Asset Manager

at Jones Lang LaSalle in Kansas City, Kansas, United States

Job Description

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.

Description: The Asset Manager role will be responsible for tracking and review of all Asset Management-related duties for a defined HUD portfolio of Borrower and Production Officer relationships. Time management, organization and attention to detail will be always applied independently to ensure exceptional customer service is provided to both internal and external clients (including Borrowers, Production Officers and Lenders). 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.
Responsibilities:
Actively monitor all aspects of property level risk using both internal and external sources for assigned portfolio
Review, analyze, and approve annual and quarterly financial statement analysis for an assigned portfolio of multifamily and senior housing properties in accordance with JLL's best practices and the requirements of HUD and other investors
Monitor REAC Inspection Reports and follow-up with borrowers when necessary
Communicate loan dynamics, property findings and trends with
Review and approve releases from all escrows including replacement reserves, repairs, insurance loss, rental achievement, etc., based on JLL best practices and HUD requirements.
Perform a quality assessment for new loan set up for assigned portfolio
Process Consent Requests such as easements, partial releases, management changes, insurance losses, etc pursuant to loan documents and investor requirements
Prepare reports and respond to inquiries as required by HUD and JLL
Identify and evaluate troubled markets and sub-markets within assigned portfolio and communicate findings to Asset Management
Oral and written communication with JLL management, agencies, borrowers, management companies, and investors, as required
Attend departmental related meetings as requested.
Attend conference calls and conferences, as required
Cross train within team and department, as needed
Seek out new business opportunities and promote JLL to potential clients.
Assist in developing and writing internal policies and procedures, as required.
Proactively analyze portfolio to identify potential refinancing opportunities and provide recommendations to the Production team
Work closely with clients regarding operational, physical, economic and loan covenant issues
Utilize HUD handbooks, mortgagee letters, and all available resources to stay current with HUD requirements.
Stay apprised of industry related changes and developments
Other duties as deemed necessary.

Qualifications Required:

Strong Microsoft Excel and Word proficiency
Strong... For full info follow application link.

JLL Is an Equal Opportunity Employer JLL is committed to developing and maintaining a diverse workforce.  JLL strongly believes in equal opportunity extended to all individuals in all aspects of the employment relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall and termination without regard to race, color, religion, belief, creed, age, sex, pregnancy or maternity (including childbirth and related conditions), family responsibility (e.g. child care, elder care), nationality, ethnic or national origin or ancestry, citizenship, marital status, civil partner status, sexual orientation, gender identity or expression, transgender status, veteran’s status, genetic information, trade union membership, social position, political view or status as a qualified individual with a disability, protected leave status or any other protected characteristic in accordance with applicable law.  The company also endeavors to make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodations would impose an undue hardship on the operation of our business and ensures that employment decisions are based only on valid job requirements.