Asset Manager, Bridge Team – Commercial Real Estate Finance Northmarq – Dallas, TX   At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!    Northmarq is looking for an individual to join its Servicing department as an Asset Manager for bridge and construction loans. This position requires a deadline-driven, service-focused, and detail-oriented individual who will be responsible for underwriting borrower consent requests, mentoring and training others within the department, calculating/coordinating loan payoffs, new loan audits, financial statement and rent roll analysis, watchlist mentoring, reserve disbursement request, processing insurance losses, and satisfying investor requirements. The focus will be on commercial mortgage risk management and customer service. Additional responsibilities may be added to align with department strategies and objectives.   *This position is an in-office position, with an immediate start date.   Position Responsibilities:

• Provide premier customer service to lenders, borrowers, and other servicing staff and regional offices.
• Manage a diverse portfolio of complex bridge/construction loans consisting of both ground-up and renovation projects.
• Review and approve monthly construction loan advances in accordance with funding priority, lender requirements, and business plans; confirm the adequacy of the overall sources and uses in the development budget for construction details through project completion, lease-up and stabilization.
• Proactively manage borrower relationships and ensure adherence to terms and conditions of the loan documents; take a leadership role in problem-solving and resolving any budget shortfalls or past due issues in a timely manner.
• Underwrite and make recommendations for lender consent of borrower requests, including lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.
• Coordinate with legal counsel and borrowers to document and close transactions upon final lender approval.
• Provide training and mentoring across the team on areas of expertise including risk management, underwriting and general commercial real estate knowledge.
• Just team members on advanced or complicated consent requests.
• Calculate and coordinate loan payoff requests, including yield maintenance and/or exit fee calculations.
• Assist manager(s) with monitoring team tasks, reviewing write-ups/recommendations, quality control, and lender feedback.
• Analyze annual and quarterly financial statements for multi-family and Commercial properties in accordance with the requirements of Freddie Mac and conduit lenders.
• Follow up with borrowers regarding variances and general income and expense questions.
• Perform financial covenant testing calculations including NOI, DSCR, debt yield, sponsor liquidity and net worth, etc. 
• Review property repair verification inspections conducted by third-party vendors and Regional offices.
• Follow up with borrowers to resolve any post-closing deferred maintenance items or other high-risk items identified during the annual inspection.
• Process insurance loss requests, manage proceeds, and monitor the restoration of the property.
• Review and make recommendations for leases from reserves including capital expenditure, repair, debt service reserve, rental achievement, TI/LC, and insurance loss.
• Monitor and update monthly loan reports utilized by lenders and management to analyze portfolio risk.
• Audit new loan boarding and set up to ensure loan terms and covenants were accurately captured in the Servicing system.
• Monitor and collect outstanding mortgage payments, carefully documenting collection efforts.
• Minimal business travel for lender visits, industry/company conferences, etc. (1-3 times per year)
• May participate in department strategic initiatives.
• Perform other reasonable tasks/projects as assigned within the department.

What We're Looking For:

• Bachelor's degree, preferably in finance, real estate, or accounting.
• 4 to 6 years of experience in finance or accounting.
• Background and commercial lending or Asset Management preferred.
• Strong skills in Microsoft Outlook, Excel, and Word.
• Strong knowledge of commercial real estate finance and commercial loan terminology.
• Demonstrates strong analytical, asset management, and underwriting skills.
• Demonstrated leadership and training abilities.
• Excellent verbal and written communication skills.
• Strong organizational and prioritization skills, with the ability to manage multiple assignments while meeting deadlines.
• Ability to work both independently and within a team, with minimal supervision.
• Attention to detail and accuracy required.
• Problem-solving skills to reflect the level of responsibilities.
• Ability to maintain sensitive and confidential information.

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more! PDN-9db833d7-da6b-401e-a79d-4b0cc6f55f1f