Merchants Capital Corporation
Senior Asset Manager
Merchants Capital Corporation, Carmel, Indiana, United States, 46033
Description:As the Senior Asset Manager you will oversee a portfolio of loans, ensuring compliance with loan terms and regulations. You will be exposed to a variety of lending products and will be tasked with monitoring the performance of all assets within the portfolio, tracking the path to permanent financing, conducting risk assessments and providing exceptional customer service.
The purpose of the Senior Asset Manager role is to ensure optimal performance and compliance of a portfolio of loans, thereby safeguarding the interests of stakeholders and fostering financial stability. By meticulously monitoring loan terms and regulations, conducting risk assessments, and guiding the path to permanent financing, this position plays a critical role in maximizing asset value and minimizing risk exposure. Additionally, through exemplary customer service and acting as a source of guidance to junior team members, the Senior Asset Manager facilitates seamless operations and fosters a culture of excellence within the asset management department.Requirements:After one year as a Senior Asset Manager, you will know you were successful if you...
Managed borrower relationships on a portfolio of multifamily mortgage loans including balance sheets, participated and securitized transactions.
Maintained a detailed working knowledge of each project within the assigned portfolio to ensure compliance with loan documents.
Assisted with training and mentoring of Asset Managers and Asset Management Analysts.
Multi-tasked, prioritized, and meet changing deadlines to facilitate timely and accurate customer support to internal and external stakeholders.
Reviewed, and provided a risk assessment analysis on monthly, quarterly, and annual financial statements.
Performed covenants compliance testing in accordance with the loan agreement.
Utilized the centralized database to track project data.
Performed site visits as necessary.
Monitored maturities within the assigned portfolio and identify/escalate if concerns arise for timely payoff/conversion.
Collaborated with the Loan Origination team to provide strategic direction on permanent financing.
Reviewed and approved monthly draws for each project and checked for project budget compliance.
Assisted Capital Markets team as needed with securitized loan requests.
Drafted credit memos analyzing and articulating the viability of cash flow leasing projections, rents and expenses compared to the market, market risk factors, and possible risk mitigations.
Collaborated with other departments within the company including a timely feedback loop to underwriting, originations and closing on deal specific and common theme issues and “lessons learned”.
What we are looking for...
Industry experience with an emphasis on asset or portfolio management.
Requires an organized, detailed-oriented approach to work balance with a personable demeanor effective at delivering high-quality customer experience.
Problem-solving skills with a self-start mentality that responds well to work pressure and urgent deadlines.
Excellent written and verbal communication skills with an ability to actively listen and respond appropriately.
Encourages strategic, creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing risk.
Requires a minimum of a Bachelors in finance, accounting, real estate or related field.
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multi-family housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
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The purpose of the Senior Asset Manager role is to ensure optimal performance and compliance of a portfolio of loans, thereby safeguarding the interests of stakeholders and fostering financial stability. By meticulously monitoring loan terms and regulations, conducting risk assessments, and guiding the path to permanent financing, this position plays a critical role in maximizing asset value and minimizing risk exposure. Additionally, through exemplary customer service and acting as a source of guidance to junior team members, the Senior Asset Manager facilitates seamless operations and fosters a culture of excellence within the asset management department.Requirements:After one year as a Senior Asset Manager, you will know you were successful if you...
Managed borrower relationships on a portfolio of multifamily mortgage loans including balance sheets, participated and securitized transactions.
Maintained a detailed working knowledge of each project within the assigned portfolio to ensure compliance with loan documents.
Assisted with training and mentoring of Asset Managers and Asset Management Analysts.
Multi-tasked, prioritized, and meet changing deadlines to facilitate timely and accurate customer support to internal and external stakeholders.
Reviewed, and provided a risk assessment analysis on monthly, quarterly, and annual financial statements.
Performed covenants compliance testing in accordance with the loan agreement.
Utilized the centralized database to track project data.
Performed site visits as necessary.
Monitored maturities within the assigned portfolio and identify/escalate if concerns arise for timely payoff/conversion.
Collaborated with the Loan Origination team to provide strategic direction on permanent financing.
Reviewed and approved monthly draws for each project and checked for project budget compliance.
Assisted Capital Markets team as needed with securitized loan requests.
Drafted credit memos analyzing and articulating the viability of cash flow leasing projections, rents and expenses compared to the market, market risk factors, and possible risk mitigations.
Collaborated with other departments within the company including a timely feedback loop to underwriting, originations and closing on deal specific and common theme issues and “lessons learned”.
What we are looking for...
Industry experience with an emphasis on asset or portfolio management.
Requires an organized, detailed-oriented approach to work balance with a personable demeanor effective at delivering high-quality customer experience.
Problem-solving skills with a self-start mentality that responds well to work pressure and urgent deadlines.
Excellent written and verbal communication skills with an ability to actively listen and respond appropriately.
Encourages strategic, creative thinking with experience overseeing the process of interpreting data and analysis to support the development of new and innovative applications to managing risk.
Requires a minimum of a Bachelors in finance, accounting, real estate or related field.
ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multi-family housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
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