Job Description
JLL empowers you to shape a brighter way .
Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you've got deep experience in commercial real estate, skilled trades or technology, or you're looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.
The Asset Manager role will be responsible for tracking and review of all Asset Management-related duties for a defined Fannie Mae portfolio of Borrower and Production Officer relationships. Time management, organization and attention to detail will be applied independently at all times to ensure exceptional customer service is provided to both internal and external clients (including Borrowers, Production Officers and Lender). Proactive asset management of a defined portfolio will ensure internal and external due dates are consistently met for all loan covenants, Borrower requests and periodic reporting requirements. The Asset Manager will keep management informed of any elevated risk or potential events of default, as necessary. Recommendations for mitigating potential risk will be made based on research, due diligence reviews and prior industry experience. The Asset Manager will foster strong working relationships with Asset Management Analysts to improve their commercial real estate knowledge.
Essential Functions: - Actively monitor all aspects of property level risk using both internal and external sources for your assigned portfolio of Fannie Mae loans
- Provide excellent customer service to external and internal clients, including Borrowers, by providing prompt responses to inquiries and being the primary point of contact to Borrowers.
- Identify risk factors and trends and accurately memorialize these issues and a plan of action to address for Lender review
- Review and approve annual and quarterly financial statements for assigned portfolio within a specified period.
- Conduct and review/approve annual property inspections nationwide (as required) and follow up on any deferred maintenance and other noted issues during the site visit
- Proactively analyze assigned portfolio to identify potential refinancing opportunities and provide recommendations to the Production team
- Make recommendations to elevate materially declining loans or breach of loan covenants
- Monitor watchlist loans and provide updates to leadership during monthly watchlist meetings
- Frequent communication with clients regarding operational, physical, economic and loan covenant issues
- Properly document loan dynamics, property findings and trends in accordance with JLL best practices
- Review and approve releases from all escrows to include: replacement reserves, repairs, insurance loss, rental achievement, etc., based on JLL best practices
- Process property management changes and monitor insurance losses.
- Review the onboarding of new loans into our primary Servicing system
- Monitor Special Request processing with Transaction Management team on all client requests such as transfers, easements, partial releases, etc. including review and submission of overflow lender consents as needed
- Participate in Asset Management related meetings as requested
- Stay apprised of Industry related changes and developments
- Other duties as deemed necessary
Qualifications Required: - Strong Microsoft Excel and Word proficiency
- Strong math, verbal, writing, and organizational skills
- Strong time management skills and ability to operate under demanding deadlines
- Ability to multitask and work on several transactions simultaneously
- Ability to recognize risk
- Excellent attention to detail
- Ability to work independently and in teams
- Ability to travel as needed
Required Skills : Undergraduate degree preferred with a minimum of 5-7+ years in Real Estate, Finance, Accounting, Business or equivalent work experience.
Location: On-site -Dallas, TX, Houston, TX, Overland Park, KS, St. Paul, MN, Tampa, FL
Job Tags: CMG
If this job description resonates with you, we encourage you to apply, even if you don't meet all the requirements. We're interested in getting to know you and what you bring to the table!
Personalized benefits that support personal well-being and growth: JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:
- 401(k) plan with matching company contributions
- Comprehensive Medical, Dental & Vision Care
- Paid parental leave at 100% of salary
- Paid Time Off and Company Holidays
JLL Privacy Notice Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL's recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.
For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.
For additional details please see our career site pages for each country.
For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here.
This position may require you to be fully vaccinated against COVID-19. If required, you'll be asked to provide proof that you're fully vaccinated upon your start date. You're considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination.
Jones Lang LaSalle ("JLL") is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process - including the online application and/or overall selection process - you may contact us at Accommodation Requests. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.
Accepting applications on an ongoing basis until candidate identified.
Job Tags
Holiday work, Work experience placement,