Asset Manager overseeing financial health of multifamily properties for Fannie Mae. Collaborating with stakeholders to ensure compliance, reporting, and risk management.
Responsibilities
Monitor and track the receipt of monthly and quarterly financial reports
Ensure all necessary documentation is filed correctly and that tracking logs are up to date
Identify properties that require inspections or interim PCAs at least monthly and engage third-party vendors through competitive bidding
Analyze and report on the financial performance of an assigned portfolio of loans, providing insights and recommendations
Ensure all documentation is saved in each property’s servicing file and that all reports are submitted to Fannie Mae on time
Perform ongoing asset management and surveillance activities to identify, monitor, rate, and mitigate financial, credit, operational, physical, ownership, and market risks
Coordinate ad hoc communications with borrowers to address their needs and concerns
Work with all Asset Managers to ensure the highest standards of data quality
Coordinate the submission of financial and inspection reports for all loans
Collaborate with Internal Audit on annual reporting and compliance
Assist with the development and enhancement of systems and processes to improve efficiency and effectiveness
Requirements
At least 5 years of relevant experience in multifamily agency real estate asset or portfolio management, or commercial mortgage servicing
A bachelor’s degree in banking, finance, real estate, or a related field is required
A commercial real estate background is highly desirable
Ability to manage multiple assignments and meet tight deadlines
Strong analytical, oral, and written communication skills
Effective coordination and relationship-building abilities
A creative and flexible approach to problem-solving and organizational challenges
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