Asset Management Analyst

For more than 50 years, NorthMarq Capital has provided debt and equity to commercial real estate owners and investors through 35 regional offices coast-to-coast. With an annual production volume of $13 billion and a loan servicing portfolio of more than $45 billion on behalf of more than 50 institutional investors, we are one of the largest commercial real estate mortgage banking firms in the world, and the nation’s largest privately held servicer and provider of commercial real estate debt.

NorthMarq Capital Finance is seeking a Asset Management Analyst who will assist the Asset Management departments in all departmental responsibilities to include financial analysis, physical asset inspections, risk management and watch loan oversight, collateral monitoring, and many types of customer requests received by the borrower or management team responsible for the property.

• Assist the Chief Asset Manager and all Asset Managers in department with the following functions:
• Internal and external reporting.
• Review new borrower welcome letter, loan amortization schedule and first billing statement received from servicing vendor for accuracy. Correct any inconsistencies and forward, via email to borrower including instructions on how to obtain future billing statements on-line and assist in completion of ACH payment request.
• Conduct audit of the new loan set up on FICS (NorthMarq’s Asset Servicing Application) and compare to loan documents for accuracy and completeness.Provide findings to cashiering vendor to make corrections where appropriate.
• Complete Fannie Mae forms and authorization for new custodial accounts.
• Analysis of quarterly operating statements for each asset in portfolio to determine cash flows, net operating income, debt service coverage, and financial trending.
• Physical on-site property inspections; this includes interviewing on-site management along with walking units, common areas, and the exterior of the property to determine quality.
• Submit property specific analyzed financial data along with property inspection forms to Fannie Mae in a timely manner.
• Monitor and administer all collateral accounts to include Replacement Reserves, Repairs, Achievement Escrows, or other types.This includes analyzing invoices, payment receipts, and pictures in order to determine the validity of draw requests and authorization of the disbursement is approved.Ensure associated deadlines per the Agreements are met including any letter or credit expiration.
• Monitor properties that have insurance casualty losses to include notification to Fannie Mae and obtaining all necessary documentation to place funds in escrow and process draw requests as required.
• Use FICS (NorthMarq’s Asset Servicing Application) to manage details of each account and be able to provide borrower with up to date information on their loan as day to day requests are needed.
• Work with Fannie Mae, NorthMarq Capital Finance legal counsel, and borrowers in creating or extending deal specific agreements; these agreements include but are not limited to Amendments to and Replacements of Completion/Repair and Earn-out Agreements.
• Work with NorthMarq contacts regarding issues such as loan payment, new account set-up, taxes, and insurance regarding properties in portfolio.
• Monitor loans with higher risk profile through Risk Ratings and Watch Loan processes including internal Risk Rating and Watch Loan processes, submission of Action Plans to Fannie Mae and participating in Fannie Mae run conference calls to discuss NorthMarq Capital Finance Watch Loans.
• Process requests related to transfers, assumptions, management changes, partial releases of security, and condemnation actions.
• Monitor and ensure all loan conditions are properly tracked and being complied with through new loan set up activities and appropriate follow up ticklers and correspondence.
• Process requests for Pay-offs, Loan Payment History, and Audit Confirmations

Education:

• Bachelor's Degree, preferably in the finance, real estate or accounting area.

Work Experience:

• One to Three years’ experience. Background in commercial lending or servicing a plus.

Demonstrated Technical Competencies:

• Strong skills in all Microsoft Suite applications (Outlook, Excel, and Word, etc)

Demonstrated Professional Competencies:

• Strong analytical and modeling skills
• Excellent oral and written communication skills
• Customer service oriented
• Strong organizational and prioritization skills
• Ability to work both independently and within a team, with minimal supervision
• Ability to handle multiple projects and assignments; able to prioritize and meet deadlines
• Demonstrated work ethic and willingness to work extended hours when necessary
• Attention to detail and accuracy required
• Problem solving skills to reflect level of responsibilities
• Ability to maintain sensitive and confidential information
• Ability to maintain positive attitude in all situations