What are the responsibilities and job description for the Senior Asset Manager position at Walker & Dunlop?
We are Walker & Dunlop. We are one of the largest providers of capital to the commercial real estate industry, enabling real estate owners and operators to bring their visions of communities — where people live, work, shop, and play — to life. We are committed to creating meaningful social, environmental, and economic change in our communities. We believe seeking diverse talent and promoting the inclusion of all perspectives are more than moral imperatives – they are critical to our success and ability to innovate and grow.
Department Overview
Our Servicing experts service all Fannie Mae, Freddie Mac, and FHA Finance loans originated by Walker & Dunlop as well as certain life insurance company, bank, and CMBS loans. Our Servicing experts are the borrower's primary point of contact and ensure that the requirements of the investors are met from loan closing through payoff. The Department consists of six main functional areas : Loan Administration, Asset Management, Insurance Compliance, Investor Reporting, Treasury, and Compliance. W&D's Servicing portfolio is the 8th largest in the U.S., and W&D is one of Fitch's highest-rated Servicers, with a rating of CPS1-.
The Impact You Will Have
This senior-level position is a key member of the Asset Management team, responsible for the management of an assigned portfolio of assets, overseeing performance and devising recommendations to Company management on each asset as needed. Support team in special projects, change management, initiatives, and serve as a resource for junior team members and internal clients outside the department.
Primary Responsibilities
- Manage and complete internal property inspections for multifamily and commercial properties.
- Coordinate and review annual property inspections with third-party inspection vendors, including recommendations based on results; follow up with borrowers, develop course of action, enlist senior management buy-in on action plan.
- Conduct and review quarterly and annual financial analysis for multifamily and commercial loans in the portfolio (e.g., collect financial data, analyze financial statements, summarize and present findings, identify and quantify risk, along with proposed adjustments / solutions).
- Monitor completion and other special escrows and prepare recommendations for disbursements.
- Review, revise and monitor related loan obligations / compliance for Letters of Credit.
- Prepare and finalize Narratives for partnership interest transfers and loan assumptions.
- Process and provide recommendations for management changes.
- Recommend and approve partial release, condemnation, and easement requests.
- Communicate with clients to determine appropriate loan arrangements.
- Oversee and manage Credit Facilities for compliance, performance and process release, additions, substitutions, and borrow-up transactions.
- Manage assets on the internal watch list (e.g., maintain communication channels with borrower, develop quarterly action plans, present status, and recommendations to senior management).
- Monitor portfolio delinquency and major property deferred maintenance issues, and make recommendations to senior management.
- Review and document sponsor plans and develop strategies for upcoming loan maturities.
- Oversee department market research, property segment and portfolio reports.
- Assist in the automation of the Asset Management Department data as necessary.
- Handle additional projects as assigned.
- Perform other duties as assigned.
Attendance is generally 8 : 30 am – 5 : 30 pm EST Monday through Friday with the ability to work up to 2 of those days remotely.
Education and Experience
Bachelor's degree in Finance, Economics, Accounting, or related field.
6-10 years of experience in Asset Management required.
Ability to travel independently / operate a motor vehicle for property inspections.
Knowledge, Skills and Abilities
The team is open to hiring at the Asset Manager or Sr. Asset Manager level. These positions have estimated base salaries of $75,000 - $100,000 plus discretionary bonus, depending on the leveling of the position. An employment offer is based on the applicant's relevant work experience, applicable knowledge, skills, abilities, internal equity, and alignment with market data.
What We Offer
The opportunity to join one of Fortune Magazine's Great Places to Work winners from 2015-2023.
Comprehensive benefit options
Commitment to diversity, equity, and inclusion, with employee resource groups organizing activities and providing a space for open communication.
Empowerment and encouragement to give back – volunteer hours and donation matching.
EEO Statement
We are committed to equity in all steps of the recruitment and employment experience. We believe in equal access to opportunities in our workplace. We do not tolerate discrimination, including harassment, based on any characteristic protected by applicable law, such as race, color, national origin, religion, gender identity, sexual orientation, sex, age, disability, veteran or military status, and genetic information. We strive to be a safe place to ask questions, build professional relationships, and develop careers.
SPAM
Please be wary of recruitment scams. An indication of a scam might be a request for sensitive or bank information at the time of application or emails coming from a non walkerdunlop.com email address. Please call us at 301.215.5500, if you have any concerns about information requested during or after the application process.
Background checks, including any questions related to infractions, arrests, or conviction records, will not be conducted until after a conditional offer of employment has been accepted. We will consider for employment qualified applicants regardless of arrest and conviction records, in accordance with federal, state, and local laws.
About Us
Our experience is the combination of everything that's unique about our culture, our core values, our company meetings, our commitment to success, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hardworking, curious, trustworthy, humble and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in our area.
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Salary : $75,000 - $100,000
