The CBRE Loan Services Asset Manager position is responsible for interaction within our internal organization, borrowers, clients, contractors, attorneys, title companies, architects, brokers, appraisers, and other deal related parties. 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.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Responsible for monitoring the performance of properties and progress under business plans related to a defined portfolio of loans and joint venture equity investments
Serve as primary point of contact for clients, borrowers and others related to an assigned portfolio, communicating issues and updates to management were appropriate.
Provide excellent customer service and problem resolution for client, borrower, and internal / external customers.
Review and interpret loan documents and monitor compliance in accordance with deal documents.
Review and understanding of leases for all traditional property types.
Review and understanding of franchise agreements for hotels.
Review and analyze third party reports.
Review materials and prepare recommendations for client review and approval following requests from borrowers.
Build and maintain financial models to track capital inflows and outflows related to ground up and major renovation commercial real estate deals with multiple capital partners.
Build and maintain financial models related to commercial real estate loans with multiple releases of collateral during the hold period.
Monitors borrower completion of special conditions items required by the deal documents.
Closely work with respective borrowers to help resolve all issues relating to monitoring the successful resolution of the investment for the client.
Demonstrate ability to identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks.
Responsible for drafting, managing, updating, and/or reviewing monthly reports and any specific client requirements.
Conduct property inspections coordination with client and/or 3 rd party inspector.
Review budgets annually and monitor operating statements on a periodic basis, spreading both to industry standards upon receipt and benchmarking to the underwriting projections.
Training and support of team members in fulfillment of activities performed on behalf of clients and customers.
Other duties and special projects as assigned.
Indirect supervisory role of team members to assist in optimizing the services performed on behalf of clients and customers.
To perform this job successfully, an individual must have demonstrated the ability to perform each essential duty satisfactorily. 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.
Experience tracking construction projects for capital providers.
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.
Extensive MS Excel experience building models, both for tracking performance and forecasting cash flows.
Excellent organizational skills.
Strong problem resolution skills.
Demonstrated abilities to independently perform assigned duties.
Demonstrated abilities to work well in a team environment.
Abilities to provide guidance and direction to team members.
Strong computer skills.
Previous work experience in commercial real estate with focus on cash flow modeling, construction loan administration, valuation and servicing.
EDUCATION and/or EXPERIENCE
Bachelor's degree from a four-year university; seven or more years of experience with underwriting or asset management of commercial real estate (equity or debt); or equivalent combination of education and experience.
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.
Advanced understanding of the principles of real estate and finance, including time value of money principals.
Ability to perform financial calculations.
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.
CERTIFICATES, LICENSES, REGISTRATIONS
Proficient in common Microsoft applications including Excel and Word.
Understanding of Argus
Internal Number: 19029205
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.