Columbia, MD
Salary Estimate: Confidential
Employment Type: Full Time
Work Place: Hybrid
Experience Required: 5+ to 7 years
Education Required: 4 Year College
Benefits
Job Description
The Asset Manager will have overall responsibility and ownership of a loan portfolio for various lenders with asset types including office, industrial, retail, multifamily, self-storage, and hotels. Candidate will serve as primary contact to borrowers and as an intermediary between borrowers and lenders.
Responsibilities:
- Provide excellent customer service to all stakeholders by responding promptly and effectively to basic and complex loan inquiries. Problem-solve inquiries as needed.
- Accurately and efficiently analyze financial statements including identifying and researching variances and normalizing to required standards.
- Evaluate health of assets using Debt Coverage Ratio, rent roll vacancy and tenant rollover, maturity, and physical risk metrics for designated portfolio.
- Identify and monitor watchlist loans based on CREFC or lender-specific watchlist criteria.
- Review and process time-sensitive transactions including construction/bridge loan draws.
- Analyze and facilitate consent requests including reserve disbursements, lease reviews, ownership transfers, insurance losses, condemnations, management company changes, easements, partial releases, and guaranty releases.
- Abstract legal documents and review appraisals.
- Identify, comprehend, and monitor the performance of key loan covenants and due dates.
- Review insurance Acords for compliance.
- Compile and review market information from Costar and other publications as needed.
- Review and perform property inspections.
- Manage random projects as assigned.
Previous Experience:
- 5 years commercial mortgage banking, commercial loan servicing or commercial real estate
- 5 years annual operating statement analysis
- 2 years relationship building/customer service with owners and lenders
- CREFC Coding and Methodology for Analyzing Property Income Statements
- Commercial lines insurance experience a plus
- Fannie Mae/Freddie Mac/FHA multifamily servicing a plus
- McCracken Strategy a plus
Skills, Technology:
- Strong analytical and research skills
- Effective oral and written communication abilities
- Managing multiple assignments in a deadline-driven environment
- Excellent organizational and follow-up competencies
- Ability to work independently and in a team environment
- Advanced proficiency in Excel/Word/Outlook/Adobe Acrobat DC
- Cloud storage platforms experience
Education:
- Bachelor’s Degree, Business, Finance, Accounting
Columbia National Real Estate Finance
• 1-100 employees
Since 1939, ColumbiaNational has provided competitive debt and equity solutions to owners of institutional quality commercial real estate. ColumbiaNational maintains loan origination offices in Washington, DC and Baltimore, Maryland. The loan servicing and asset management functions for the $7.3 billion commercial mortgage loan portfolio are performed in the Columbia, Maryland office.
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