Senior Asset Manager - Special Assets

JLL empowers you to shape a brighter way. Our people at JLL 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. Summary/Objective:The Senior Asset Manager – Special Assets must demonstrate attention to detail, organization, analytical orientation, risk mitigation, and possess the initiative to work in an independent and reliable manner. In this important role, the Senior Asset Manager - Special Assets will provide exceptional service to our clients, both internal and external, and proactively mitigate risks for a portfolio of multifamily and senior housing loans. The Senior Asset Manager – Special Assets will possess the ability to identify existing and emerging risks from both a financial and physical condition perspective and make risk mitigating recommendations to management. Essential Functions:Review annual and quarterly financial statement analyses for multifamily and senior housing properties identifying individual property and portfolio level trendsPerform property inspections nationwide (requires about 25% travel), complete inspection reports, and make risk mitigating recommendations to reduce financial, operational, and reputational risks for the lendersAnalyze trouble assets, including non-performing and distressed properties to determine appropriate next stepsManage a portfolio of high-risk loans, monitoring performance and implementing risk mitigation strategiesRegularly review risk ratings on properties using both an internal matrix and various agency guidelinesConsistently review and analyze portfolio level data to identify emerging risks both at the individual deal level as well as portfolio levelRecommend transition to and from Special Assets when it is apparent that a property has materially declined or improvedReview and approve replacement reserve disbursement requests based on property condition and future capital needsReview and approve releases from other escrows including repairs, insurance loss, rental achievement, etc.,Understand and assist in the review of special requests such as transfers, easements, partial releases, management changes, insurance losses, etc. on high-risk loansPrepare analyses and reports as required by Fannie Mae, Freddie Mac, and JLL for Special AssetsIdentify and evaluate troubled markets and sub-markets and communicate findings to internal and external stakeholdersIdentify and evaluate trends in actual property operations compared to underwritten property operationsUse technology and other available tools to identify potential mortgage fraudAttend industry conferences and calls to stay apprised of new developmentsAssist in developing and writing internal policies and procedures, as requiredOther duties as deemed necessaryQualifications Required:Strong analytical and financial modeling skillsKnowledge of real estate markets, valuation methodologies, and loan structuresStrong Microsoft Excel and Word proficiencyStrong math, verbal, writing, and organizational skillsStrong time management skills and ability to operate under demanding deadlinesAbility to multitask and work on several transactions simultaneouslyAbility to recognize and mitigate riskExcellent attention to detailAbility to work independently and in teamsAbility to travel as neededEducation:Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business)Experience:Four years experience in multifamily and/or commercial real estate finance or property management.Physical Demands: Must be able to physically inspect multiple residences and common areas at multiple apartment complexes, as well as inspect comparable properties within the market. Employee must be able to physically move about the apartment complexes, which shall require standing and walking for extended periods of time, and climbing stairs. Inspections may also require the ability to sit, reach, and bend. Position requires travel up to 25% of time. Travel shall include various modes of travel (including but not limited to planes, trains and automobiles) to different time zones and requires overnight lodging.Expectation for All Employees:All employees are expected to support the organization's mission, vision, and values by exhibiting the following behaviors: excellence, competence, collaboration, innovation, respect, personalization, commitment to our community, accountability, teamwork and ownership.This position does not provide visa sponsorship. Candidates must be authorized to work in the United States without sponsorship.Estimated compensation for this position:100,000.00 – 125,000.00 USD per yearThis range is an estimate and actual compensation may differ. Final compensation packages are determined by various considerations including but not limited to candidate qualifications, location, market conditions, and internal considerations.Location:On-site –Dallas, TX, Houston, TX, Overland Park, KS, Pittsburgh, PA, St. Paul, MN, Tampa, FLJob Tags:CMGIf this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table!Personalized benefits that support personal well-being and growth:JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:401(k) plan with matching company contributionsComprehensive Medical, Dental & Vision CarePaid parental leave at 100% of salary Paid Time Off and Company HolidaysEarly access to earned wages through Daily PayAt JLL, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills, experiences, and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role you're pursuing.JLL Privacy NoticeJones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.For additional details please see our career site pages for each country.For candidates in the United States, please see a full copy of our Equal Employment Opportunity policy here.Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may email us at View email address on click.appcast.io. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.Pursuant to the Arizona Civil Rights Act, criminal convictions are not an absolute bar to employment.Pursuant to Illinois Law, applicants are not obligated to disclose sealed or expunged records of conviction or arrest.Pursuant to Columbia, SC ordinance, this position is subject to a background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be considered and will not automatically disqualify the candidate.California Residents onlyIf you are a California resident as defined in the California Consumer Privacy Act (CCPA) please view our Supplemental Privacy Statement which describes your rights and disclosures about your personal information. If you are viewing this on a mobile device you may want to view the CCPA version on a larger device.Pursuant to the Los Angeles Fair Chance Initiative for Hiring Ordinance, JLL will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.Accepting applications on an ongoing basis until candidate identified.SummaryLocation: Pittsburgh, PA; Dallas, TX; Houston, TX; Overland Park, KS; St. Paul, MN; Tampa, FLType: Full time