Northmarq
Senior Asset Manager – Bloomington, MN
Northmarq is a unique capital markets resource for commercial real estate investors. We offer best-in-class training, inclusive teams, and growth opportunities. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate.
Overview We are hiring an experienced Senior Asset Manager to manage a portfolio of Freddie Mac commercial mortgage loans, oversee underwriting consent requests, monitor covenants, conduct financial statement analysis, and provide exceptional customer service to lenders and borrowers. The role requires strong analytical skills, detail orientation, and a collaborative mindset.
Key Responsibilities
Provide premier customer service to lenders, borrowers, servicing staff, and regional offices.
Plan and schedule own workload to efficiently meet department benchmarks.
Manage a portfolio of Freddie Mac loans with varying requirements and regulations.
Underwrite and formulate recommendations for lender consent of borrower requests (lease approvals, extensions, releases, easements, condemnations, transfers).
Monitor and follow up on borrower loan covenants to ensure compliance with lender standards.
Analyze annual and quarterly financial statements for multifamily and commercial properties per Fannie Mae, Freddie Mac, Life Companies, and other investors.
Follow up with borrowers and management companies on variances, income, expense questions, and deferred maintenance issues.
Review and recommend releases from reserves (replacement, repair, TI/LC, insurance loss).
Monitor maturing loans and provide required notices to borrowers.
Update monthly loan reports for investors and management to analyze portfolio risk.
Audit new loan boarding and setup to ensure accurate loan terms and covenants.
Calculate and coordinate loan payoff requests, including yield maintenance calculations.
Monitor and collect outstanding mortgage payments, documenting collection efforts.
Provide training and mentoring on underwriting, analysis, and general CRE knowledge.
Assist team members on advanced or complicated consent requests.
Assist Manager(s) with monitoring team tasks, reviewing write-ups, quality control, and feedback.
Participate in presentations and classroom-style training for staff.
Oversee assigned lender portfolios, maintain effective business relationships, monitor tasks, provide quality control and lender feedback, and provide internal approval of write-ups/recommendations.
Minimal business travel for lender visits, industry conferences (1–3 times per year).
Conduct physical property inspections as needed.
Serve on procedure committees, updating policies and procedures for Portfolio Management.
Collaborate with Portfolio Management leadership to provide recommendations and execute on department goals/objectives.
Perform other reasonable tasks/projects as assigned within the department.
Qualifications
Bachelor’s Degree in real estate, finance, or accounting (Master’s desirable).
10+ years of commercial real estate loan underwriting or asset management experience.
Strong skills in Microsoft Outlook, Excel, and Word.
Deep knowledge of commercial loan terminology and underwriting processes.
Proven underwriting, modeling, and analytical skills for multifamily & commercial properties.
Leadership and training abilities.
Excellent oral and written communication skills.
Customer service‑oriented, strong organizational and prioritization skills.
Ability to work independently and within a team with minimal supervision.
Attention to detail, strong problem‑solving skills, and a strong work ethic.
Ability to maintain sensitive and confidential information.
Preferred certifications: Certified Realty Investor – Associate (CRI) or CCIM exams; MBA Inspector Certified.
Benefits Northmarq offers medical, dental, vision, paid time off, 401K match, paid parental leave, adoption assistance, education assistance, volunteer paid time off, charitable contribution match, and more.
Salary Senior Asset Manager salary range: $120,000.00 to $140,000.00 annually (good‑faith estimate; final compensation depends on qualifications).
EEO Statement Northmarq is an equal‑employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability status, or any other protected class.
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Overview We are hiring an experienced Senior Asset Manager to manage a portfolio of Freddie Mac commercial mortgage loans, oversee underwriting consent requests, monitor covenants, conduct financial statement analysis, and provide exceptional customer service to lenders and borrowers. The role requires strong analytical skills, detail orientation, and a collaborative mindset.
Key Responsibilities
Provide premier customer service to lenders, borrowers, servicing staff, and regional offices.
Plan and schedule own workload to efficiently meet department benchmarks.
Manage a portfolio of Freddie Mac loans with varying requirements and regulations.
Underwrite and formulate recommendations for lender consent of borrower requests (lease approvals, extensions, releases, easements, condemnations, transfers).
Monitor and follow up on borrower loan covenants to ensure compliance with lender standards.
Analyze annual and quarterly financial statements for multifamily and commercial properties per Fannie Mae, Freddie Mac, Life Companies, and other investors.
Follow up with borrowers and management companies on variances, income, expense questions, and deferred maintenance issues.
Review and recommend releases from reserves (replacement, repair, TI/LC, insurance loss).
Monitor maturing loans and provide required notices to borrowers.
Update monthly loan reports for investors and management to analyze portfolio risk.
Audit new loan boarding and setup to ensure accurate loan terms and covenants.
Calculate and coordinate loan payoff requests, including yield maintenance calculations.
Monitor and collect outstanding mortgage payments, documenting collection efforts.
Provide training and mentoring on underwriting, analysis, and general CRE knowledge.
Assist team members on advanced or complicated consent requests.
Assist Manager(s) with monitoring team tasks, reviewing write-ups, quality control, and feedback.
Participate in presentations and classroom-style training for staff.
Oversee assigned lender portfolios, maintain effective business relationships, monitor tasks, provide quality control and lender feedback, and provide internal approval of write-ups/recommendations.
Minimal business travel for lender visits, industry conferences (1–3 times per year).
Conduct physical property inspections as needed.
Serve on procedure committees, updating policies and procedures for Portfolio Management.
Collaborate with Portfolio Management leadership to provide recommendations and execute on department goals/objectives.
Perform other reasonable tasks/projects as assigned within the department.
Qualifications
Bachelor’s Degree in real estate, finance, or accounting (Master’s desirable).
10+ years of commercial real estate loan underwriting or asset management experience.
Strong skills in Microsoft Outlook, Excel, and Word.
Deep knowledge of commercial loan terminology and underwriting processes.
Proven underwriting, modeling, and analytical skills for multifamily & commercial properties.
Leadership and training abilities.
Excellent oral and written communication skills.
Customer service‑oriented, strong organizational and prioritization skills.
Ability to work independently and within a team with minimal supervision.
Attention to detail, strong problem‑solving skills, and a strong work ethic.
Ability to maintain sensitive and confidential information.
Preferred certifications: Certified Realty Investor – Associate (CRI) or CCIM exams; MBA Inspector Certified.
Benefits Northmarq offers medical, dental, vision, paid time off, 401K match, paid parental leave, adoption assistance, education assistance, volunteer paid time off, charitable contribution match, and more.
Salary Senior Asset Manager salary range: $120,000.00 to $140,000.00 annually (good‑faith estimate; final compensation depends on qualifications).
EEO Statement Northmarq is an equal‑employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability status, or any other protected class.
#J-18808-Ljbffr