Asset Manager

BEREC Bellwether Enterprise Real Estate Capital, LLC; Cleveland (OH); On-site; USD 70,000 - 110,000; Full time

Job summary

BEREC Bellwether Enterprise Real Estate Capital, LLC is seeking an Asset Manager to preserve the value of its multifamily collateral by overseeing mortgage loan portfolios. You will work with borrowers, lenders, and government agencies to ensure timely reporting and compliance.

The role requires 3+ years in real estate asset/portfolio management or mortgage servicing, plus a business degree. Strong analytical and communication skills are essential in a fast-paced, collaborative environment.

Qualifications

• Minimum 3 years of relevant experience in real estate asset / portfolio management, finance, or mortgage servicing.
• Undergraduate business degree in accounting, banking, finance, real estate, or relatable field is required.
• Commercial real estate background desirable.
• Ability to manage multiple assignments, meet tight deadlines, coordinate, and communicate effectively and cultivate relationships with both borrowers and lenders.
• Good analytical, oral, and written communication and presentation skills.
• Ability to work effectively in a diverse environment.
• Ability to respond in a timely manner to both borrower and lender requests.
• Good oral and written communication skills.
• Creative and flexible approach to problem solving and organizational challenges.

Responsibilities

• Monitor and track receipt of quarterly/annual financial statements.
• Confirm all documentation is filed appropriately and systems are updated.
• Manage inspection ordering and review process per lender guidelines.
• Analyze and report on financial performance for an assigned portfolio of Loans.
• Ensure all documentation is saved in each Property’s Servicing File and reports are submitted timely.
• Perform ongoing asset management and surveillance activities to identify risks.
• Coordinate ad hoc borrower communications/requests.
• Coordinate data quality control with the asset manager’s portfolio.
• Coordinate financial and inspection submissions for the portfolio.
• Collaborate with Loan Operations on monthly/quarterly/annual certifications.
• Assist with systems development and process improvement.

Skills

Asset management

Portfolio management

Financial analysis

Communication skills

Education

Bachelor's degree in business/finance

Job description

Summary:

The Asset Manager works with all Asset Management team members as well as borrowers, lenders, local, state and federal government agencies to preserve the value of the multifamily housing by collateralizing those Mortgage Loans

Major Responsibilities:

• Monitor and track receipt of quarterly/annual financial statements.
• Confirm all documentation is filed appropriately and systems are updated.
• Manage inspection ordering and review process per lender guidelines.
• Analyze and report on financial performance for an assigned portfolio of Loans.
• Ensure (i) all documentation is saved in each Property’s Servicing File, and (ii) all financial reviews, inspections and other reporting documents are submitted on a timely basis.
• Perform ongoing asset management and surveillance activities to identify, monitor, rate and mitigate the financial, credit, operational, physical, ownership and market risks impacting the properties collateralizing the portfolio, as assigned.
• Coordinate ad hoc Borrower communications/requests.
• Coordinate data quality control with the Asset Manager’s portfolio.
• Coordinate financial and inspection submissions for the Asset Manager’s portfolio.
• Coordinate with Loan Operations team on completion, review and submission of monthly/quarterly/annual Lender Certifications.
• Assist with systems development and process improvement efforts.

Minimum Requirements:

• Minimum 3 years of relevant experience in real estate asset / portfolio management, finance, or mortgage servicing
• Undergraduate business degree in general accounting, banking, finance, real estate, or relatable field is required.
• Commercial real estate background desirable.
• Ability to manage multiple assignments, meet tight deadlines, coordinate, and communicate effectively and cultivate new and existing relationships with both borrowers and lenders.
• Good analytical, oral, and written communication and presentation skills.
• Ability to work effectively in a diverse environment.
• Ability to respond in a timely manner to both borrower and lender requests.
• Good oral and written communication skills.
• Creative and flexible approach to problem solving and organizational challenges.

We encourage you to explore the career opportunities we have available here at BWE! Please note, BWE will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis. BWE is a national, full-service commercial and multifamily mortgage banking company that puts people and communities first. Our people are our greatest assets and create the work environment that makes BWE a place of growth, productivity, and ingenuity.