Senior Asset Manager, CRE Loan Servicing & Analysis

Truist; Leawood (KS); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Benefits package

Vacation and sick days

Job summary

Truist is seeking an experienced loan administrator to oversee and support commercial mortgage loan servicing, focusing on collateral and related borrower requests. The role requires analyzing operating statements, conducting property inspections, and ensuring compliance with lender policies.

You will supervise Asset Analysts, mentor staff, and coordinate with borrowers, property managers, and insurers. A Bachelor's degree and at least five years in CRE finance are required, with strong

Qualifications

• Bachelor's degree or equivalent education and related training.
• Five years of experience with commercial real estate, with at least three years in finance.
• Good written and verbal communication skills.
• Ability to travel, occasionally overnight.
• Efficiently and consistently produce accurate work.
• Strong knowledge of loan accounting concepts, including interest accrual methodologies and amortization.
• Ability to read and comprehend most provisions of common commercial real estate loan documents.
• Ability to efficiently compose accurate and effective reports and written recommendations to lenders.
• Intermediate-level skills with Microsoft Excel and Microsoft Word.
• Basic-level skills with Adobe Acrobat (i.e. creation and manipulation of .PDF files)

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. Review, correct and approve operating statement analyses.
• 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). Review, correct and approve the property inspection reports.
• Analyze, underwrite and make formal recommendations regarding various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales/assumptions and consent to tenant leases. Review and correct related work product. Approve the release of funds in accordance with the dollar limits set forth in the company's policies and procedures.
• 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. Review and correct related work products. Approve the release of funds in accordance with the dollar limits set forth in the company's policies and procedures.
• Analyze and support the processing of proceeds from complex insurance loss claims. Prepare recommendations for disposition of insurance proceeds, in accordance with loan documentation and lender/investor requirements, and review and edit such recommendations. Approve actual disposition of insurance proceeds, within the dollar limits published by the head of the department, or as otherwise set out in the company policies and procedures.
• Interface with Property Managers, Borrowers, or other paying agents in the collection of delinquent loan payments, as well as the reporting of same. Prepare formal demand letters and notices of default for review by lender or management. Direct appropriate departments in the (internal) accounting for suspense and unapplied funds. Report delinquencies to the appropriate investor/lender.
• Assist in the accurate and timely maintenance of the company's loan servicing system database regarding the loan accounting records, collateral-related and borrower-related records, or other relevant records. Review and approve the related work of members of the department.
• Identify and report borrower breaches of loan document requirements. Confirm suspected findings. Mentor and train members of the department in the interpretation of loan covenants.
• Analyze asset performance and make recommendations to management in the loan risk grading process, and the "watch list" maintenance process. Participate in presenting new grade recommendations to management.
• Supervise and train Asset Analysts in the performance of their respective duties.
• Assist management in the implementation of process improvement measures.
• Assist management in ensuring regulatory and contractual compliance within the department.

Skills

Communication skills

Travel flexibility

Attention to detail

Ability to produce accurate work

Education

Bachelor's degree or equivalent

Tools

Microsoft Excel

Microsoft Word

Adobe Acrobat

Job description

Truist is seeking an experienced loan administrator to oversee and support commercial mortgage loan servicing, focusing on collateral and related borrower requests. The role requires analyzing operating statements, conducting property inspections, and ensuring compliance with lender policies.

You will supervise Asset Analysts, mentor staff, and coordinate with borrowers, property managers, and insurers. A Bachelor's degree and at least five years in CRE finance are required, with strong