Greystone

Asset Manager - Surveillance

Greystone$75K — $95K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Real Estate, Accounting, or Economics.
  • 2-3 years of experience in multifamily real estate analysis and asset management.
  • Experience with Fannie Mae and/or Freddie Mac loans is preferred.
  • Strong understanding of multifamily market trends and risk identification.
  • Proficient in Microsoft Office, particularly Excel and Word.
  • Good organizational and communication skills.

Responsibilities

  • Monitor the risk profile of multifamily loan portfolios.
  • Act as a liaison for all communications with internal and external customers.
  • Ensure borrower compliance with loan covenants and manage related requirements.
  • Identify and create solutions for emerging risks and defaults with partners.
  • Conduct financial statement analysis and solicit property operating statements.
  • Prepare action plans and recommendations for senior management review.
  • Review site inspections for asset maintenance compliance.

Benefits

  • Opportunities for professional development and growth.
  • Collaborative team environment.
  • Flexible work arrangements may be available.
  • Health and wellness programs.
  • Retirement savings plan with company match.
Full Job Description
We are seeking an Asset Manager to join our Fannie Mae/Freddie Mac Asset Management team. This role will be responsible for monitoring the risk of multifamily loans and working closely with borrowers and property management agents to identify and create solutions for emerging risks. The successful candidate is self-motivated, detail-oriented, and has a strong knowledge of real estate markets with an emphasis on multifamily assets. Primary Duties and 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. Experience, Skills, and Abilities Required: • Bachelor's degree in Finance, Real Estate, Accounting, Economics, and/or a minimum of 2-3 years of experience in multifamily real estate with an 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. • Exhibit self-motivation whether working independently or as part of a team. • A strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.

About Greystone

Greystone is a real estate lending, investment, and advisory company. The company was founded in 1988 and has since grown to have over 500 employees. Greystone provides a range of services including lending, investment, and advisory services for real estate projects. The company has a focus on affordable housing and has been involved in the financing of over 200,000 affordable housing units. Greystone has offices in New York, Los Angeles, and other locations throughout the United States.
Learn more about Greystone
Size
500 employees
Industry
Founded
1988

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