Description
SUMMARY
The Construction Asset Manager position is responsible for interaction within our internal organization, borrowers, and other external customers including FHA and Ginnie Mae. The position requires the demonstrated ability to independently perform: preparation of formal written presentations analyzing a wide spectrum of issues relating to both loan and property-level requests, delivery of the highest level of customer service to both internal and external clients, prepare detailed financial analysis, modeling and commercial mortgage underwriting duties, abstracting of loan and transactional documents, varying levels of supervision of analysts in the department including - quality control related to written presentations, financial analyses, property inspections, and other items, functions; market / sub-market research and presentation; oversight and training; and review and amendment as appropriate of written presentations authored by others. All duties are conducted in support of and under the supervision of the Director.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Responsible for monitoring the performance of loans within the FHA Construction Loan portfolio.
• Serve as primary point of contact for the FHA Construction Loan portfolio, communicating issues and updates to management, FHA and Ginnie Mae were appropriate.
• Provide excellent customer service and problem resolution for borrower and internal customers.
• Review and interpret loan documents and monitor compliance with FHA and Ginnie Mae regulations.
• Review, prepare and approve as appropriate, borrower requests for lender and/or FHA consent relating to a wide variety of issues involving FHA construction loans including but not limited to monthly requisitions for loan funds, advances of various escrow funds, budget line item reallocation, change orders, permission to occupy, property management changes, easements, change of mortgagor, transfers of interest, other ad hoc requests and real estate related transactions in coordination with the local HUD office.
• Monitor borrower completion of special conditions items required by FHA prior to converting the construction loan to permanent status, including but not limited to pre-occupancy conference, radon testing, review of cost certification audits, and other items in coordination with the local HUD office.
• Closely work with respective Director and team members to administer all issues relating to monitoring, preserving, and enhancing the investment profile of FHA construction loans and their underlying collateral.
• Demonstrates ability to identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks.
• Responsible for managing and reviewing monthly Watch/Monitor list reports and any other specific FHA Construction Loan Portfolio reporting requirements.
• Coordination of monthly GNMA securitizations and final endorsement.
• Conducts property inspections of construction work in progress in coordination with or in addition to the assigned HUD inspector and/or 3rd party inspector.
• Training and support of team members in fulfillment of activities performed on behalf of clients and customers.
• Provide review, amendment, and guidance involving the work product authored by other team members.
SUPERVISORY RESPONSIBILITIES
Indirect supervisory role of team members to assist in optimizing the services performed on behalf of clients and customers.
QUALIFICATIONS
To perform this job successfully, an individual must have demonstrated the ability to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The requirements listed below are representative of the knowledge, skill, and/or abilities requisite to this position:
1. Exceptional professional writing and verbal communication skills are essential.
2. Detailed underwriting capabilities and an understanding of commercial and construction real estate asset types.
3. Ability to work in a fast-paced environment and simultaneously manage and effectively prioritize numerous complex transactions and issues.
4. Detail oriented and dedicated to accuracy.
5. Excellent organizational skills.
6. Strong problem resolution skills.
7. Demonstrated abilities to independently perform assigned duties.
8. Abilities to provide guidance and direction to team members.
9. Strong computer skills.
EDUCATION and/or EXPERIENCE
Bachelor's degree from a four-year university; three or more years of experience with underwriting or asset management of commercial real estate; or equivalent combination of education and experience.
COMMUNICATION SKILLS
MATHEMATICAL SKILLS
REASONING ABILITY
CERTIFICATES, LICENSES, REGISTRATIONS
None
COMPUTER SKILLS
Proficient in common Microsoft applications including Excel and Word.
Bonus Eligible:
*Colorado Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Agency Asset Manger position is $90,000 annually and the maximum salary for the position is $150,00 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.
The Construction Asset Manager position is responsible for interaction within our internal organization, borrowers, and other external customers including FHA and Ginnie Mae. The position requires the demonstrated ability to independently perform: preparation of formal written presentations analyzing a wide spectrum of issues relating to both loan and property-level requests, delivery of the highest level of customer service to both internal and external clients, prepare detailed financial analysis, modeling and commercial mortgage underwriting duties, abstracting of loan and transactional documents, varying levels of supervision of analysts in the department including - quality control related to written presentations, financial analyses, property inspections, and other items, functions; market / sub-market research and presentation; oversight and training; and review and amendment as appropriate of written presentations authored by others. All duties are conducted in support of and under the supervision of the Director.
