[Hiring] Asset Analyst @Truist

Role Description

Perform loan administration duties for commercial mortgage loans, on behalf of the lender, with a particular focus on the collateral (typically income-producing, real estate). Support the processing of borrower requests, as well as the general enforcement of loan documents.

• Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income-producing properties and sponsors, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements.
• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance. Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).
• Support the analysis, underwriting and recommendation of various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales/assumptions and consent to tenant leases.
• Analyze and process borrower requests for releases of funds from various reserve accounts, including but not limited to reserves for replacing capital items, reserves for leasing commissions and tenant improvements, and holdbacks for repairs or improvements.
• Analyze and support the processing of proceeds from insurance loss claims.
• Support the collection of delinquent loan payments, as well as the reporting of same.
• Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records, collateral-and borrower-related records, or other relevant records.
• Identify and report borrower breaches of loan document requirements and report to managers of the department.

Qualifications

• Bachelor’s degree or equivalent education and related training
• Good written and verbal communication skills
• Ability to efficiently and consistently produce accurate work
• Basic understanding of loan accounting concepts, including interest accrual methodologies and amortization
• Ability to read and comprehend most provisions of common commercial real estate loan documents
• Demonstrated proficiency of basic computer skills, such as Microsoft applications
• Basic-level skills with Adobe Acrobat (i.e., creation and manipulation of .PDF files)
• Ability to travel, occasionally overnight

Requirements

• One year of experience with commercial real estate finance
• Working knowledge of the commercial lending programs of Life Insurance Co lenders, Fannie Mae, Freddie Mac and Commercial Mortgage Backed Securities (CMBS) conduits, including the roles and responsibilities of servicers
• Working familiarity with commercial property operating statements
• Basic knowledge of engineering, architectural and landscape maintenance concepts, as they relate in a practical manner to commercial structures
• Basic knowledge of the commercial building construction process, and construction lending
• Basic knowledge of real estate law concepts

Benefits

• Medical, dental, vision, life insurance, disability, accidental death and dismemberment
• Tax-preferred savings accounts and a 401k plan
• No less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment
• 10 sick days (also prorated) and paid holidays
• Eligibility for defined benefit pension plan, restricted stock units, and/or a deferred compensation plan depending on the position and division