Job Description
ESSENTIAL JOB FUNCTIONS (DUTIES/RESPONSIBILITIES)
The Asset Manager will have the following duties and responsibilities, including but not limited to:
- Prepare quarterly reports, valuations and risk ratings.
- Perform financial analysis of properties including operating statements, budget and variance review, loan administration and borrower support, workout and foreclosure analysis, lease analysis, appraisal and engineering report reviews, etc.
- Assess loan risk within the portfolio and make recommendations to senior management to mitigate the risk.
- Perform quarterly property level valuations in order to value the asset.
- Conduct market research to determine various factors impacting property level performance.
- Oversee borrower implementation of business plan(s) associated with a variety of real estate-related assets, including mezzanine and bridge loans, REO properties and preferred equity positions.
- Work closely with senior management in analyzing strategies for workouts, foreclosures, acquisitions and dispositions.
- Review and interpret legal documents, such as loan agreements, guarantees, and promissory notes, and coordinate with borrower and respective staff to ensure the loans remain in compliance.
- Monitor capital improvement projects to ensure timely completion within budgets.
- Additional loan servicing and reporting as needed
Salary: $120,000