Senior Asset Manager

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 and detail‑oriented individual who will be responsible for underwriting borrower consent requests, loan covenant review and monitoring, financial statement and rent roll analysis, watchlist/surveillance, reserve disbursement requests, new loan audits, calculating/coordinating loan payoffs, and satisfying investor requirements. Focus will be on commercial mortgage risk management and customer service. This seasoned individual should be disciplined and driven to enhance business processes, while providing expertise in underwriting consent requests and the overall management of lender portfolio(s).

Ongoing training within the industry, as well as mentoring and training to Asset Management Analysts, will be required. Additional responsibilities may be added to adapt to company growth.

This position offers a flexible work environment and is available for an immediate start.

• Provide premier customer service to lenders, borrowers, other servicing staff and regional offices.
• Plan and schedule own workload to efficiently meet benchmarks within the department.
• Manage a portfolio of Freddie Mac loans with varying requirements and regulations.
• Underwrite and formulate recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers etc.
• Responsible for monitoring and following up with Borrowers on loan covenants across the portfolio to ensure compliance with Lender’s standards.
• Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Fannie Mae, Freddie Mac, Life Companies and other investors.
• Follow up with borrowers and management companies regarding variances and general income and expense questions.
• Follow up with borrowers to resolve any deferred maintenance or other issues identified during the annual inspection.
• Review and make recommendations for releases from reserves, including replacement, repair, TI/LC, and insurance loss.
• Monitor maturing loans and provide the required notices to borrowers.
• Monitor and update monthly loan reports utilized by investors 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.
• Calculate and coordinate loan payoff requests, including yield maintenance calculations.
• Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
• Provide training and mentoring across the team on areas of expertise, including analysis, underwriting, and general CRE knowledge.
• Assist team members on advanced and/or complicated consent requests.
• Assist Manager(s) with monitoring team tasks, reviewing write-ups, quality control, and feedback.
• Participate in presentations and classroom‑style training for staff based on areas of expertise.
• Responsible for oversight of assigned lender portfolios, including maintaining effective business relationships, monitoring team tasks, quality control, lender feedback, and providing internal approval of write‑ups/recommendations.
• Minimal business travel for lender visits, industry/company conferences, etc. (1‑3 times per year).
• Conduct physical property inspections as needed.
• Serve on procedure committees, updating policies and procedures for Portfolio Management.
• Collaborate with Portfolio Management leadership to…