Asset Manager
| Company | Jones Lang LaSalle (JLL) |
|---|---|
| Location | Houston, TX, USA, Tampa, FL, USA, Pittsburgh, PA, USA, Kansas City, KS, USA, St Paul, MN, USA |
| Salary | $80000 – $100000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- 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 and mitigate risk
- Excellent attention to detail
- Ability to audit own work
- Ability to work independently and in teams
- Ability to travel as needed
Responsibilities
- Actively monitor all aspects of property level risk using both internal and external sources for assigned portfolio
- Review, analyze, and approve annual and quarterly financial statement analysis for an assigned portfolio of multifamily and senior housing properties in accordance with JLL’s best practices and the requirements of HUD and other investors
- Monitor REAC Inspection Reports and follow-up with borrowers when necessary
- Communicate loan dynamics, property findings and trends with
- Review and approve releases from all escrows including replacement reserves, repairs, insurance loss, rental achievement, etc., based on JLL best practices and HUD requirements.
- Perform a quality assessment for new loan set up for assigned portfolio
- Process Consent Requests such as easements, partial releases, management changes, insurance losses, etc pursuant to loan documents and investor requirements
- Prepare reports and respond to inquiries as required by HUD and JLL
- Identify and evaluate troubled markets and sub-markets within assigned portfolio and communicate findings to Asset Management
- Oral and written communication with JLL management, agencies, borrowers, management companies, and investors, as required
- Attend departmental related meetings as requested.
- Attend conference calls and conferences, as required
- Cross train within team and department, as needed
- Seek out new business opportunities and promote JLL to potential clients.
- Assist in developing and writing internal policies and procedures, as required.
- Proactively analyze portfolio to identify potential refinancing opportunities and provide recommendations to the Production team
- Work closely with clients regarding operational, physical, economic and loan covenant issues
- Utilize HUD handbooks, mortgagee letters, and all available resources to stay current with HUD requirements.
- Stay apprised of industry related changes and developments
- Other duties as deemed necessary.
Preferred Qualifications
- Undergraduate degree preferred with a minimum of 5-7+ years in Real Estate, Finance, Accounting, Business or equivalent work experience
- HUD experience preferred
- Proficiency in Microsoft Office
- Strong customer service skills (written and verbal)