Plano 3 (31063), United States of America, Plano, Texas
Agency Asset Manager I - Principal Associate - Collateral Risk
The Asset Manager (Principal Associate) will be a member of the Agency Asset Management - Risk Mitigation team managing collateral risk for both Fannie Mae and Freddie Mac loans. This associate will also be responsible for managing communication to internal and external stakeholders including investors, vendors, and borrowers. They will be responsible for performing duties as necessary to support the goals and objectives of the Multifamily Asset Management platform. This position will report into a Senior Manager.
Responsibilities:
- Oversee progress on a variety of collateral restoration projects with heightened risk, which are monitored by the Risk Mitigation team.
- Identify opportunities to reduce risk associated with collateral restoration, with escalation to senior leadership as necessary.
- Work with key stakeholders to set expectations which ensure compliance with all loan documents and Agency guidance.
- Monitor scope of work and budget details.
- Manage release of funds through review and approval of periodic draw requests.
- Ensure all Agency reporting requirements are met.
- Identify opportunities for process updates to aid in promoting accuracy and efficiency
- Work closely with fellow associates to promote transparency and communication
- Aid in training and managing of junior staff
- Comply with all Investor monitoring and reporting requirements
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Basic Qualifications:
- Bachelor's Degree or military experience
- At least 2 years of experience in commercial real estate
Preferred Qualifications:
- 2+ years of experience with loan asset management
- 3+ years of experience in commercial real estate
- 3+ years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience
***At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
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Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.
This role is expected to accept applications for a minimum of 5 business days.
No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
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