Grandbridge Asset Analyst

Truist; Birmingham (AL); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) plan

Vacation days

Sick days

Paid holidays

Job summary

Truist in Birmingham, AL seeks a Loan Administration Specialist to support commercial mortgage loan servicing with emphasis on collateral and enforce loan documents. You will process borrower requests and assist in maintaining accurate loan records.

The role requires a bachelor’s degree, strong written and verbal communication skills, and the ability to travel for occasional site visits. On-site 1st shift position with full benefits.

Qualifications

• Bachelor’s degree or equivalent education and related training.
• Strong 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.
• Ability to travel, occasionally overnight.

Responsibilities

• Accurately and efficiently produce required analyses of operating statements for commercial income-producing properties and sponsors.
• Perform (or review third-party) property inspections to verify collateral maintenance and report lif... safety issues and other deferred maintenance items.
• Support the analysis, underwriting and recommendation of borrower requests (modifications, releases, prepayment, extensions, etc.).
• Analyze and process borrower requests for releases of funds from reserve accounts.
• Analyze and support the processing of proceeds from insurance loss claims.
• Support the collection of delinquent loan payments and reporting.
• Assist in maintenance of the loan servicing system database with loan accounting records and related data.
• Identify and report borrower breaches of loan document requirements.

Skills

Written communication

Verbal communication

Travel flexibility

Basic computer skills

Reading loan documents

Loan accounting concepts

Education

Bachelor’s degree or equivalent education

Tools

Microsoft Office

Adobe Acrobat

Job description

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

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• 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.

Qualifications

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. For more details on Truist’s generous benefit plans, please visit our Benefits site. 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.

Equal Opportunity Employment

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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