Truist Financial - Birmingham, AL
posted 3 months ago
The Asset Manager position at Grandbridge Real Estate Capital involves performing and supervising loan administration duties for commercial mortgage loans, with a focus on collateral that typically includes income-producing real estate. The role requires supporting the processing of borrower requests and enforcing loan agreements. The Asset Manager will be responsible for producing analyses of operating statements and financial statements of commercial properties, identifying variances, and ensuring compliance with lender requirements. This includes reviewing and approving operating statement analyses and property inspection reports, as well as underwriting and making recommendations regarding borrower requests such as loan modifications and collateral releases. In addition to these responsibilities, the Asset Manager will analyze and process borrower requests for fund releases from reserve accounts, manage proceeds from insurance loss claims, and interface with property managers and borrowers regarding delinquent loan payments. The role also involves maintaining the company's loan servicing system database, identifying borrower breaches of loan document requirements, and mentoring Asset Analysts. The Asset Manager will participate in the loan risk grading process and assist management in implementing process improvements and ensuring regulatory compliance. The position requires a strong understanding of loan accounting concepts, the ability to produce accurate work consistently, and effective communication skills. The Asset Manager will also need to travel occasionally for property inspections and meetings. This role is essential in ensuring the financial health of the company's commercial mortgage portfolio and requires a proactive approach to managing assets and borrower relationships.