Join to apply for the Asset Manager role at Northmarq
1 day ago Be among the first 25 applicants
Join to apply for the Asset Manager role at Northmarq
At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you're just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!This position requires a deadline driven, service focused, and detail-oriented individual who will be responsible for underwriting borrower consent requests, mentoring and training others within the department, calculating/coordinating loan payoffs, new loan audits, financial statement and rent roll analysis, watchlist monitoring, reserve disbursement requests, processing insurance losses, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added to align with department strategies and objectives.Responsibilities
- Provide premier customer service to lenders, borrowers, and other servicing staff and regional offices.
- Manage a portfolio of Agency and/or CMBS loans with varying requirements and regulations.
- Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.
- Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
- Provide training and mentoring across the team on areas of expertise including risk management, underwriting and general CRE knowledge.
- Assist team members on advanced or complicated consent requests.
- Calculate and coordinate loan payoff requests, including yield maintenance calculations.
- Assist Manager(s) with monitoring team tasks, reviewing write-ups/recommendations, quality control, and lender feedback.
- Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
- Follow up with borrowers regarding variances and general income and expense questions.
- Perform financial covenant testing calculations including NOI, DSCR, debt yield, etc.
- Review property repair verification inspections conducted by third party vendors and regional offices.
- Follow up with borrowers to resolve any post-closing deferred maintenance items or other high-risk items identified during the annual inspection.
- Process insurance loss requests, manage proceeds, and monitor the restoration of the property.
- Review and make recommendations for releases from reserves including capital expenditure, repair, debt service reserve, rental achievement, TI/LC, and insurance loss.
- Monitor and update monthly loan reports utilized by lenders and management to analyze portfolio risk.
- Audit new loan boarding and setup to ensure loan terms and covenants were accurately captured in the servicing system.
- Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
- Minimal business travel for lender visits, industry/company conferences, etc. (1-3 times per year).
- Serve on procedure committees updating policies for the Portfolio & Asset Management Department.
- May participate in department strategic initiatives.
- Perform other reasonable tasks/projects as assigned within department.
Qualifications
- Bachelor's Degree, preferably in the finance, real estate, or accounting area.
- 4-6 years of experience in finance or accounting. Background in commercial lending or asset management preferred.
- Strong skills in Microsoft Outlook, Excel, and Word
- Strong knowledge of commercial real estate finance and commercial loan terminology
- Demonstrate strong analytical, asset management and underwriting skills.
- Demonstrated leadership and training abilities
- Excellent verbal and written communication skills
- Strong organizational and prioritization skills, with ability to manage multiple assignments while meeting deadlines
- Ability to work both independently and within a team, with minimal supervision
- Attention to detail and accuracy required
- Problem solving skills to reflect level of responsibilities
- Ability to maintain sensitive and confidential information
Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!Washington DC Residents: Northmarq carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The salary range for the Asset Manager position is $85,000.00 to $110,000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience.Seniority level
- Seniority levelNot Applicable
Employment type
Job function
- IndustriesReal Estate, Financial Services, and Capital Markets
Referrals increase your chances of interviewing at Northmarq by 2x
Sign in to set job alerts for “Asset Manager” roles.
Washington DC-Baltimore Area $95,000.00-$100,000.00 2 weeks ago
Washington, DC $110,000.00-$120,000.00 2 weeks ago
Columbia, MD $85,000.00-$110,000.00 2 weeks ago
Bethesda, MD $125,000.00-$145,000.00 1 month ago
Potomac, MD $67,000.00-$98,000.00 5 hours ago
Reston, VA $67,000.00-$98,000.00 5 hours ago
Washington, DC $130,000.00-$140,000.00 1 week ago
Arlington, VA $135,000.00-$216,000.00 3 days ago
Columbia, MD $100,000.00-$120,000.00 1 week ago
Washington, DC $130,000.00-$140,000.00 6 days ago
Washington, DC $90,000.00-$125,000.00 2 days ago
Director, Private Equity Investment Management Advisory (OPEN TO ALL US LOCATIONS)
Washington, DC $190,000.00-$225,000.00 6 days ago
Asset Wealth Management Consulting Manager
Washington, DC $99,000.00-$232,000.00 3 weeks ago
Fairfax, VA $90,000.00-$125,000.00 2 days ago
Lead High Value Asset (HVA) Project ManagerPortfolio Association Manager, HOA and Condo
McLean, VA $60,800.00-$118,000.00 10 hours ago
Tysons Corner, VA $67,482.00-$105,166.80 2 weeks ago
We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr