Greystone

Asset Manager - Surveillance

Greystone • $70K — $95K *
Memphis, TN 38109In-Person
Real Estate & Construction
Less than 5 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Real Estate, Accounting, Economics, or related field.
  • 2-3 years experience in multifamily real estate concentrated on risk/financial analysis and asset management.
  • Experience with Fannie Mae or Freddie Mac multifamily loans is advantageous.
  • Understanding of loan documentation and real estate fundamentals.
  • Familiarity with third-party property reports such as Assessments and Appraisals.
  • Proficient in Microsoft Office, especially Word and Excel.
  • Strong communication skills, both verbal and electronic.

Responsibilities

  • Monitor risk profiles of multifamily loan portfolios.
  • Manage communications between internal and external stakeholders.
  • Ensure borrower compliance with loan documents.
  • Identify solutions to performance and credit issues in collaboration with stakeholders.
  • Analyze property operating statements and financial statements.
  • Prepare presentations on troubled assets for management.
  • Conduct property site inspections to verify maintenance practices.

Benefits

  • Comprehensive health insurance coverage.
  • 401(k) plan with company match.
  • Generous paid time off policy.
  • Professional development opportunities.
  • Flexible working hours.
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
Real Estate & Construction
Founded
1988
* Ladders Estimates

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