[Hiring] Asset Manager @The Community Preservation Corporation

Role Description

The Asset Manager is responsible for managing a portfolio of Small Balance, Conventional, and Affordable multifamily loans, ensuring compliance with Investor requirements and CPC standards. This role focuses on loan-level oversight, risk assessment, collateral monitoring, borrower engagement, and timely execution of servicing activities that support strong credit quality and operational performance. Working under the guidance of senior team members, the Asset Manager develops expertise in Agency servicing and asset management practices while supporting the administration of performing loan relationships. The position is responsible for day-to-day portfolio management activities, identifying potential risks, and escalating issues as appropriate to support effective portfolio oversight and Investor compliance.

What You’ll Do

• Manage a portfolio of approximately 110+ SBL, Conventional, and Affordable Agency loans.
• Monitor loan, property, and borrower performance to identify emerging risks, operating concerns, and compliance issues.
• Review financial statements, rent rolls, operating budgets, and other borrower reporting to evaluate asset performance and identify potential risks.
• Prepare monthly watchlist comments, risk assessments, and asset-level summaries to support risk management activities.
• Review and process borrower requests, including management changes, reserve disbursements, easements, and other servicing-related actions in accordance with Investor guidelines.
• Monitor collateral condition through review of property inspections and coordinate with borrowers to ensure timely completion of required repairs and corrective actions.
• Analyze delinquency trends, upcoming maturities, loan covenant compliance, and property condition to support proactive portfolio management.
• Assist in the preparation and submission of borrower consent requests for Investor approval, including the compilation of supporting documentation.
• Review loan documents and servicing records to verify compliance with loan terms, Investor requirements, and internal procedures.
• Partner with Servicing, Legal, Closing, Origination, and other internal stakeholders to resolve loan-level issues and support efficient portfolio administration.
• Maintain accurate loan data, servicing records, and documentation within servicing and asset management systems.
• Escalate material credit, operational, legal, or compliance concerns to senior team members as appropriate.

Qualifications

• Bachelor's degree in a Business, Finance, Real Estate, or a related field preferred.
• 4+ years of experience with a focus on Fannie Mae and/or Freddie Mac Multifamily portfolio preferred; open to candidates with 2–3+ years of strong, directly relevant experience in commercial real estate asset management, loan servicing, underwriting, credit analysis, portfolio management, commercial lending, or a related field.
• Familiarity with Fannie Mae and/or Freddie Mac Multifamily programs and servicing requirements preferred.
• Basic understanding of multifamily real estate fundamentals, including property operations, financial performance, ownership structures, and market dynamics.
• Ability to review and analyze financial statements, operating budgets, rent rolls, and other borrower reporting to identify performance trends and potential risks.
• Demonstrated ability to manage multiple projects and assignments, meet deadlines, communicate effectively, and build strong professional relationships.
• Strong analytical and problem-solving skills with the ability to exercise sound judgment and recommend appropriate risk mitigation.
• Ability to work both independently and collaboratively within cross-functional teams while maintaining a high degree of accuracy and attention to detail.
• Proven commitment to data integrity, compliance, documentation standards, and operational excellence.
• Excellent oral and written communication skills.
• Ability to travel, as necessary.

Benefits

• Competitive compensation
• 401(k) retirement plans with employer match
• Medical, dental, and vision benefits for employees and their dependents
• Commuter benefits
• PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
• Tuition assistance program
• Two “work from anywhere” weeks per year
• Summer Fridays
• Collaborative working spaces
• Service days to support our communities
• Employee development and engagement events