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Associate Manager

Minneapolis, Minnesota, United States

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate! 

This position requires a deadline driven, service focused and detail minded individual who would be responsible for leading a team of 3-5 employees in addition to administering a lesser size portfolio of loans according to Loan Portfolio Analyst job requirements. Additional responsibilities may be added to adapt to company growth (In line with department with goals and objectives).

*This position offers a flexible work environment and is available for an immediate start.

Responsibilities:

  • With some oversight from the Senior Manager, manage a team of 3-5 Loan Portfolio Analysts responsible for, but not limited to, borrower requests (lease approvals, maturity extensions, partial releases/substitutions of collateral, easements, condemnations, ownership transfers, loan assumptions, etc.), financial analysis, reserve disbursements, payment collection, and covenant monitoring.
  • Provide premier customer service to lenders, borrowers, and regional offices in a friendly and professional manner.
  • Plan and schedule own workload to efficiently meet benchmarks within the department.
  • Create, distribute, and monitor reports to lenders and management to ensure compliance with contractual obligations.
  • Responsible for oversight of assigned lender portfolios (Life Companies, or other investors), including maintaining effective business relationships, monitoring team tasks, quality control, lender feedback, and providing internal approval of write-ups/recommendations.
  • Review and approve Loan Portfolio Analysts and Portfolio Manager’s recommendations for releases of lender held reserves.
  • Coach, direct and motivate staff through daily interaction and workload discussions.
  • Develop, train, and assess the competency of staff; serve as a mentor as well as a resource of technical knowledge.
  • Provide ongoing feedback to analysts regarding their development and goals as well as an annual performance review.
  • Organize and coordinate monthly team meetings.
  • Collaborate with department leadership and Human Resources to hire, retain, and develop staff.
  • Build lender relationships through industry conference attendance, lender visits, and networking (limited travel <5%).
  • Serve on leadership teams and assist with the formulation/execution of department policies, procedures, and strategies.
  • Develop and implement procedures and business processes; serve as an advisor to various committees.
  • Ensure coordination of year-end requirements including, but not limited to non-cash reporting for designated lenders, financial statement form updates/assignments, W-9 clean-up, review of defaulted loans to ensure accurate reporting, etc.
  • Perform other reasonable tasks/projects as assigned within department.

Qualifications:

  • Bachelor’s Degree, preferably in the finance, real estate, or accounting area.
  • 3-5 year of experience in leadership related to finance or accounting; background in commercial lending or servicing required.
  • Required knowledge of Microsoft Outlook, Excel, and Word
  • Strong knowledge of commercial real estate finance and commercial loan terminology
  • Demonstrated underwriting and/or lender asset management experience on multifamily & commercial properties.
  • Demonstrated analytical and negotiating skills.
  • Understanding of commercial real estate finance and capital markets
  • Demonstrated leadership and training abilities.
  • Proven underwriting, modeling, and analytical skills.
  • Excellent verbal and written communication skills
  • Passionate about customer service, providing exceptional service to all internal and external customers.
  • Strong organizational and prioritization skills, with ability to manage multiple assignments while meeting deadlines.
  • Ability to work both independently and within a team, with minimal supervision.
  • Demonstrated work ethic and willingness to work extended hours when necessary.
  • Attention to detail and accuracy required.
  • Problem solving skills to reflect level of responsibilities.
  • Ability to maintain sensitive and confidential information.
  • Ability to maintain positive attitude in all situations.

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!

Minnesota Residents: Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary range for the Associate Manager position is $90,000.00 to $115,000.00 annually . This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.

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