Loan Surveillance Analyst

Northmarq; Minneapolis (MN); On-site; USD 65,000 - 80,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401K match

Paid time off

Job summary

A leading capital markets firm in Minnesota is seeking a Loan Surveillance Analyst to join their servicing team. This role involves analyzing financial statements and managing loan surveillance tasks to ensure compliance and risk management. Ideal candidates have a Bachelor's degree and 1 to 3 years of relevant experience in finance or accounting. The position offers a competitive salary ranging from $65,000 to $80,000 annually, along with comprehensive benefits including medical and 401K matching. Immediate start available.

Qualifications

• 1 to 3 years of experience in finance or accounting.
• Background in commercial lending or servicing preferred.
• Ability to manage multiple assignments while meeting deadlines.

Responsibilities

• Provide premier customer service to lenders, borrowers, and servicing staff.
• Review and assess commercial property inspections for risk identification.
• Analyze financial statements for multifamily and commercial properties.
• Conduct loan surveillance through borrower/lender interaction.
• Monitor maturing loans and update monthly loan reports.

Skills

Microsoft Outlook

Excel

Word

Analytical skills

Risk analysis

Communication skills

Organizational skills

Problem-solving skills

Education

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

Job description

Overview

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 to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-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!

Northmarq is hiring a Loan Surveillance Analyst to join its Servicing team in its Bloomington office. This position requires a deadline-driven, service-focused, and detail-oriented individual responsible for financial statement and rent roll analysis, watchlist monitoring, reserve disbursements, loan surveillance tasks, and other detailed projects for the Portfolio & Asset Management team. Additional responsibilities may be added to align with department strategies and objectives.

This position offers a flexible work environment and is available for an immediate start.

Specific Responsibilities

• Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
• Plan and manage own workload to efficiently meet benchmarks within the department.
• Review and assess commercial property inspections to identify and analyze risk in accordance with the lender requirements.
• Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Life Insurance Company, Freddie Mac, Conduit Lenders and other investors.
• Review and analyze financial and compliance covenants.
• Follow up with borrowers and management companies regarding variances and general income and expense questions.
• Review and make recommendations for releases from reserves including replacement and TI/LC.
• Monitor maturing loans and provide the required notices to borrowers.
• Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
• Conduct loan surveillance through borrower/lender interaction and property analysis.
• Perform other reasonable tasks/projects as assigned within department.

What We're Looking For

• Education: Bachelor’s Degree, preferably in the finance, economics, real estate, or accounting area.
• Work Experience: 1 to 3 years of experience in finance or accounting. Background in commercial lending or servicing preferred.
• Strong skills in Microsoft Outlook, Excel, and Word
• Competent with commercial loan terminology
• Ability to identify and analyze risk
• Strong analytical and modeling skills
• Excellent verbal and written communication skills
• Providing premier timely service to all internal and external clients.
• 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
• Demonstrated work ethic and willingness to work extended hours when necessary
• Attention to detail and accuracy required
• Problem solving skills to reflect level of responsibilities
• Ability to maintain sensitive and confidential information

Benefits and Additional Information

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!

Minnesota Residents: Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary range for the Loan Surveillance Analyst position is $65,000.00 to $80,000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.

#LI-Onsite #LI-LA1

Equal Employment Opportunity

Northmarq is an equal opportunity employer. We do not discriminate on the basis of any protected status under applicable law. We may request voluntary self-identification for equal employment opportunity purposes, which is confidential and used solely for reporting requirements.