Asset Manager - Surveillance

Greystone & Co. - Warrenton, VA

Full-time - Mid Level

Warrenton, VA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Asset Manager - Surveillance position at Greystone involves monitoring the risk of multifamily loans and collaborating with borrowers and property management agents to address emerging risks. The role requires a detail-oriented individual with a strong understanding of real estate markets, particularly in multifamily assets, to ensure compliance and manage loan performance effectively.

Responsibilities

• Monitor the risk profile of a portfolio of performing and watchlist-rated multifamily loans.
• Serve as the responsible party for all related deliverables or communications between internal and external customers.
• Monitor borrower compliance with loan documents to ensure loan covenant compliance requirements are managed effectively.
• Work with borrowers, property management agents, and external and internal parties to identify and create solutions to credit weakness, emerging risks, performance defaults, and monetary defaults.
• Solicit property operating statements and perform financial statement analysis.
• Prepare action plans and/or recommendations on troubled assets for presentation to senior management and investors.
• Perform and/or review property site inspections to ensure appropriate maintenance practices by borrowers (as required).
• Prepare risk rating recommendations and transfer recommendations for assets within the assigned portfolio.
• Assist with routine borrower consent requests within the assigned portfolio (as required).
• Other responsibilities and duties as assigned.

Requirements

• Bachelor's degree in Finance, Real Estate, Accounting, Economics, or a minimum of 2-3 years of experience in multifamily real estate with an emphasis on risk/financial analysis, valuations, relationship management, workouts, capital markets, or asset management.
• Experience working with Fannie Mae and/or Freddie Mac multifamily loans is a plus.
• Understanding of loan documentation and real estate on a business level.
• Firm understanding of the multifamily market to identify softening and deterioration across an assigned portfolio.
• Familiarity with third-party reports such as Physical Condition Assessments, Appraisals, and Broker Opinions of Value.
• Proficiency in Microsoft Office products including Word and Excel.
• Familiarity with Microsoft Dynamics is a plus.
• Good organizational skills.
• Strong verbal and electronic communication skills.
• Exhibit self-motivation whether working independently or as part of a team.
• A strong sense of urgency about solving problems, meeting challenging deadlines, and achieving critical goals.

Nice-to-haves

• Experience working with Fannie Mae and/or Freddie Mac multifamily loans is a plus.
• Familiarity with Microsoft Dynamics is a plus.