Asset Management Analyst Ii - Commercial Real Estate Finance

Asset Management Analyst II - Commercial Real Estate Finance

Northmarq – Dallas, TX

NORTHMARQ - WHERE THE BEST COME TO THRIVE

Northmarq is entering a new era, and a landmark career opportunity is waiting for you. Northmarq is independent, and fiercely so, with the freedom to do things the right way. To hire the very best. To give them the resources to thrive. We do it because that’s what we believe. Northmarq is not held back by principles, we’re propelled by them. We and our clients are growing fast because we’re providing something rare and valuable: easy access to the industry’s best talent, an agile and collaborative style, and vast resources to execute flawless deals for our clients and partners. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate.

Northmarq is looking for an individual to join its Servicing department as an Asset Management Analyst II at our Dallas, TX office. This position requires a deadline driven, service focused, and detail-oriented individual who will be responsible for underwriting borrower consent requests, calculating/coordinating loan payoffs, new loan audits, financial statement and rent roll analysis, watchlist monitoring, reserve disbursement requests, processing insurance losses, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added to align with department strategies and objectives.

Position Responsibilities:

• Follow up with borrowers regarding variances and general income and expense questions.
• Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.
• Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
• Serve on procedure committees updating policies for the Portfolio & Asset Management division.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Provide premier customer service to lenders, borrowers, other servicing staff and regional offices.
• Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
• Process Insurance loss requests, manage proceeds, and monitor the restoration of the property.
• Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
• Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection.
• Review and make recommendations for releases from reserves including capital expenditure, repair, TI/LC, debt service reserve, rental achievement, and insurance loss.
• Review property repair verification inspections conducted by third party vendors and regional offices.
• Introduction to training and mentoring across team on areas of expertise including loan events, various processes, and general commercial real estate knowledge.
• Monitor post-closing repairs to ensure they are completed timely and in a good workmanlike manner.
• Perform other reasonable tasks/projects as assigned within department.
• Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
• Perform financial covenant testing calculations including NOI, DSCR, debt yield, etc.
• Manage a portfolio of Agency and/or CMBS loans with varying requirements and regulations.
• Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.

What We're Looking For:

• Problem solving skills to reflect level of responsibilities
• Strong analytical and modeling skills
• Attention to detail and accuracy required
• Excellent verbal and written communication skills
• Bachelor’s Degree, preferably in the finance, real estate, or accounting area.
• Familiar with commercial real estate finance and commercial loan terminology
• Strong skills in Microsoft Outlook, Excel, and Word
• 2-5 years of experience in finance or accounting. Background in commercial lending or asset management preferred.
• Ability to maintain sensitive and confidential information
• Ability to work both independently and within a team, with minimal supervision
• Passionate about customer service, providing exceptional service to all our internal and external clients.
• Strong organizational and prioritization skills, with ability to manage multiple assignments while meeting deadlines

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!