Asset Management Analyst

Company: Community Preservation Corporation
Location: Chappaqua
Posted on: May 26, 2023

Job Description:

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.
Summary of Position:
The Asset Management Analyst will support the Asset Management team which protects the value of the collateral for CPC serviced, multi-family loan portfolio ("Portfolio"). This person will identify and mitigate the credit, financial, operational, physical, and market risks impacting the properties collateralizing the Portfolio. They will support the team with day-to-day risk management activities for the Portfolio. To organize, administer and support the team's activities with borrowers; guarantors; local, state and federal government agencies; developers; owners; managers; agency lending partners; and other industry groups to preserve the value of the multi-family housing financed by the mortgage loans.
Roles and Responsibilities:

• Collect borrower, property, guarantor and principal financial statements and other required reporting.
• Support Asset Management through spreading borrower financial information pursuant to CPC and investor guidelines
• Monitor, track and report on borrower corrections to deferred maintenance identified during property inspections; assist other department members with follow-up and resolution
• Organize, maintain and update Asset Management data, including but not limited to, oversight and quality control of new loan set-up, data updates to third party vendors, updates to project and Borrower contacts and other portfolio information
• Assist with processing of borrowers' post-closing requests and update all systems, as necessary
• Inform Asset Management team members and other internal stakeholders of risks and issues in the Portfolio, as they arise
• Conduct property inspections as assigned and recommend actions based on inspection results
• Monitor relationships with third-party vendors, order services and ensure appropriate and correct payments
• Provide excellent customer service to all stakeholders by responding promptly and accurately to questions and information requests
• Support systems development and process improvement efforts to maximize efficiency and enhance issue identification capabilities
• Perform other duties, as directed or required. Skills and Experience:
  • Bachelor's degree required
  • Prefer 1-2 years of one year of relevant experience in real estate asset / loan portfolio management, finance, development or underwriting desirable
  • Ability to work effectively in a diverse environment with for-profit, non-profit, public and private organizations
  • Ability to manage multiple assignments, meet tight deadlines, coordinate and communicate effectively and cultivate new and existing relationships
  • Understanding of multifamily development, ownership, management and finance desirable
  • Experience with Fannie Mae, FHA and Freddie Mac Multifamily Asset Management requirements preferred
  • Superior analytical, oral and written communication and presentation skills.
    This is a hybrid role where you will work from the Chappaqua office two - three days a week.
    Salary Range: $55,000 - $65,000, dependent on experience.

Keywords: Community Preservation Corporation, Stamford , Asset Management Analyst, Executive , Chappaqua, Connecticut