Grandbridge Asset Analyst

Crump Life Insurance Svcs Inc; Birmingham (AL); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision benefits

401k plan

Paid vacation and sick time

Job summary

Truist Financial Corporation seeks a Loan Administrator to support commercial mortgage loan operations in the United States. You will focus on collateral and borrower request analysis, including reviewing operating statements and coordinating with lenders to ensure compliance with loan documents.

The role requires strong written and verbal communication, basic loan accounting knowledge, and proficiency with Microsoft Office and Adobe Acrobat.

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.]
• job_responsibilities_description:[
• Analyze operating statements for income-producing properties and sponsors.
• Perform property inspections to verify collateral maintenance and life safety issues.
• Prepare and transmit reports to the lender in a timely fashion.
• Support analysis, underwriting and recommendation of borrower requests (modifications, releases, etc.).
• Analyze and process releases of funds from reserve accounts.
• Analyze and support the processing of insurance loss claims.
• Support the collection of delinquent loan payments.
• Assist in maintenance of loan servicing system records.
• Identify and report borrower breaches of loan documents.

Responsibilities

• Analyse operating statements and related financials for income-producing properties; identify variances and normalize data as needed.
• Conduct property inspections to verify collateral maintenance and life-safety issues.
• Prepare and transmit lender reports on deadlines.
• Assist in evaluating borrower requests including modifications, releases, prepayments, maturities, leases.
• Process reserve releases and insurance claim proceeds.
• Support collection of delinquent payments and loan accounting records.
• Maintain loan servicing database accuracy.
• Flag breaches of loan documents to management.

Skills

Written communication

Verbal communication

Loan accounting basics

MS Office

Adobe Acrobat

Travel ability

Education

Bachelor's degree or equivalent education

Tools

Microsoft applications

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

Qualifications: The requirements listed below are representative of the knowledge, skill and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 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.

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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About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.