Manage assigned portfolio of commercial mortgage loans from the inception of the loan through maturity or payoff ensuring loans are within lender's guidelines and regulatory requirements. Manage relationships with borrowers and external servicing partners.

Responsibilities:

Analyze property operating statements and rent rolls to calculate a loan's relevant credit metrics using current commercial property underwriting standards. Engage property owners and external loan servicers to resolve any outstanding concerns, including vacancies and leasing strategies, the status of lease renewals, material changes in debt service coverage. Order and review annual property inspections to ensure the lender's security is being properly maintained and managed. Inform management of potential problems or risks associated with the loan.
Administer commercial real estate tax payments and escrow accounts to avoid any tax penalties and/or property liens. Maintain appropriate documentation to meet lender's and borrower's requirements as proof of payment on each security. Perform an annual tax escrow analysis to ensure proper funding of the account.
Review evidence of proper insurance coverage in accordance with the loan documents and lender's requirements. Work directly with borrower and insurance agent to obtain the necessary documentation and adjust policies when appropriate. Manage process and risk associated with any property insurance loss.
Prepare consent letters and necessary loan documentation which includes, but is not limited to, subordination and escrow agreements, condemnations/partial releases, secondary financing documentation, and handling miscellaneous requests as they arise. Work directly with borrowers, attorneys, property managers, etc. to obtain any necessary documentation. Prepare payoff releases and Uniform Commercial Code filings in accordance with state regulations and lender's requirements.
Manage relationships with the underwriters, borrowers, mortgage bankers/servicers and property managers. Properly maintain records of all loan servicing correspondence and documentation in the electronic imaging system.
Manage the system data for assigned loan portfolio. This includes set-up and continuous maintenance of loan data in the mortgage system to meet lender and regulatory requirements. Proactively track all date critical loan events including interest rate adjustments, calls and impending maturities. Timely and critical follow up on any delinquent mortgage payments. Engage underwriters and counsel for resolution.
Additional job responsibilities may include support to loan processing group, including drafting applications, review of loan closing documentation or duties as assigned.

Qualifications:

Bachelors degree or equivalent
3+ years experience in commercial real estate lending/servicing.
Ability to work fast-paced environment while managing multiple demands.
Must have excellent communication, analytical and problem-solving skills.
Strong interpersonal skills, along with the ability to interface with multiple teams and individuals at various levels.
Must be able to work independently with strong attention to detail and high standards for accuracy.
Experience with Microsoft Office and interest in learning the commercial mortgage systems.

About Our Company
We're a diversified financial services leader with more than $1 trillion in assets under management and administration as of 2022. Our team of 20,000 people in more than 20 countries, advise and manage assets and income of more than 2 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses - Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.

Base Pay Salary

The estimated base salary for this role is $74,800 - $101,000 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.

Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, national origin, genetic information, age, sexual orientation, citizenship, gender identity, disability, veteran status, marital status, family status or any other basis prohibited by law.

Full-Time/Part-Time

Full time

Exempt/Non-Exempt

Exempt

Job Family Group

Investment Management

Line of Business

AMINV US Asset Management