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Asset Manager Dallas, Texas, United States

Northmarq Capital LLC

Mississippi

On-site

USD 60,000 - 80,000

Full time

16 days ago

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Job summary

Northmarq is seeking a motivated individual to join their team in Mississippi. The role focuses on commercial mortgage risk management, underwriting, and providing excellent customer service. Ideal candidates will possess a Bachelor’s degree and relevant experience in finance or accounting, along with strong analytical and communication skills. Join a company recognized as one of the best places to work in commercial real estate and enjoy a competitive benefits package.

Benefits

Medical, dental, and vision insurance
Paid time off
401K match
Discretionary contribution based on performance
Paid parental leave and adoption assistance
Education assistance
Volunteer paid time off
Charitable contribution match

Qualifications

  • 4-6 years of experience in finance or accounting.
  • Background in commercial lending or asset management preferred.
  • Strong knowledge of commercial real estate finance terminology.

Responsibilities

  • Underwrite borrower consent requests and provide customer service.
  • Analyze annual and quarterly financial statements for properties.
  • Train and mentor team members on underwriting and risk management.

Skills

Attention to detail
Problem solving
Analytical skills
Communication
Organizational skills

Education

Bachelor’s Degree in finance, real estate, or accounting

Tools

Microsoft Excel
Microsoft Outlook
Microsoft Word

Job description

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access toexperts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path withbest-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started.Your new career is waiting. Start something special today.Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!

This position requires a deadline driven, service focused, and detail-oriented individual who will be responsible for underwriting borrower consent requests, mentoring and training others within the department, calculating/coordinating loan payoffs, new loan audits, financial statement and rent roll analysis, watchlist monitoring, reserve disbursement requests, processing insurance losses, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added to align with department strategies and objectives.

Responsibilities:

  • Provide premier customer service to lenders, borrowers, and other servicing staff and regional offices.
  • Manage a portfolio of Agency and/or CMBS loans with varying requirements and regulations.
  • Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.
  • Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
  • Provide training and mentoring across the team on areas of expertise including risk management, underwriting and general CRE knowledge.
  • Assist team members on advanced or complicated consent requests.
  • Calculate and coordinate loan payoff requests, including yield maintenance calculations.
  • Assist Manager(s) with monitoring team tasks, reviewing write-ups/recommendations, quality control, and lender feedback.
  • Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
  • Follow up with borrowers regarding variances and general income and expense questions.
  • Review property repair verification inspections conducted by third party vendors and regional offices.
  • Follow up with borrowers to resolve any post-closing deferred maintenance items or other high-risk items identified during the annual inspection.
  • Process insurance loss requests, manage proceeds, and monitor the restoration of the property.
  • Review and make recommendations for releases from reserves including capital expenditure, repair, debt service reserve, rental achievement, TI/LC, and insurance loss.
  • Monitor and update monthly loan reports utilized by lenders and management to analyze portfolio risk.
  • Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
  • Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
  • Minimal business travel for lender visits, industry/company conferences, etc. (1-3 times per year).
  • Serve on procedure committees updating policies for the Portfolio & Asset Management Department.
  • May participate in department strategic initiatives.
  • Perform other reasonable tasks/projects as assigned within department.
Qualifications:
  • Bachelor’s Degree, preferably in the finance, real estate, or accounting area.
  • 4-6 years of experience in finance or accounting. Background in commercial lending or asset management preferred.
  • Strong skills in Microsoft Outlook, Excel, and Word
  • Strong knowledge of commercial real estate finance and commercial loan terminology
  • Demonstrate strong analytical, asset management and underwriting skills.
  • Demonstrated leadership and training abilities
  • Excellent verbal and written communication skills
  • Strong organizational and prioritization skills, with ability to manage multiple assignments while meeting deadlines
  • Ability to work both independently and within a team, with minimal supervision
  • Attention to detail and accuracy required
  • Problem solving skills to reflect level of responsibilities
  • Ability to maintain sensitive and confidential information

#LI-ES1

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!

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