Associate, Asset Management

Purpose and Job Summary:

The Associate will perform the loan servicing activities of the GSE Asset Management - Agency Risk team to monitor loan performance, collateral condition, and to protect the company from default. This position helps to monitor compliance with loan terms and government agency loan program guidelines and works with other LSAM associates to address financial/operational issues to avoid or cure defaults. The position coordinates and works with bankers, associates, external counsel, government agency personnel, and any other third parties to carry out post-closing requests.

Essential Duties and Responsibilities:

• Perform loan surveillance activities for student, seniors, and multifamily housing in compliance with Agency investor requirements. Tasks include but are not limited to: maintaining loan servicing files with detailed documentation in an organized manner, collecting and analyzing financials, communicating escrow analysis changes, delivering delinquency notices, and processing replacement reserve draws
• Responsible for medium portfolio size up to 20 loans with limited to complicated nonperforming characteristics
• Independently process and document post-closing transactions including property management changes, collateral releases, assumptions and transfers
• Independently process loan payoff and payoff by assignments by coordinating interdepartmental efforts and applicable internal and Agency approvals
• Coordinate and participate in loan workout activities with borrowers, operators, management agents, agencies, and legal counsel
• Conduct MBA property inspections with supervision and monitor deferred maintenance repairs
• Work professionally and harmoniously with team and coworkers
• Other projects and duties as assigned

• More than 3 years of analyst or equivalent experience
• Bachelor's Degree in business administration, finance, accounting or related area
• Pass MBA test to be certified to conduct inspections and shadow at least 10 inspections
• General understanding of multifamily real estate, loss mitigation terms, and agency life of loan functions and players

• Ability to analyze real estate financials: Income Statement, Cashflow statement, Balance Sheet, Rent Roll
• Basic knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile

• Proficiency in Microsoft Office and list other relevant systems or software
• Excellent organizational, communication, presentation, and interpersonal skills
• Ability to plan, organize, and prioritize assignments, and to meet critical and established deadlines; Ability to manage multiple assignments ant transactions simultaneously
• Demonstrated ability to maintain confidentiality and to use discretion in the performance of daily activities
• Professional business image and excellent command of the English language, both verbally and in writing (spelling, grammar, and punctuation)
• Ability to learn quickly and demonstrated ability to work independently and as part of a high-performance team
• Flexibility and ability to work under pressure with tight deadlines and constant interruptions; Ability to adjust priorities in a changing environment

• Experience working with Fannie Mae and Freddie Mac multifamily loan servicing and products, and/or CMBS loans in Special Servicing
• General understanding of PSA/SSA, agency multifamily servicing guides, and agency loan agreements
• Basic knowledge of servicer advancing on tax, insurance, and principal & interest as well as reimbursement process, with ability to reconcile