Senior Asset Manager - Special Assets

## Senior Asset Manager - Special Assets Aplikujremote type:
On-site locations:
Pittsburgh, PA:
Dallas, TX:
Houston, TX:
Overland Park, KS:
St. Paul, MNtime type:
Full time posted on:
Opublikowano wczorajjob requisition :
REQ
523728
** JLL empowers you to shape a brighter way**.Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong.  Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.
** Summary/Objective:
** The Senior Asset Manager – Special Assets must demonstrate attention to detail, organization, analytical orientation, risk mitigation, and possess the initiative to work in an independent and reliable manner. In this important role, the Senior Asset Manager - Special Assets will provide exceptional service to our clients, both internal and external, and proactively mitigate risks for a portfolio of multifamily and senior housing loans.  

The Senior Asset Manager – Special Assets will possess the ability to identify existing and emerging risks from both a financial and physical condition perspective and make risk mitigating recommendations to management.
*
* Essential Functions:

*** Review annual and quarterly financial statement analyses for multifamily and senior housing properties identifying individual property and portfolio level trends
* Perform property inspections nationwide (requires about 25% travel), complete inspection reports, and make risk mitigating recommendations to reduce financial, operational, and reputational risks for the lenders
* Analyze trouble assets, including non-performing and distressed properties to determine appropriate next steps
* Manage a portfolio of high-risk loans, monitoring performance and implementing risk mitigation strategies
* Regularly review risk ratings on properties using both an internal matrix and various agency guidelines
* Consistently review and analyze portfolio level data to identify emerging risks both at the individual deal level as well as portfolio level
* Recommend transition to and from Special Assets when it is apparent that a property has materially declined or improved
* Review and approve replacement reserve disbursement requests based on property condition and future capital needs
* Review and approve releases from other escrows including repairs, insurance loss, rental achievement, etc.,
* Understand and assist in the review of special requests such as transfers, easements, partial releases, management changes, insurance losses, etc. on high-risk loans
* Prepare analyses and reports as required by Fannie Mae, Freddie Mac, and JLL for Special Assets
* Identify and evaluate troubled markets and sub-markets and communicate findings to internal and external stakeholders
* Identify and evaluate trends in actual property operations compared to underwritten property operations
* Use technology and other available tools to identify potential mortgage fraud
* Attend industry conferences and calls to stay apprised of new developments
* Assist in developing and writing internal policies and procedures, as required
* Other duties as deemed necessary
** Qualifications

Required:

*** Strong analytical and financial modeling skills
* Knowledge of real estate markets, valuation methodologies, and loan structures
* Strong Microsoft Excel and Word proficiency
* Strong math, verbal, writing, and organizational skills
* Strong time management skills and ability to operate under demanding deadlines
* Ability to multitask and work on several transactions simultaneously
* Ability to recognize and mitigate risk
* Excellent attention to detail
* Ability to work independently and in teams
* Ability to travel as needed
*
* Education:

** Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business)
*
* Experience:

** Four years experience in multifamily…