VP, Asset Management

$120,000 - $150,000/Yr

SitusAMC - Bismarck, ND

Full-time - Mid Level

Bismarck, ND

Real Estate

About the position

The Lead Asset Manager at SitusAMC is responsible for the overall management of a client's portfolio, acting as the primary point of contact for portfolio management, servicing oversight, and asset strategy. This role involves overseeing multiple servicers and strategic initiatives, ensuring client objectives are met through effective collaboration and reporting. The position requires strong analytical skills and the ability to manage various tasks simultaneously while maintaining high-quality performance within the Asset Management Team.

Responsibilities

• Manage a client's portfolio post-acquisition, serving as the primary contact for all portfolio management activities.
• Oversee multiple servicers, trusts, and strategic portfolio initiatives across all asset classes.
• Coordinate servicing transfers, operational reviews, and remittance reconciliations.
• Identify servicing performance irregularities and drive enhancements with servicers.
• Collaborate with diligence and collateral services teams to define asset-level strategies post-settlement.
• Conduct quantitative and qualitative analysis, reviewing loan documentation and compliance with guidelines.
• Develop portfolio campaign strategies and customized reporting for clients.
• Ensure visibility into the status of deals and perform necessary reviews in the system.
• Raise potential issues regarding performance and timelines to management.
• Identify performance trends and recommend enhancements to servicer processes.

Requirements

• College degree or training in finance/mortgage banking preferred or equivalent experience.
• Minimum of 8+ years of industry experience, with at least 2 years in an AVP level role or equivalent.
• Experience in commercial real estate asset management is required.
• Strong Excel skills, including VLOOKUP and pivot tables.
• Excellent communication skills, both written and oral.
• Strong analytical ability and strategic thinking skills.
• Detail-oriented and organized with the ability to multitask.
• Demonstrated professional behavior and teamwork.

Nice-to-haves

• Experience in mortgage/secondary market preferred.
• Ability to work well with staff and clients.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• 401K plan
• Paid time off (PTO)
• Paid holidays
• Discretionary bonus eligibility based on performance.