remote type On-site locations Tampa, FL Pittsburgh, PASt. Paul, MN Dallas, TX Houston,
type Full time
job requisition idREQ353846
JLL supports the Whole You, personally and professionally.
Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and personalized benefits to manage life in and outside of work. Whether you’ve got deep experience in commercial real estate, skilled trades, and technology, or you’re looking to apply your relevant experience to a new industry, we empower you to shape a brighter way forward so you can thrive professionally and personally.
Asset Manager Position Overview:
The Asset Manager will be responsible for a wide variety of work related to processing Transfers that involve a change of ownership in our Borrower organization structures and Loan Assumptions from the sale of a Property that require Lender Consent from Fannie Mae and Freddie Mac.
Responsibilities will include but are not limited to providing a quantitative and qualitative analysis of the proposed transaction, requiring Lender consent in accordance with JLL policies and procedures and lender’s Servicing Standard. The Asset Manager will proactively manage the life cycle of the request to ensure that exceptional service is provided to internal and external clients, while processing and mitigating risk and simultaneously managing multiple requests at different stages of the process. Reviews include but are not limited to a review of the loan documents, loan history and performance, property operational history and performance, 3rd party report reviews, including physical needs assessments and environmental reports, site inspections, credit analysis, organizational documents, and legal memos.
Prior experience with Fannie Mae and Freddie Mac and knowledge of affordable housing relating to Low Income Housing Tax Credits (LIHTC) preferred.
Responsibilities and Duties:
- Manage the life cycle of a Transfer Request, from initial contact with Borrower through the close out of the transaction.
- Manage Buyer/Seller expectations, mitigate issues, ensure that reviews are on schedule.
- Communication with Senior Management and Producers regarding the status of the requests.
- Manage and mentor other team members to determine the scope of work that is required to process the transaction, taking into consideration JLL and lender’s Servicing Standard, Loan Documents, Loan Product and Guide requirements.
- Provide oversight over team workflows that includes engagement, collection of due diligence materials, ordering reports, engaging counsel and managing both Agency and JLL system requirements.
- Assess Transferees organizational capacity to assume obligations by reviewing real estate experience, financial capacity, credit worthiness, etc.
- Prepare a thorough underwriting narrative that includes a description of the proposed transaction, purchase and sale, loan history, review and analysis of 3rd party reports, a property operational review, market analysis, proposed management changes, proposed loan modifications, loan document requirements, legal review/issues, proposed organization structure/documents, a complete credit worthiness evaluation and make a final recommendation for approval
- Identify potential risks and/or problems and understand the big picture implications
- Provide mitigants for identified risks.
- Develop and maintain strong relationships with Agency personnel and build New Sponsor relationships.
- Interfaces and collaborates with colleagues to review, underwrite, and close the transaction.
- Provide support to Asset Managers, Underwriting and Production as needed
- Interface and provide support to JLL originations teams to facilitate Intercreditor document execution
- Other duties as assigned
Qualifications:
- Knowledge in Multifamily real estate knowledge a must
- Knowledge of underwriting practices, loan servicing, closings, loan surveillance, credit analysis
- Background with Fannie Mae, Freddie Mac multifamily real estate, a plus
- Must be proficient in Microsoft Excel and Word
- Strong math, analytical, verbal, writing and organizational skills
- Exceptional time management skills, with ability to perform under demanding deadlines, multitasking and working on a very high work volume
- Ability to deal directly with clients and lenders in a professional manner, work independently and in a team environment
- Bachelor degree preferred
#LI-EL
Location:
On-site –Dallas, TX, Houston, TX, Pittsburgh, PA, St. Paul, MN, Tampa, FL
Job Tags:
CMG
If this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table!
Personalized benefits that support personal well-being and growth:
JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:
- 401(k) plan with matching company contributions
- Comprehensive Medical, Dental & Vision Care
- Paid parental leave at 100% of salary
- Paid Time Off and Company Holidays
- Flexible and Remote Work Arrangements may be available
JLL Privacy Notice
Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.
For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.
For additional details please see our career site pages for each country.
For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here.
This position may require you to be fully vaccinated against COVID-19. If required, you’ll be asked to provide proof that you’re fully vaccinated upon your start date. You’re considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination.
Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may contact us at Accommodation Requests. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.
Accepting applications on an ongoing basis until candidate identified.
https://jll.wd1.myworkdayjobs.com/en-US/jllcareers/job/Asset-Manager_REQ353846
