Asset Manager - Grandbridge Real Estate Capital

Please review the following job description:

Perform, and supervise others in the performance of, loan administration duties for commercial mortgage loans on behalf of the lender, with a particular focus on the collateral (typically income‑producing, real estate). Support the processing of borrower requests as well as the general enforcement of loan

• Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income‑producing properties and sponsors, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements.
• Review, correct and approve operating statement analyses.
• Perform (or review third‑party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance.
• Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).
• Review, correct and approve the property inspection reports.
• Analyze, underwrite and make formal recommendations regarding various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales/assumptions and consent to tenant leases.
• Review and correct related work product.
• Approve the release of funds in accordance with the dollar limits set forth in the company’s policies and procedures.
• Analyze and process borrower requests for releases of funds from various reserve accounts, including but not limited to reserves for replacing capital items, reserves for leasing commissions and tenant improvements, and holdbacks for repairs or improvements.
• Review and correct related work products.
• Approve the release of funds in accordance with the dollar limits set forth in the company’s policies and procedures.
• Analyze and support the processing of proceeds from complex insurance loss claims.
• Prepare recommendations for disposition of insurance proceeds, in accordance with loan documentation and lender/investor requirements, and review and edit such recommendations.
• Approve actual disposition of insurance proceeds, within the dollar limits published by the head of the department, or as otherwise set out in the company policies and procedures.
• Interface with Property Managers, Borrowers, or other paying agents in the collection of delinquent loan payments, as well as the reporting of same.
• Prepare formal demand letters and notices of default for review by lender or management.
• Direct appropriate departments in the (internal) accounting for suspense and unapplied funds.
• Report delinquencies to the appropriate investor/lender.
• Assist in the accurate and timely maintenance of the company’s loan servicing system database regarding the loan accounting records, collateral‑related and borrower‑related records, or other relevant records.
• Review and approve the related work of members of the department.
• Identify and report borrower breaches of loan document requirements.
• Confirm suspected findings.
• Mentor and train members of the department in the interpretation of loan covenants.
• Analyze asset performance and make recommendations to management in the loan risk grading process, and the “watch list” maintenance process.
• Participate in presenting new grade recommendations to management.
• Supervise and train Asset Analysts in the performance of their respective duties.
• Assist management in the implementation of process improvement measures.
• Assist management in ensuring regulatory and contractual compliance within the department.

• Bachelor’s degree or equivalent education and related training
• Five years of experience…