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NewPoint Real Estate Capital · 2 months ago

Asset Manager - Covenants

Plano, TX, US

Full-time

Onsite

Mid Level

3+ years exp

NewPoint Real Estate Capital is seeking a Covenant Asset Manager responsible for ensuring timely collection, review, and analysis of borrower operating statements. This role is critical for maintaining compliance with financial covenants and involves performing various financial analyses and reporting on loan loss reserves.

ConsultingFinancial ServicesReal Estate Investment

Responsibilities

Monitor quarterly and annual reports to identify received operating statements on covenant loans

Review and approve financials for completeness and accuracy; follow up with analysts or asset managers to resolve unexplained variances

Perform DSCR calculations as defined in the loan agreement, including:

Manual amortization calculations for interest-only loans

Trailing 12 or 6-month manual aggregation of monthly operating statements

Create forward-looking pro forma analysis when required

Consolidation of property-level data for multi-property loans

Enter DSCR results into the Enterprise system with detailed commentary on methodology and outcome

Flag and escalate covenant failures to the Asset Managers and initiate follow-up actions as needed

Reference and update the manual Guarantor Tracker to verify receipt of financials

Manually aggregate Net Worth and Liquidity figures across multiple guarantors

Document which guarantor statements were used to pass the covenant and enter results into the system

Responsible for updating and running the Specific Loan Loss Reserve model quarterly

Identify new additions to the Specific Loan Loss Reserves and research the root cause

Update the status of loans listed in the Loan Loss Reserve that have previously been included on the reserve schedule

Update the Specific Loan Loss Reserve power point presentation

Work with Technology support to update the model as needed

Qualification

Loan servicing experienceCommercial real estate financeFinancial analysisEnterprise system knowledgeExcel proficiencyCustomer service focusLeadership skillsProblem-solving abilitiesCommunication skillsInterpersonal skillsOrganizational skills