AmeriNat · 21 hours ago
Director of Commercial Loan Asset Management
Palatine, IL
Full-time
Onsite
Lead/Staff, Director/Executive
$180K/yr - $220K/yr
12+ years expAmeriNat is a company focused on commercial loan asset management, and they are seeking a Director to oversee and direct these efforts. The role involves managing client relationships, developing policies for portfolio management, and ensuring compliance with regulations while optimizing workflow processes.
Asset ManagementConsultingFinanceFinancial Services
Hiring Manager
Jackie Mena
Responsibilities
Meet the contractual obligations related to commercial loan asset management in accordance with the agreed upon terms and to the satisfaction of the client
Must possess communication and personal skills fitting to the firm’s largest clients, which this position will directly interface with
Establish and maintain processes and procedures for commercial loan asset management supporting achievement of our contractual obligations to servicing and asset management
Responsible for the oversight, quality and accuracy of commercial loan asset management activities
Be proficient with use of technology including Microsoft office suite and commercial servicing and asset management systems. In cooperation with the Commercial Servicing team and the firm’s Business Analysts, ensure loan systems are built out, maintained, and functioning as intended
Directs efforts to carry out activities in accordance with documented policies and procedures
Serve as a main point of contact for clients and other counterparties for the firm’s asset management activities, including sufficiently addressing inquiries from senior management, clients, and borrowers, as necessary
Ensure commercial loan asset management staff is educated properly on regulations and policies affecting the performance of their responsibilities
Responsible for continuous examination of procedures, increasing efficiency, reducing errors, and optimizing workflow processes
Expected to develop and maintain production reports that serve to assist with analyzing and managing department volume, capacity, and efficiency
Responsible for managing and maintaining changes in policies, procedures, and processes that support ongoing compliance with laws and regulations, and to achieve company desired operating results
Regularly exercise discretion and independent judgment on critical business matters that can have a significant financial and operational impact on AmeriNat
Assist senior management and marketing with new business development
Attend management meetings as designated, support AmeriNat’s strategic plan and business operating goals
Establish and maintain regular contact with borrowers within assigned portfolio, including underperforming and nonperforming credits
Maintain reporting for assigned portfolios
Negotiate with Borrowers to secure collateral or assets as appropriate and necessary
Assist in preparing and executing loan workout strategies to ensure optimal asset recovery in accordance with client objectives
Assist with initiating foreclosure proceedings and engaging and working with receivers to ensure optimal collections and minimize any decline in collateral value
Review and interpret commercial loan documents to ensure servicing and covenant compliance for commercial credits in senior and subordinate positions in accordance with agreed upon terms
Report and actively pursue resolution of past due items and matters of default in accordance with agreed upon terms
Responsible for supervision and development of staff, including mentoring, educating, motivating, and evaluating commercial and asset management staff in accordance with corporate policy
Manage and delegate responsibilities to ensure asset management responsibilities are performed in accordance with contractual obligations
Creates an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision‐Mission‐Values and our Goals and Objectives “VMVGO”
Manages the department’s staff including appropriate employee evaluations that identify employee strengths and weaknesses; assures training and coaching to improve staff professional skills; and provide customer service on an internal and external basis
Directs and coaches staff as needed
Proposes and then implements the annual department goals, and employee goals; periodically measures actual departmental/employee performance to the goals
Assesses the developmental needs and career paths of staff and make recommendations for their advancement as appropriate
Possess a high degree of independent judgment that will be heavily relied upon by SVP Multifamily Services as well as clients
Will make frequent decisions on corporate and employee matters, customer service issues, problems, and complaint resolution
Will make frequent business judgments on matters critical to the firm
Qualification
Required
A Bachelor's Degree from a college or university with a major in Business, Accounting or Finance is preferred
12+ years of related experience with commercial lending and collection experience
Thorough knowledge of asset management for commercial mortgages and other commercial credits, including substantial work out experience
Experienced with commercial loan documentation, including but not limited to, documents perfecting collateral interests, loan agreements, promissory notes, allonges and assignments. Must have the ability to interpret and convey documented terms to assist in rendering decisions
Ability to understand financial statements of commercial borrowers and the impact of their financial capacity on their ability to borrow and repay
Ability to communicate as a professional in writing and verbally to senior management and external clients
Good working knowledge of Microsoft Office Suite, including Outlook, Word, and Excel
Attention to detail and ability to simultaneously manage multiple tasks and priorities
Strong analytical problem-solving skills
Must be able to produce at a high level under limited supervision and meet imposed deadlines in a fast-paced demanding environment
Benefits
401k
Performance incentives
Paid medical
Life and long-term disability
Dental
Vacation
Sick and holiday pay
Opportunities for advancement
Company
AmeriNat
AmeriNat offers loan servicing, asset management, and consulting services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Jody Montgomery
Chief Technology Officer
Shaunda Clark
Chief Financial Officer
Company data provided by crunchbase