Houston, TX, USA
12 days ago
Asset Manager - Asset Management

JLL empowers you to shape a brighter way.  

Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people  and empowering them to  thrive, grow meaningful careers and to find a place where they belong.  Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.   

The Asset Manager role will be responsible for tracking and review of all Asset Management-related duties for a defined Fannie Mae portfolio of Borrower and Production Officer relationships.  Time management, organization and attention to detail will be applied independently at all times to ensure exceptional customer service is provided to both internal and external clients (including Borrowers, Production Officers and Lender).  Proactive asset management of a defined portfolio will ensure internal and external due dates are consistently met for all loan covenants, Borrower requests and periodic reporting requirements.  The Asset Manager will keep management informed of any elevated risk or potential events of default, as necessary.  Recommendations for mitigating potential risk will be made based on research, due diligence reviews and prior industry experience.  The Asset Manager will foster strong working relationships with Asset Management Analysts to improve their commercial real estate knowledge.

Essential Functions:

Actively monitor all aspects of property level risk using both internal and external sources for your assigned portfolio of Fannie Mae loansProvide excellent customer service to external and internal clients, including Borrowers, by providing prompt responses to inquiries and being the primary point of contact to Borrowers.Identify risk factors and trends and accurately memorialize these issues and a plan of action to address for Lender reviewReview and approve annual and quarterly financial statements for assigned portfolio within a specified period.Conduct and review/approve annual property inspections nationwide (as required) and follow up on any deferred maintenance and other noted issues during the site visitProactively analyze assigned portfolio to identify potential refinancing opportunities and provide recommendations to the Production team Make recommendations to elevate materially declining loans or breach of loan covenantsMonitor watchlist loans and provide updates to leadership during monthly watchlist meetingsFrequent communication with clients regarding operational, physical, economic and loan covenant issuesProperly document loan dynamics, property findings and trends in accordance with JLL best practicesReview and approve releases from all escrows to include: replacement reserves, repairs, insurance loss, rental achievement, etc., based on JLL best practicesProcess property management changes and monitor insurance losses. Review the onboarding of new loans into our primary Servicing systemMonitor Special Request processing with Transaction Management team on all client requests such as transfers, easements, partial releases, etc. including review and submission of overflow lender consents as neededParticipate in Asset Management related meetings as requestedStay apprised of Industry related changes and developmentsOther duties as deemed necessary

Qualifications Required:

Strong Microsoft Excel and Word proficiencyStrong math, verbal, writing, and organizational skillsStrong time management skills and ability to operate under demanding deadlinesAbility to multitask and work on several transactions simultaneouslyAbility to recognize riskExcellent attention to detailAbility to work independently and in teamsAbility to travel as needed

Required Skills:  Undergraduate degree preferred with a minimum of 5-7+ years in Real Estate, Finance, Accounting, Business or equivalent work experience.

Location:

On-site –Dallas, TX, Houston, TX, Pittsburgh, PA, St. Paul, MN, Tampa, FL

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

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.

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