Director -or- Sr. Director, Loan Asset Management Job at USAA Real Estate Company
Company Overview:
At Affinius Capital our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background and drug screen. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
Affinius Capital is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.
Along with its affiliate companies, Affinius Capital invests across the risk spectrum for a global client base, managing over $35 billion in net assets under management within a diversified portfolio across North America and Europe. Affinius Capital provides strategic equity and debt capital, including to capitalize on the accelerating demand for technology-driven real estate assets, to meet the critical need for housing solutions, and for other market and capital structure opportunities exhibiting compelling risk-return characteristics. For more information, visit affiniuscapital.com.
Job Description:
The Director or Senior Director, Loan Asset Management will co-manage the Commercial Mortgage Loan Portfolio. The Director or Senior Director will have an opportunity to make Loan Asset Management more efficient and scalable.
Essential Duties:
- Manage loan covenant compliance and conduct active portfolio surveillance to effectively monitor individual loan and property performance in connection with the Quarterly Asset Review and Annual Review processes.
- Independently handle loan asset management and servicing matters including payoffs, prepayments, estoppels, lease reviews, SNDAs, reserves, escrows, draw requests, cash management, easements, financial reporting, inspections, post-closing items, and other borrowers’ requests requiring lender approval.
- Collaborate with internal mortgage originators and accounting team, as well as third-party servicer(s), correspondents and legal counsel to complete routine and ad hoc loan management and reporting tasks.
- Create portfolio-level performance reports, presentations, and industry surveys for internal and external parties.
- Lead mortgage compliance, data input, and information integrity.
- Analyze construction reporting by third-party consultants, including progress reports and change order requests.
- Identify problem loans, develop monitoring plan, and recommend and execute loss-minimizing recovery strategies such as note sales, workouts, restructures, and/or foreclosure.
- Establish and implement process efficiencies, best practices, and standard operating procedures.
- Spearhead other operational tasks and projects as needed.
- Additional duties as assigned.
- Bachelor’s Degree in Finance, Real Estate, Accounting, Business, or related field. Master’s Degree, CFA, or other designations a plus.
- High achiever with minimum 7 years of experience in loan asset management, surveillance and reporting.
- Extensive knowledge and experience underwriting, asset managing or financing all major commercial real estate product types (office, industrial, retail, multifamily). Basic underwriting knowledge of specialty property types (hotels, self-storage, and condominiums) is a plus.
- Strong understanding of valuation process; highly capable of valuing all major commercial real estate product types via DCF. Mortgage loan workout experience is a plus.
- Basic knowledge of all deal types (transitional, development, pre-development, repositioning, and stabilized properties) and complex debt positions (participations, syndications, CLO’s/CDO’s).
- Ability to create complex financial models in Excel or similar programs.
- Ability to understand loan documents with varying degrees of complexity.
- Extreme attention to detail; ability to work in fast-paced environment independently running multiple tasks under tight deadlines.
- Must be willing to work on-site and show proof of COVID-19 vaccination (or request and receive an authorized exemption).
- Qualifications may warrant placement in different job title.
Affinius Capital complies with laws and regulations that permit certain requests related to your data in our files, including, but not limited to, the California Consumer Privacy Act (the “CCPA”). The Company's privacy policy and contact information for questions regarding your data or the policy may be found here.
At Affinius Capital our employees enjoy generous benefits packages including comprehensive medical, dental and vision plans, 401k, educational and professional designation assistance, business casual dress attire and much more! Qualified applicants must successfully complete a pre-employment background and drug screen. The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.
Affinius Capital is an Equal Opportunity and Affirmative Action Employer of Females, Minorities, Veterans and Disabled.
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