Senior Associate, Loan Asset Management

Job Summary:

The Senior Associate is responsible for resolving a portfolio of performing and specially serviced loan issues with the direction of a Senior Vice-President or the Team Leader.   The Senior Associate is expected to quickly identify issues and seek guidance from the Team Leader.

Job Duties and Responsibilities:

•           Manage independently, performing loan issues (“NT”) and specially serviced loan (“SS”) of varying complexity to ensure that these assets are effectively and expeditiously resolved, with the direction of a Senior Vice-President or the Team Deader.  At times, assignments will include a support role to a Senior Vice-President or Vice President on complex transactions.

•           For assigned NT assets, and other NT assets as directed, prepare Recommendation Memorandums on Assumptions, Transfer of Interest, Partial Releases, Defeasance Requests, Loan Modifications, Earnout Requests, and other requests as assigned.

•           For assigned SS assets, and other SS assets as directed, establish workout strategies and prepare OA’s demonstrating an understanding of negotiations, the loan documents, the collateral held for the loan, the value of the collateral, the factors that affect value, the markets the collateral is in, legal issues that may affect the loan or collateral, and any Borrower or Sponsor issues.

•           Maintain and utilize LPAMS (LNR’s data system) for assigned assets.  Track and analyze loan and property-level information, including financial statements, on all types of commercial real estate located across the U.S.

•           Underwrite both CMBS and whole loan assets for new acquisitions, or for third-parties

•           Work with both inside and outside counsel to identify and resolve potential legal issues to efficiently and effectively resolve assets, while minimizing time and expense for all assigned assets and other assets as directed.

•           Prepare select property & loan valuations, and model proposed loan restructurings, in LNR’s proprietary cash flow model for review by Team Leader (including gathering market data and speaking with local sources).

•           Coordinate with Loan Servicing Department, the preparation of payments history and loan balance information, and review         servicing numbers for accuracy against loan documents.

•           Interaction with brokers and other third parties, as necessary.

•           Ad-hoc and miscellaneous projects that pertain to the efficiency of the Loan Asset Management Department.

•           Supervise, utilize and mentor loan Analysts to increase efficiency.

•           Maintain confidentiality.

Knowledge and Skills:

•           Excellent organizational skills.

•           Ability to work on multiple tasks with multiple people.  Self-starter and self-motivated.

•           Prior financial analysis, preferably in real estate, or other applicable real estate background.

•           Strong verbal and written communication skills.

•           Good computer skills including Word and Excel.

Education and Experience:

•           Bachelor’s degree in related field, with graduate degree in Business or Law preferred.  

•           Minimum of 5 to 6 years related work experience.