SitusAMC Associate, Portfolio Management in Plymouth Meeting, Pennsylvania
Associate, Portfolio Management
Position Overview :
Under the direction of the Relationship Manager and/or Senior Asset Manager, Portfolio Manager will have day to day management responsibility of assigned loans and/or real estate properties. Assist in the management of a portfolio of highly structured commercial real estate loans, while adhering to company policies and procedures.
Essential Job Functions :
Day to day management of assigned loans, including communication with Borrowers and Lenders/Investors.
Build relationships with clients when appropriate as it relates to conference calls, face-to-face meetings, and written correspondence
Assisting with or managing the processing of borrower requests and consents
When applicable, correspond with Sponsors/Borrowers for updates on any property-level concerns, including Capital Expenditure Projects, leasing progress, Construction Status
Coordinate new portfolio and new loan servicing including collection of all necessary loan documents, obtaining contact information for all relevant parties and ensuring accurate boarding in the loan servicing system.
Reconcile and review various reports including billing statements, release statements, payoff statements and remittance reports as required to ensure Situs high standards are achieved in terms of quality, accuracy and completeness.
Update and monitor loan specific information in the loan servicing system
Quickly adapt to internal systems and deliverables with respect to constant evolution of client needs
Flexibility in schedule with respect to meeting time sensitive client needs
Ability to work independently on projects and also collaborate ‘face to face’ as a team player.
Have the ability to write proposals, client presentations and finished client work product
Requires, when appropriate, directing junior level staff in meeting project deadlines
Recommend and implement new processes and procedures and make enhancements to existing procedures in order to improve efficiency and quality of services
Assist management in rationalizing reports and client deliverables for existing and new reporting formats and/or proposed changes to reporting requirements
Assist with compiling document for various audits, attestation reviews and compliance testing (as needed)
Other duties, responsibilities and ad hoc projects as assigned.
Qualifications/ Requirements :
Bachelor’s degree in preferred field of study; Real Estate/Finance/Accounting/Business or equivalent level of education and experience
Minimum 2+ years of experience in Commercial Real Estate Asset Management or related field
Strong analytical, problem solving and computer skills with a thorough knowledge of excel
Excellent written, verbal and electronic communication skills with attention to detail
Work in a team environment yet think independently and generate quality work product with little supervision
Manage multiple priorities and meet multiple deadlines
Ability to approach work from more of a “transaction” basis versus “task” basis
Understanding of real estate finance including debt and equity structures
High level understanding of balance sheets and income statements
Excellent reading and comprehension skills
Ability to communicate effectively both written and verbal
Analytical skills to understand complex commercial loan documents
Strong organizational and time management skills
Understanding of 3rd party reports including appraisals, property condition reports, and environmental reports.
High level understanding of property operating statements for all commercial property types (e.g. hotel, office, multifamily, and self-storage)
Ability to work independently on projects and also collaborate ‘face to face’ as a team player
Ability to work in fast-paced environment running multiple tasks under tight deadlines
Ability to quickly come up to speed on Situs business and culture
Special Requirements :
· The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment
Working Conditions :
Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings.
SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Job Location: Plymouth Meeting, PA, United States