects and collaborate 'face to face' as a team player.
- Handle the collection and remittance of payments
- Verification and payment of taxes and insurance
- Calculating property / unit release prices and monitoring releases
- Portfolio reporting
- Coordination with asset managers and borrowers
- Such other activities as may be assigned by your manager
Qualifications / Requirements :
Note : This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
The annual full time base salary range for this role is
85,000.00 - $110,000.00
Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
Pay Transparency Nondiscrimination Provision
SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Know Your Rights, Workplace Discrimination is Illegal
SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
Salary : $85,000 - $110,000
