Summary/Objective:
The Senior Asset Manager – Special Assets must demonstrate attention to detail, organization, analytical orientation, risk mitigation, and possess the initiative to work in an independent and reliable manner. In this important role, the Senior Asset Manager - Special Assets will provide exceptional service to our clients, both internal and external, and proactively mitigate risks for a portfolio of multifamily and senior housing loans. The Senior Asset Manager – Special Assets will possess the ability to identify existing and emerging risks from both a financial and physical condition perspective and make risk mitigating recommendations to management.
Essential Functions:
- Review annual and quarterly financial statement analyses for multifamily and senior housing properties identifying individual property and portfolio level trends
- Perform property inspections nationwide (requires about 25% travel), complete inspection reports, and make risk mitigating recommendations to reduce financial, operational, and reputational risks for the lenders
- Analyze trouble assets, including non-performing and distressed properties to determine appropriate next steps
- Manage a portfolio of high-risk loans, monitoring performance and implementing risk mitigation strategies
- Regularly review risk ratings on properties using both an internal matrix and various agency guidelines
- Consistently review and analyze portfolio level data to identify emerging risks both at the individual deal level as well as portfolio level
- Recommend transition to and from Special Assets when it is apparent that a property has materially declined or improved
- Review and approve replacement reserve disbursement requests based on property condition and future capital needs
- Review and approve releases from other escrows including repairs, insurance loss, rental achievement, etc.,
- Understand and assist in the review of special requests such as transfers, easements, partial releases, management changes, insurance losses, etc. on high-risk loans
- Prepare analyses and reports as required by Fannie Mae, Freddie Mac, and JLL for Special Assets
- Identify and evaluate troubled markets and sub-markets and communicate findings to internal and external stakeholders
- Identify and evaluate trends in actual property operations compared to underwritten property operations
- Use technology and other available tools to identify potential mortgage fraud
- Attend industry conferences and calls to stay apprised of new developments
- Assist in developing and writing internal policies and procedures, as required
- Other duties as deemed necessary
Qualifications Required:
- Strong analytical and financial modeling skills
- Knowledge of real estate markets, valuation methodologies, and loan structures
- Strong Microsoft Excel and Word proficiency
- Strong math, verbal, writing, and organizational skills
- Strong time management skills and ability to operate under demanding deadlines
- Ability to multitask and work on several transactions simultaneously
- Ability to recognize and mitigate risk
- Excellent attention to detail
- Ability to work independently and in teams
- Ability to travel as needed
Education:
Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business)
Experience:
Four years experience in multifamily and/or commercial real estate finance or property management.
Physical Demands:
Must be able to physically inspect multiple residences and common areas at multiple apartment complexes, as well as inspect comparable properties within the market. Employee must be able to physically move about the apartment complexes, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend.
Position requires travel up to 25% of time. Travel shall include various modes of travel (including but not limited to planes, trains and automobiles) to different time zones and requires overnight lodging.
Expectation for All Employees:
All employees are expected to support the organization's mission, vision, and values by exhibiting the following behaviors: excellence, competence, collaboration, innovation, respect, personalization, commitment to our community, accountability, teamwork and ownership.
This position does not provide visa sponsorship. Candidates must be authorized to work in the United States without sponsorship.
Estimated compensation for this position:
100,000.00 – 125,000.00 USD per year
This range is an estimate and actual compensation may differ. Final compensation packages are determined by various considerations including but not limited to candidate qualifications, location, market conditions, and internal considerations.
Location:
On-site –Dallas, TX, Houston, TX, Overland Park, KS, Pittsburgh, PA, St. Paul, MN, Tampa, FL
Job Tags:
CMG
If this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table!
Personalized benefits that support personal well-being and growth:
JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:
401(k) plan with matching company contributions
Comprehensive Medical, Dental & Vision Care
Paid parental leave at 100% of salary
Paid Time Off and Company Holidays
Early access to earned wages through Daily Pay
At JLL, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills, experiences, and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role you're pursuing.
Accepting applications on an ongoing basis until candidate identified.
