Grandbridge Asset Analyst

Truist; Birmingham (AL); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Paid time off

Paid holidays

Job summary

Truist is seeking a Loan Administration Specialist to support commercial mortgage loans focusing on collateral and borrower requests. You will analyze operating statements, verify collateral condition, and help enforce loan documents.

The role requires a Bachelor’s degree, strong written and verbal communication, and comfort with loan accounting concepts and Adobe PDF/Microsoft Office. Occasional travel may be required as part of loan inspections.

Qualifications

• Bachelor’s degree or equivalent education and related training.
• Good written and verbal communication skills.
• Ability to efficiently and consistently produce accurate work.
• Basic understanding of loan accounting concepts, including interest accrual methodologies and amortization.
• Ability to read and comprehend most provisions of common commercial real estate loan documents.
• Proficient with Microsoft applications.
• Basic-level skills with Adobe Acrobat (PDF creation/manipulation).
• Ability to travel, occasionally overnight.

Responsibilities

• Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income-producing properties and sponsors, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements.
• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance. Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).
• Support the analysis, underwriting and recommendation of various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales/assumptions and consent to tenant leases.
• Analyze and process borrower requests for releases of funds from various reserve accounts, including but not limited to reserves for replacing capital items, reserves for leasing commissions and tenant improvements, and holdbacks for repairs or improvements.
• Analyze and support the processing of proceeds from insurance loss claims.
• Support the collection of delinquent loan payments, as well as the reporting of same.
• Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records, collateral-and borrower-related records, or other relevant records.
• Identify and report borrower breaches of loan document requirements and report to managers of the department.

Skills

Loan accounting concepts

Financial statement analysis

Property inspections

Communication skills

Time management

Education

Bachelor's degree or equivalent

Tools

Microsoft Office

Adobe Acrobat

Job description

Need Help?

If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:

Regular

Language Fluency:

English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Perform loan administration duties for commercial mortgage loans, on behalf of the lender, with a particular focus on the collateral (typically income-producing, real estate). Support the processing of borrower requests, as well as the general enforcement of loan documents.

Essential Duties And Responsibilities

• Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income-producing properties and sponsors, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements.


• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance. Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).


• Support the analysis, underwriting and recommendation of various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales/assumptions and consent to tenant leases.


• Analyze and process borrower requests for releases of funds from various reserve accounts, including but not limited to reserves for replacing capital items, reserves for leasing commissions and tenant improvements, and holdbacks for repairs or improvements.


• Analyze and support the processing of proceeds from insurance loss claims.


• Support the collection of delinquent loan payments, as well as the reporting of same.


• Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records, collateral-and borrower-related records, or other relevant records.


• Identify and report borrower breaches of loan document requirements and report to managers of the department.

Required Qualifications

• Bachelor’s degree or equivalent education and related training


• Good written and verbal communication skills


• Ability to efficiently and consistently produce accurate work


• Basic understanding of loan accounting concepts, including interest accrual methodologies and amortization


• Ability to read and comprehend most provisions of common commercial real estate loan documents


• Demonstrated proficiency of basic computer skills, such as Microsoft applications


• Basic-level skills with Adobe Acrobat (i.e., creation and manipulation of .PDF files)


• Ability to travel, occasionally overnight

Preferred Qualifications

• 3 years of experience with commercial real estate finance


• Working knowledge of the commercial lending programs of Life Insurance Co lenders, Fannie Mae, Freddie Mac and Commercial Mortgage Backed Securities (CMBS) conduits, including the roles and responsibilities of servicers


• Working familiarity with commercial property operating statements


• Basic knowledge of engineering, architectural and landscape maintenance concepts, as they relate in a practical manner to commercial structures


• Basic knowledge of the commercial building construction process, and construction lending


• Basic knowledge of real estate law concepts

Other Job Requirements / Working Conditions

• Sitting / Standing / Walking / Bending / Lifting


• Able to sit for extended periods of time and periodically move about during the work day.


• Visual / Audio / Speaking


• Able to access and interpret client information received from the computer and be able to hear and speak with individuals in person and on the phone


• Manual Dexterity / Keyboarding


• Able to work standard office equipment, including PC keyboard and mouse, copy/fax machines, and printers.


• Mental


• Able to focus, interpret information logically to solve problems, and answer customers’ questions appropriately.


• Availability


• Able to work all hours scheduled, including overtime as directed by manager/supervisor and required by business need.

Travel (Must select one)

• Up to 50%

Physical Conditions / Environment

• Normal office environment where there is little or no discomfort due to temperature, dust, noise, or other disagreeable elements.

Other

• Must be willing to travel by plane when necessary.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.


• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.


• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.


• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.


• As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law.

Truist is a Drug Free Workplace.

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