Avp, Portfolio Management - Plymouth Meeting, United States - SitusAMC

SitusAMC

Verified Company

Plymouth Meeting, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers.

Whether you're a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry.

If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local - come join our team

Position Overview:

Working alongside the Senior Asset Managers, this position will have day-to-day management of a diverse portfolio of loan and debt financings including construction/renovation loans, syndications, CMBS, secured and unsecured debt transactions, multi-currency, and project financings

Essential Job Functions:

Day to day management of assigned loans, including communication with Borrowers and Lenders/Investors and Client.

Analyzing and interpreting loan documents and providing advice and direction to the Asset Management Team and Loan Operations teams

Monitoring reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future funding

Reviewing disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loan administration

Monitoring of construction loans including review of budgets, back-up documentation, title updates, and inspection reports. Periodic travel to inspect construction projects.

Performing monthly waterfall calculations including the monitoring of income, operating budgets and leasing status

Coordinate new portfolio and new loan servicing including collection of all necessary loan documents, obtaining contact information for all relevant parties and ensuring accurate boarding in the loan servicing system.

Reconcile and review various reports including billing statements, release statements, payoff statements and remittance reports as required to ensure Hanover's high standards are achieved in terms of quality, accuracy and completeness.

Update and monitor loan specific information in the loan servicing system

Flexibility in schedule with respect to meeting time sensitive client needs

Ability to work independently on projects and collaborate 'face to face' as a team player.

Handle the collection and remittance of payments

Verification and payment of taxes and insurance

Calculating property/unit release prices and monitoring releases

Portfolio reporting

Coordination with asset managers and borrowers

Such other activities as may be assigned by your manager

Qualifications/ Requirements:

Bachelor's degree (accounting, business, finance, real estate) or equivalent combination of education and experience strongly preferred

Minimum of 6+ years of industry and/or relevant experience, typically with 1+ years in a Senior Associate level role or external equivalent

Strong analytical, problem solving and computer skills with a thorough knowledge of excel

Excellent written, verbal and electronic communication skills with attention to detail

Work in a team environment yet think independently and generate quality work product with little supervision

Manage multiple priorities and meet multiple deadlines

Ability to approach work from more of a "transaction" basis versus "task" basis

Understanding of real estate finance including debt and equity structures

Excellent reading and comprehension skills

Ability to communicate effectively both written and verbal

Analytical skills to understand complex commercial loan documents

Strong organizational and time management skills

Understanding of 3rd party reports including appraisals, property condition reports, and environmental reports.

Ability to work independently on projects and also collaborate 'face to face' as a team player

Ability to work in fast-paced environment running multiple tasks under tight deadlines

MS Office Suite including Outlook, Excel, Power Point and Word.

MS Excel - Beginner to intermediate

Working Conditions:

Office environment with frequent computer, mouse, keyboard use

Alternating between sitting or standing as needed

Hearing, talking, reaching, grasping

Note:
This job description is not intended to be all inclusive or exclusive.

At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings.

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic prote