CIM Group is looking for an Asset Manager to join us in an exciting opportunity for CMCT. This Asset Manager will be a part of our loan servicing, responsible for overall management of assigned portfolio of loans and debt. Focus on relationship building and maintenance with customers, borrowers, banks, and internal stakeholders, as well as general loan client servicing
ESSENTIAL FUNCTIONS:Oversee assigned portfolio of loans and debt, acting as primary point of contact for all stakeholders, including borrowers. Partner with lending group to effectively administer the management of assigned relationshipsOversee and review all requests for disbursement of funds pursuant to lending agreements and generate or review all necessary documentation prior to submission for disbursementReview reporting and all data pertinent to assigned portfolio to monitor status and provide regular update to stakeholders. Review and look for areas to improve efficiency and quality of service deliveryEnsure accuracy of all data and information entered into loan platform pertaining to lending activitiesOversee and continuously monitor all compliance activities related to assigned lending portfolio and ensure all requirements are met.Review and track all lien waivers and title updates and endorsementsEnsure appropriate set-up and maintenance of all required bank accounts tied to assigned portfolioAct as primary contact for coordination of activities with senior lendersCoordinate all pass-through expenditures and interest invoices, and manage the accounts receivable tied to assigned portfolio.
EDUCATION/EXPERIENCE REQUIREMENTS: Bachelor's degree in Finance, Accounting, or related field5-7 years’ experience in loan servicing and administrationPrior experience in mezzanine debt and construction lending a plusAbility to read, analyze and interpret complex agreements.Ability to communicate effectively, both written and verbal.Ability to effectively present information to customers, clients and other employees of the organization.Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and concepts such as exponents, logarithms, quadratic equations and permutations.Ability to apply mathematical operations to such tasks as frequency distribution, reliability and validity, analysis of variance, correlation techniques, sampling theory and factor analysis.Proficient in Microsoft Office, especially Excel and Word.Demonstrated knowledge of GAAP accounting.