Asset Manager Grandbridge Real Estate Capital

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Regular or Temporary :

Regular

Language Fluency : English (Required)

Work Shift :

1st shift (United States of America)

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

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.

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.

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).

Support the analysis underwriting and recommendation of various borrower requests including but not limited to requests for loan modifications collateral releases prepayment maturity extensions sales / assumptions and consent to tenant leases.

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.

Analyze and support the processing of proceeds from insurance loss claims.

Support the collection of delinquent loan payments as well as the reporting of same.

Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records collateral-and borrower-related records or other relevant records.

Identify and report borrower breaches of loan document requirements and report to managers of the department.

Qualifications

Required Qualifications :

The requirements listed below are representative of the knowledge skill and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Bachelors degree or equivalent education and related training

Good written and verbal communication skills

Ability to efficiently and consistently produce accurate work

Basic understanding of loan accounting concepts including interest accrual methodologies and amortization

Ability to read and comprehend most provisions of common commercial real estate loan documents

Demonstrated proficiency of basic computer skills such as Microsoft applications

Basic-level skills with Adobe Acrobat (i.e. creation and manipulation of .PDF files)

Ability to travel occasionally overnight

Preferred Qualifications :

One year of experience with commercial real estate finance

Working knowledge of the commercial lending programs of Life Insurance Co lenders Fannie Mae Freddie Mac and Commercial Mortgage Backed Securities (CMBS) conduits including the roles and responsibilities of servicers

Working familiarity with commercial property operating statements

Basic knowledge of engineering architectural and landscape maintenance concepts as they relate in a practical manner to commercial structures

Basic knowledge of the commercial building construction process and construction lending

Basic knowledge of real estate law concepts

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General Description of Available Benefits for Eligible Employees of Truist Financial Corporation : All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment tax-preferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and / or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law E-Verify IER Right to Work

Required Experience :

Manager

Key Skills

Microsoft Office,Portfolio Management,Microsoft Word,Asset Management,Yardi,Microsoft Excel,Administrative Experience,DocuSign,Property Management,negotiation,Contracts,Google Suite

Employment Type : Full-Time

Experience : years

Vacancy : 1