Asset Manager

Oak Grove Capital is a national commercial real estate lender providing custom tailored debt solutions for owners/developers of affordable and market-rate apartments, senior housing and healthcare. Oak Grove has originated more than $1.5 billion in new loans in each of the past two years, and currently asset manages and services a loan portfolio of $9 billion in 46 states. We are headquartered in the Twin Cities and have 10 offices located around the country.

Oak Grove is currently seeking an Asset Manager for its Asset Management Department in its St. Paul, Dallas or Tampa office. The Asset Manager must demonstrate attention to detail, organization, analytical orientation, and possess the initiative to work in an independent and reliable manner. In this important role, the Asset Manager will provide exceptional service to our clients and proactively asset manage and perform timely duties for an assigned portfolio of multifamily and housing loans. The Asset Manager will ensure that properties are being properly maintained and operating at their highest possible level. The Asset Manager will report the status of real estate assets to management and make risk mitigating recommendations based on research and experience. Essential Functions: - Review, analyze, and approve annual and quarterly financial statement analysis for an assigned portfolio of multifamily andhousing properties in accordance with Oak Grove Capital’s best practices and the requirements of Fannie Mae, Freddie Mac, HUD, and Other Investors - Administer functions in accordance with loan document(s) as well as the requirements of the Investor and Oak Grove Capital - Perform annual property inspections nationwide (requires about 20-60% travel) and follow up on any deferred maintenance and other noted issues - Regularly assign risk ratings to properties using both an internal matrix and various agency guidelines - Draft Action Plans for properties that are performing below expectations, make specific recommendations for improving property operations and follow-up with borrowers on progress - Closely work with borrowers and management companies regarding any operating issues at the property including monetary delinquencies - Communicate loan dynamics, property findings and trends with the Deputy Chief Asset Manager and the Special Asset Manager - Recommend transition to internal Special Asset Management when it is apparent that a property has materially declined - Review and approve replacement reserve disbursement requests based on property condition and future capital needs - Review and approve releases from other escrows including repair, insurance loss, rental achievement, etc., - Process Special Requests such as transfers, easements, partial releases, management changes, insurance losses, etc. - Prepare reports as required by Fannie Mae, Freddie Mac, HUD, and Oak Grove - Identify and evaluate troubled markets and sub-markets within assigned portfolio and communicate findings to Asset Management Department - Oral and written communication with Oak Grove management, Agencies, borrowers, management companies, and investors, as required - Attend Asset Management Department meetings as requested - Attend Agency conference calls to stay apprised of new developments - Seek out new business opportunities and promote Oak Grove to potential clients while in the field - Assist in developing and writing internal policies and procedures, as required - Other duties as deemed necessary

Qualifications Required: - Leadership skills - 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 audit own work - 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 and/or commercial real estate finance or property management. Physical Demands: Must be able to physically inspect multiple residences and common areas at multiple apartment complexes, as well as inspect comparable properties within the market. Employee must be able to physically move about the apartment complexes, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend. Travel shall include various modes of travels (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging.