Silicon Valley Bank

Senior Associate, Asset Management - Agency Watchlist

Silicon Valley Bank • $75K — $95K *
Overland Park, KS 66212In-Person
Finance & Insurance
5 - 7 years of experience
Reposted 1 week ago
Job Overview by Ladders

Qualifications

  • Over 7 years of experience in loan servicing or equivalent roles
  • Bachelor's Degree in business administration, finance, accounting, or related field
  • MBA certified for conducting property inspections
  • Solid grasp of multifamily real estate and loss mitigation
  • Ability to analyze real estate financial statements independently
  • Understanding of Agency loan agreements and terminology
  • Knowledge of servicer advancing and reconciliation processes
  • Proficiency in Microsoft Office and relevant software
  • Excellent communication and organizational skills

Responsibilities

  • Perform loan surveillance for student, seniors, and multifamily housing
  • Manage a portfolio of up to 40 loans with complex characteristics
  • Process post-closing transactions independently
  • Handle loan payoff coordination and approvals
  • Identify loan risks and suggest mitigants
  • Coordinate loan workout activities with stakeholders
  • Calculate reserves and analyze loss share liabilities
  • Conduct property inspections and monitor repairs
  • Prepare risk memos for quarterly meetings and present findings
  • Collaborate effectively within the team
  • Travel up to 30% as required
  • Complete other assigned projects and duties

Benefits

  • Hybrid work model with a minimum of 3 days in the office per week
  • Professional development opportunities
  • Collaborative work environment
  • Exposure to diverse financial transactions
  • Engagement with various stakeholders across finance and real estate sectors
Full Job Description
Purpose and Job Summary:

The Senior Associate will perform the loan servicing activities of the GSE Asset Management - Agency Risk team to monitor loan performance, collateral condition, and to protect the company from default. This position helps to monitor compliance with loan terms and government agency loan program guidelines and works with other LSAM associates to address financial/operational issues to avoid or cure defaults. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post-closing requests.

Essential Duties and Responsibilities:
  • Perform loan surveillance activities for student, seniors, and multifamily housing in compliance with Agency investor requirements. Tasks include but are not limited to: maintaining loan servicing files with detailed documentation in an organized manner, collecting and analyzing financials, communicating escrow analysis changes, delivering delinquency notices, and processing replacement reserve draws
  • Responsible for a portfolio size up to 40 loans with limited to complicated nonperforming characteristics
  • Independently process and document post-closing transactions including property management changes, collateral releases, assumptions and transfers
  • Independently process loan payoff and payoff by assignments by coordinating interdepartmental efforts and applicable internal and Agency approvals
  • Independently identify and assess loan risk and mitigants
  • Orchestrate loan workout activities with borrowers, operators, management agents, agencies, and legal counsel
  • Responsible for calculating quarterly specific reserve and analyze loss share liability
  • Conduct and write up MBA property inspections independently and monitor deferred maintenance repairs
  • Write up watchlist risk memos for quarterly risk meetings and present to senior management
  • Work professionally and harmoniously with team and coworkers
  • Travel Requirements - 30 %
  • Other projects and duties as assigned


Education, Skills and Experience:

Required:
  • More than 7 years of associate or equivalent experience
  • Bachelor's Degree in business administration, finance, accounting or related area
  • MBA certified to independently conduct property inspections
  • Comprehensive understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and players
  • Ability to independently analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent Roll
  • Comprehensive understanding of PSA/SSA and agency loan agreements to understand loan terms, covenants, and remedies
  • Comprehensive knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile
  • Proficiency in Microsoft Office and list other relevant systems or software
  • Excellent organizational, communication, presentation, and interpersonal skills
  • Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments ant transactions simultaneously
  • Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities
  • Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation)
  • Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team
  • Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment


Preferred:

  • Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing


Flexible Work Arrangements

ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.

About Silicon Valley Bank

Silicon Valley Search Group is a recruiting and staffing firm that serves their clients by providing the best talent in career services. They focus on finding the most talented professionals to place with top employers in difficult-to-find industries where they are needed, appreciated, and can contribute to a company team.

Silicon Valley Bank Careers

Join the dynamic team at Silicon Valley Bank, a premier financial institution that stands at the forefront of innovation and leadership in the banking industry. As a vital part of our growth, we offer a range of job opportunities that promise not only professional enrichment but also a commitment to diversity and personal development.

Work You’ll Do

At Silicon Valley Bank, we are dedicated to helping innovative companies and their investors move bold ideas forward, fast. Here, your work will directly influence the success of the technology and life sciences sectors. Our team’s broad skills and robust knowledge base make us a prime leader in our industry, providing top-tier financial services and advice.

Explore a Wealth of Opportunities

Whether you’re looking for a full-time position, an internship, or a leadership role, Silicon Valley Bank has a place for you. We are hiring creative, solution-driven team players who are ready to contribute to our culture of innovation. With Silicon Valley Bank, career advancement is fostered through mentorship, leadership training, and access to global networks.

Innovate at the Intersection of Technology and Finance

Join our team and be part of a company known for its pioneering spirit. Silicon Valley Bank is not just about banking; it’s about transforming the tech and finance industries together. Our employees benefit from a unique environment where they can see the tangible impact of their work on the world’s most innovative businesses.

Develop Your Career with Our Support

Silicon Valley Bank is committed to the growth and development of its employees. We offer comprehensive benefits, diversity training, and professional development programs that are designed to help you excel both personally and professionally. From networking events to skill-building workshops, every resource is aimed at enhancing your career trajectory.

Be Part of Our Inclusive Culture

Our commitment to diversity and inclusion is integral to our company ethos. At Silicon Valley Bank, every team member’s voice is valued, and we strive to create a workplace where everyone can thrive. Our inclusive culture fosters innovation, leadership, and a shared commitment to excellence.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, and innovative professionals eager to drive change and lead the future of banking. Explore the job opportunities at Silicon Valley Bank and find out how your talent can make a real difference.

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Apply Now

Ready to take the next step in your career? Submit your resume, prepare for your interview, and join a team that’s redefining the world of finance. At Silicon Valley Bank, your future is waiting.

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Learn more about Silicon Valley Bank
Size
7,149 employees
Market Cap
$12.7 billion
Industry
Finance & Insurance
Net Income
$1.2 billion
5 Year Trend
+22.5%
NASDAQ
SIVB
* Ladders Estimates

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