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Lument · 2 weeks ago

Senior Associate, Asset Management

New York, NY

Full-time

Hybrid

Mid, Senior Level

$95K/yr - $115K/yr

3+ years exp

Lument is a company focused on asset management, and they are seeking a Senior Associate to manage a portfolio of Life Insurance Company and/or CMBS loans. The role involves ensuring compliance with loan documents, monitoring property performance, and preparing reporting packages.

Commercial Real EstateFinanceReal Estate

H1B Sponsor Likely

Responsibilities

Manage day-to-day servicing activities for a portfolio of commercial mortgage loans (on-book LifeCo loans, participation structures, and various other serviced loans)

Monitor property performance through review of rent rolls, operating statements, YTD/Trailing financials, and borrower financial reporting

Monitor loan covenant compliance, including DSCR, NOI trends, lease reviews, occupancy thresholds, loan-to-value, covenant tests, and various other reporting requirements

Monitor physical condition of property collateral by reviewing or conducting property inspections. Follow up with borrower for completion of any required repairs, ensuring completion

Evaluate performance of the assigned portfolio by assigning a risk rating for each asset within your portfolio. These risk ratings will be presented by you and reviewed and approved by upper-level management

Prepare internal/external reporting packages, including portfolio performance dashboards and risk assessments

Coordinate receipt of any post-closing borrower request/transaction, including such things as loan assumptions, transfers of interest, easement agreements, etc

Initiate necessary changes to servicing system, add to loan documents list in system, and notify other departments as applicable

Set and track appropriate workflow items for follow-up or future/pending changes as applicable

Crosstrain in all areas of department to gain full understanding of all aspects of departmental responsibilities

Perform any other task assigned by manager or as may be needed by the team

Qualification

Commercial mortgage servicingAsset managementFinancial analysisMicrosoft ExcelAnalytical skillsInterpersonal communicationOrganizational skillsTeam collaboration

Required

Bachelor's degree with an emphasis in Finance, Real Estate or Business desired

At least three years of experience in commercial mortgage servicing/asset management, with a strong emphasis on Life Co. experience or institutional CRE lenders

Excellent interpersonal and written and oral communication skills

Excellent organizational and analytical skills

The ability to work well under pressure, adjust to varied work loads and handle multiple priorities, with a sense of urgency

The ability to work independently and yet function as a highly effective member of the team

Intermediate to high level PC skills, particularly in Microsoft Excel and Word

Benefits

Cash bonuses

Long term incentives

Health insurance

Accident and life insurance

Retirement benefits

Competitive vacation policy

Floating personal holidays

Extensive leave options

Annual observed holidays

Infertility coverage

Adoption support

Child and elder care

Fully paid maternity

Generous parental leave benefits

Company

Lument

Lument offers custom capital solutions for investors in the multifamily, affordable housing, healthcare and commercial real estate sector.

Founded in 2012

New York, New York, USA

501-1000 employees

https://www.lument.com

H1B Sponsorship

Lument has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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Trends of Total Sponsorships

2022 (1)