Asset Management Analyst - Multifamily

Description:

The Asset Management Analyst, IRE is responsible for providing broad analytical, reporting and administrative support to the IRE Asset Management team. This role will provide the Asset Management Analyst with exposure to various types of loan products to finance multifamily housing and credit analysis skills to assess the ongoing performance of the underlying assets that are necessary for a successful career in real estate finance.

Main responsibilities include the accurate onboarding of newly closed loans and spreading and review of quarterly property financial statements through Merchants Capital’s System of Record. The Asset Management Analyst is an individual contributor role with some client-facing communication responsibilities.

A successful Asset Management Analyst in IRE Asset Management will be able to multitask to meet competing deadlines, be able to apply critical thinking in their analysis of ongoing property performance, escalate potential credit issues and be able to adapt well to changes in processes, procedures and technology.

Requirements:

• Spread and analyze quarterly financial statements.
• Support the Asset Manager in tracking the required financials from Borrowers & Guarantors.
• Assist the Asset Management Team with the onboarding of newly closed loans and collect executed closing binder from Loan Closing.
• Conduct annual and bi-annual testing of financial covenants on applicable loans.
• Support the Asset Managers in quarterly Loan Grading of the IRE portfolio.
• Assist in the completion of quarterly Asset Summary Reports for deals that are participated, in debt funds or securitized.
• Monitor property occupancy through rent roll analysis.
• Assist in drafting credit memos for loan extensions, modifications, property management changes, etc.
• Work closely with Tax and Insurance on annual escrow analysis.
• Follow up internally and externally for required deliverables to remain in compliance with loan documents.
• Assist in pulling due diligence documentation for upcoming securitization efforts by Capital Markets or in connection with audit requests.
• Coordinate loan payoff with the Payoff team.
• Conduct periodic site inspections.
• Assist with other ad-hoc requests as needed.

Expected Experience, Skills, and Education:

• Requires strong analytical skills for reviewing and analyzing financial statements.
• Requires strong written and verbal communication with colleagues and clients and the ability to work collaboratively and independently.
• Requires excellent time management and organizational skills and a detailed approach to completing daily tasks.
• Minimum of 1-3 years of relevant professional work experience with an emphasis on financial analysis, general loan administration, and/or real estate development financial management.
• Bachelor’s degree preferred but a high school diploma or GED from an accredited institution accepted with 1 to 3 years of relevant professional work experience with an emphasis in financial analysis, general loan administration, and/or real estate development financial management.

Our Benefits

Merchants offers a comprehensive package of benefits for eligible employees, including, but not limited to: 401(k) employer contributions; employee stock ownership plan (ESOP); medical, dental and vision insurance; various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability; health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance; telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program. Eligibility for benefits is governed by the applicable plan documents and policies.

ABOUT MERCHANTS CAPITAL

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.