Senior Asset Manager

This is a fully remote position, open to applicants in United States.

📋 Description

• Act as the lead relationship manager for a designated portfolio of debt and equity investments across specific LFM-managed funds.

• Establish and nurture proactive relationships with borrowers, acting as the main point of contact throughout the investment lifecycle.

• Assess borrower performance by analyzing financial statements, operating results, property cash flows, rent rolls, budgets, and other portfolio reporting.

• Evaluate ongoing portfolio performance against initial underwriting assumptions and investment forecasts, identifying significant variances, emerging risks, and opportunities for timely intervention.

• Review loan documents to confirm borrower adherence to loan covenants, reporting obligations, insurance, taxes, maturity dates, and other credit conditions.

• Validate loan balances, accrued interest, servicing activities, and other financial details to ensure portfolio accuracy.

• Analyze servicing reports and payment activities to detect delinquencies, payment trends, and servicing inconsistencies.

• Maintain regular communication with borrowers to gain insights into project performance, address operational challenges, and facilitate successful loan outcomes.

• Engage in post-closing loan transitions to guarantee the accurate transfer of underwriting assumptions and ongoing monitoring obligations.

• Conduct periodic site visits and annual portfolio assessments to review property performance, enhance borrower relationships, and identify risks not apparent through financial reporting.

• Prepare portfolio analyses, loan summaries, impairment assessments, and asset performance reports for management review.

• Create and update Excel-based portfolio risk ratings using established qualitative and quantitative assessment frameworks.

• Ensure accurate and up-to-date portfolio data across asset management systems, reporting tools, and portfolio trackers.

• Facilitate the preparation of portfolio analyses and reporting materials that support Fund Management oversight and investment decision-making.

• Monitor and communicate portfolio financial and impact metrics in accordance with fund reporting standards and established timelines.

• Assist in audits by maintaining precise, complete, and audit-ready portfolio documentation.

• Promote standardized documentation practices and continuous enhancement of portfolio reporting and data integrity.

• Act as the primary asset manager for designated watchlist, non-performing, and defaulted loans.

• Identify emerging portfolio risks and formulate mitigation strategies in collaboration with the Director of Asset Management.

• Structure, negotiate, and manage loan modifications, amendments, extensions, forbearance agreements, and workout strategies.

• Collaborate with Construction Management, Legal, Loan Administration, and Servicing to address complex credit, construction, and portfolio challenges.

• Assist in foreclosure, collateral enforcement, and other resolution strategies as necessary.

• Work closely with Underwriting, Construction Management, Loan Administration, Fund Management, Legal, and Servicing to support effective portfolio management throughout the investment lifecycle.

• Review non-construction disbursement requests for compliance with approved budgets, loan documents, and fund requirements.

• Provide portfolio updates, borrower developments, and asset performance analyses during internal portfolio, risk, and fund review meetings.

• Serve as a technical resource and mentor to Asset Managers and Asset Management Analysts when appropriate.

• Contribute to process enhancements, portfolio standards, and the adoption of asset management best practices to strengthen LFM's portfolio management capabilities.

• This position is anticipated to require travel less than once per month, totaling up to 15% annually.

⛳️ Requirements

• Bachelor’s degree in Finance, Real Estate, Business Administration, Accounting, Economics, or a related field from an accredited institution.

• At least 6 years of experience in loan asset management, including a minimum of 2 years in non-consumer or commercial lending.

• Experience managing debt and equity investments within real estate funds.

• Proven experience in analyzing commercial real estate financial statements, property operating performance, and borrower cash flows.

• Experience overseeing commercial loan portfolios throughout the investment lifecycle, including ongoing borrower communication and portfolio monitoring.

• Familiarity with watchlist assets, workouts, foreclosures, or specialized asset management.

• Experience in reviewing loan documentation and ensuring compliance with loan agreements and credit requirements.

• Background in commercial loan restructurings, amendments, extensions, or modifications.

• Strong financial analysis capabilities, including experience in validating loan balances, accrued interest, and servicing activities.

• Knowledge of affordable housing finance and tax credit programs, including LIHTC, NMTC, or HTC.

• Preferred experience in community development finance, CDFIs, or other mission-driven lending organizations.

• Advanced proficiency in Microsoft Excel; experience with Smartsheet and portfolio management systems is a plus.

• Excellent written and verbal communication skills, enabling the establishment of productive borrower relationships and the presentation of portfolio recommendations to leadership.

• Proven ability to independently manage multiple complex assets while exercising sound judgment and attention to detail.

• A demonstrated commitment to LISC's mission and the ability to balance prudent portfolio management with community impact objectives.

🏝️ Benefits

• Medical, Dental, Vision Coverage: Comprehensive health plans for you and your family's well-being;

• Disability Insurance: Long-term and short-term coverage for peace of mind;

• Retirement Savings: Secure your future with our 401(k) and 403(b) plans;

• Generous Holidays: Enjoy ample time off to recharge and celebrate;

• Vacation, PTO, and Sick Days: Take advantage of flexible time-off policies to maintain work-life balance;

• Tuition Assistance: Pursue your educational goals with support from our tuition assistance program;

• Referral Program: Earn rewards for referring qualified candidates to join our team;

• Professional Development Opportunities: Grow and advance in your career with access to ongoing training and development programs tailored to your goals.