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Responsible for monitoring the performance of loans within the FHA Construction Loan portfolio.
• Serve as primary point of contact for the FHA Construction Loan portfolio, communicating issues and updates to management, FHA and Ginnie Mae were appropriate.
• Provide excellent customer service and problem resolution for borrower and internal customers.
• Review and interpret loan documents and monitor compliance with FHA and Ginnie Mae regulations.
• Review, prepare and approve as appropriate, borrower requests for lender and/or FHA consent relating to a wide variety of issues involving FHA construction loans including but not limited to monthly requisitions for loan funds, advances of various escrow funds, budget line item reallocation, change orders, permission to occupy, property management changes, easements, change of mortgagor, transfers of interest, other ad hoc requests and real estate related transactions in coordination with the local HUD office.
• Monitor borrower completion of special conditions items required by FHA prior to converting the construction loan to permanent status, including but not limited to pre-occupancy conference, radon testing, review of cost certification audits, and other items in coordination with the local HUD office.
• Closely work with respective Director and team members to administer all issues relating to monitoring, preserving, and enhancing the investment profile of FHA construction loans and their underlying collateral.
• Demonstrates ability to identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks.
• Responsible for managing and reviewing monthly Watch/Monitor list reports and any other specific FHA Construction Loan Portfolio reporting requirements.
• Coordination of monthly GNMA securitizations and final endorsement.
• Conducts property inspections of construction work in progress in coordination with or in addition to the assigned HUD inspector and/or 3rd party inspector.
• Training and support of team members in fulfillment of activities performed on behalf of clients and customers.
• Provide review, amendment, and guidance involving the work product authored by other team members.
- Other duties and special projects as assigned.
SUPERVISORY RESPONSIBILITIES
Indirect supervisory role of team members to assist in optimizing the services performed on behalf of clients and customers.
QUALIFICATIONS
To perform this job successfully, an individual must have demonstrated the ability to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The requirements listed below are representative of the knowledge, skill, and/or abilities requisite to this position:
1. Exceptional professional writing and verbal communication skills are essential.
2. Detailed underwriting capabilities and an understanding of commercial and construction real estate asset types.
3. Ability to work in a fast-paced environment and simultaneously manage and effectively prioritize numerous complex transactions and issues.
4. Detail oriented and dedicated to accuracy.
5. Excellent organizational skills.
6. Strong problem resolution skills.
7. Demonstrated abilities to independently perform assigned duties.
8. Abilities to provide guidance and direction to team members.
9. Strong computer skills.
EDUCATION and/or EXPERIENCE
Bachelor's degree from a four-year university; three or more years of experience with underwriting or asset management of commercial real estate; or equivalent combination of education and experience.
COMMUNICATION SKILLS
- Ability to read, analyze and interpret loan documents and industry reports.
- Ability to prepare clear, concise, complete, and compelling transactional presentations, reports, and business correspondence.
- Ability to effectively present information to external clients and customers as well as internal management.
- Ability to communicate directions and guidance to others.
MATHEMATICAL SKILLS
- Advanced understanding of the principles of real estate and finance.
- Ability to perform financial calculations.
REASONING ABILITY
- Ability to define problems, collect data, establish facts, and draw valid conclusions.
- Ability to interpret an extensive variety of instructions in written or diagram form and deal with disparate abstract and concrete variables.
CERTIFICATES, LICENSES, REGISTRATIONS
None
COMPUTER SKILLS
Proficient in common Microsoft applications including Excel and Word.
Bonus Eligible:
*Colorado Residents: CBRE carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for the Agency Asset Manger position is $90,000 annually and the maximum salary for the position is $150,00 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on CBRE's applicable benefit program.
CBRE is an equal opportunity/affirmative action employer with a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
NOTE: An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing.
Job Function
Not specified
Job Sector
Not specified
Experience
N/A
This job is no longer active.