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CBRE

Agency Asset Manager, Construction Loan Servicing

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Finance / Investment
Location
Houston
 TX
Postal Code
77001
Country
United States

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Description


JOB SUMMARY
 


The Construction Asset Manager position is responsible for interaction within our internal organization, borrowers, and other external customers including FHA and Ginnie Mae. The position requires the demonstrated ability to independently perform: preparation of formal written presentations analyzing a wide spectrum of issues relating to both loan and property-level requests, delivery of the highest level of customer service to both internal and external clients, prepare detailed financial analysis, modeling and commercial mortgage underwriting duties, abstracting of loan and transactional documents, varying levels of supervision of analysts in the department including - quality control related to written presentations, financial analyses, property inspections, and other items, functions; market / sub-market research and presentation; oversight and training; and, review and amendment as appropriate of written presentations authored by others. All duties are conducted in support of and under the supervision of the Portfolio Manager.

RESPONSIBILITIES

Responsible for overall asset and risk management of a portfolio of multifamily agency loans; uses fundamental concepts, practices and procedures associated with commercial real estate finance. 


Remote opportunities available in specific markets

ESSENTIAL DUTIES AND RESPONSIBILITIES


Responsible for monitoring the performance of loans within the FHA Construction Loan portfolio.
Serve as primary point of contact for the FHA Construction Loan portfolio, communicating issues and updates to management, FHA and Ginnie Mae were appropriate.


Provide excellent customer service and problem resolution for borrower and internal customers.
Review and interpret loan documents and monitor compliance with FHA and Ginnie Mae regulations. 


Review, prepare and approve as appropriate, borrower requests for lender and/or FHA consent relating to a wide variety of issues involving FHA construction loans including but not limited to monthly requisitions for loan funds, advances of various escrow funds, budget line item reallocation, change orders, permission to occupy, property management changes, easements, change of mortgagor, transfers of interest, other ad hoc requests and real estate related transactions in coordination with the local HUD office. 


Monitors borrower completion of special conditions items required by FHA prior to converting the construction loan to permanent status, including but not limited to pre-occupancy conference, radon testing, review of cost certification audits, and other items in coordination with the local HUD office.


Closely work with respective Portfolio Manager and team members to administer all issues relating to monitoring, preserving, and enhancing the investment profile of FHA construction loans and their underlying collateral.


Demonstrates ability to identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks.


Responsible for managing and reviewing monthly Watch/Monitor list reports and any other specific FHA Construction Loan Portfolio reporting requirements.


Coordination of monthly GNMA securitizations and final endorsement with the Closing Team.


Conducts property inspections of construction work in progress in coordination with or in addition to the assigned HUD inspector and/or 3rd party inspector.


Training and support of team members in fulfillment of activities performed on behalf of clients and customers.


Provide review, amendment, and guidance involving the work product authored by other team members. 


Other duties and special projects as assigned.

SUPERVISORY RESPONSIBILITIES


Provides formal supervision to individual employees within single functional or operational area. Recommends staff recruitment, selection, promotion, advancement, corrective action and termination. Plans and monitors appropriate staffing levels and utilization of labor, including overtime. Prepares and delivers performance appraisal for staff. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company's values.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The requirements listed below are representative of the knowledge, skill, and/or abilities requisite to this position:

Exceptional professional writing and verbal communication skills are essential.


Detailed underwriting capabilities and an understanding of commercial and construction real estate asset types. 


Ability to work in a fast-paced environment and simultaneously manage and effectively prioritize numerous complex transactions and issues.


Detail oriented and dedicated to accuracy.


Excellent organizational skills.


Strong problem resolution skills.


Demonstrated abilities to independently perform assigned duties.


Abilities to provide guidance and direction to team members.


Strong computer skills.

EDUCATION and EXPERIENCE


Bachelor's degree (BA/BS) from 4-year college or university required. Master's degree preferred. Minimum of 5 years of related experience and/or training.

Three or more years of experience with underwriting or asset management of commercial real estate; or equivalent combination of education and experience preferred

Knowledge of Fannie Mae and Freddie Mac Guides and standard asset management practices

Prior Supervisory experience preferred.

CERTIFICATES and/or LICENSES


Inspection Certification preferred. Will be required to obtain and meet Fannie/Freddie certification requirements.

COMMUNICATION SKILLS


Ability to read, analyze and interpret loan documents and industry reports. 


Ability to prepare clear, concise, complete, and compelling transactional presentations, reports, and business correspondence. 


Ability to effectively present information to external clients and customers as well as internal management.


Ability to communicate directions and guidance to others.

FINANCIAL KNOWLEDGE


Advanced understanding of the principles of real estate and finance.


Ability to perform financial calculations.

REASONING ABILITY


Ability to define problems, collect data, establish facts, and draw valid conclusions. 


Ability to interpret an extensive variety of instructions in written or diagram form and deal with disparate abstract and concrete variables.

OTHER SKILLS and ABILITIES


Proficient in Microsoft Suite Products including: Word, Excel, Power Point and Outlook.

Significant travel maybe required, up to 25%

SCOPE OF RESPONSIBILITY


Decisions made with thorough understanding of procedures, company policies, and business practices to achieve general results and deadlines. Responsible for setting work unit and/or project deadlines. Errors in judgment may cause short-term impact to department.

Equal Opportunity and Affirmative Action Employer Women/Minorities/Persons with Disabilities/US Veterans

Job Functions


  • Capital Markets
  • Finance
  • Financial Analysis
 

Job Sector


  • Alternative Investments
 

Experience


N/A


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