Our client is a leading national financial services firm specializing in real estate financing and investment solutions for clients nationwide. The Asset Manager will join our client’s Asset Management team to monitor the risk of multifamily loans and work closely with borrowers and property management agents to identify and create solutions for emerging risks. This is a Full-time, Direct Hire opportunity based in Warrenton, VA, with a salary range of $85,000 to $110,000.
Responsibilities
- Monitor the risk profile of a portfolio of performing and watchlist-rated multifamily loans
- Serve as the responsible party for all related deliverables or communications between internal and external customers
- Monitor borrower compliance with loan documents to ensure loan covenant compliance requirements are managed effectively
- Work with borrowers, property management agents, and external and internal parties to identify and create solutions to credit weakness, emerging risks, performance defaults, and monetary defaults
- Solicit property operating statements and perform financial statement analysis
- Prepare action plans and/or recommendations on troubled assets for presentation to senior management and investors
- Perform and/or review property site inspections to ensure appropriate maintenance practices by borrowers (as required)
- Prepare risk rating recommendations and transfer recommendations for assets within the assigned portfolio
- Assist with routine borrower consent requests within the assigned portfolio (as required)
- Other responsibilities and duties as assigned
Qualifications
- Bachelor’s degree in Finance, Real Estate, Accounting, Economics, or a minimum of 2-3 years of experience in multifamily real estate with emphasis on risk/financial analysis, valuations, relationship management, workouts, capital markets, or asset management
- Experience working with Fannie Mae and/or Freddie Mac multifamily loans is a plus
- Understanding of loan documentation and real estate on a business level
- Firm understanding of the multifamily market to identify softening and deterioration across an assigned portfolio
- Familiarity with third-party reports such as Physical Condition Assessments, Appraisals, and Broker Opinions of Value
- Proficiency in Microsoft Office products including Word and Excel
- Familiarity with Microsoft Dynamics is a plus
- Good organizational skills
- Strong verbal and electronic communication skills
- Self-motivated and able to work independently or as part of a team
- Strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals
What the client offers
- Hybrid work arrangement with 2 days in the office and 3 days remote
- Medical Insurance
- Fertility and Family Building Insurance
- Vision and Dental Insurance
- Health Savings Account
- Tuition Assistance
- Leadership Development Programs
- 401k Match Program
- Life, AD&D, Long and short-tern disability benefits
- PTO
- 10 Company Holidays
- Paid Parental Leave Program
- Employee Assistance Program
Our Equal Employment Opportunity Policy: Employment Enterprises, Inc. is an equal employment opportunity employer. We recruit, employ, assign, train, compensate and promote without regard to race, color, sex, age, disability, religion, national origin, marital status, sexual orientation, ancestry, U.S. Veteran status, or any other protected category under applicable law.
Employment Enterprises, Inc. is the parent company of Temporary Solutions, Inc. Temporary Solutions is a workforce solutions company based out of 10550 Linden Lake Plaza, Suite 200, Manassas, VA 20109. You can reach our recruiters about this job and more at 703-361-2220 or email recruiters@eeihr.com.
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