Trainee Distressed Asset Management Jobs (NOW HIRING)

Make your next move an expert one.

At Colliers it's not our success that sets us apart, it's how we achieve it. Our people are passionate, take ownership and always do what's right for our clients, people and communities.

Why Colliers?

Our enterprising environment needs your expertise to facilitate Colliers' continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Responsible for performing all asset management functions of the assigned loan servicing portfolio, including financial analysis, inspections, assumptions, transfers, easements, partial releases, insurance losses, loan payoff, maturity management, & other loan events
• Responsible for strong customer service via prompt, professional communication with borrowers, lenders, investors, and co-workers
• Responsible for overseeing / maintaining department policies and procedures related to PWL, WL, and Portfolio Data
• Maintain and Update Monthly / Periodic reporting for assigned loans
• Maintain and Update Monthly / Periodic reporting for PWL and WL loans, as well as Portfolio data including Stress modeling
• Determine Analytics' need and create Reporting to address assigned reporting
• Coordinate recurring calls with AM staff regarding PWL & WL loans, as well as Portfolio data
• Serving as a formal or informal team leader, including training, mentoring, & coaching more junior staff
• Create, document, and follow up on action plans for troubled assets
• Communicate with senior mgmt. regarding remediation strategies and associated progress
• Interacts with accounting department for the transfer of cash, processing reserve disbursements, and the maintenance of reserve and other escrow accounts
• Accurately and efficiently producing required analyses of operating statements and related financial statements of commercial or multifamily properties, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements
• Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance
• Maintain a live risk rating for all projects within the assigned portfolio, inclusive of Watch List deals, and identifying/documenting project issues, trends and opportunities
• Perform duties and responsibilities in accordance with applicable laws, regulations, and lender servicing guides/agreements
• Other duties as assigned

REQUIRED EDUCATION & EXPERIENCE

• 5+ years of commercial or multifamily mortgage servicing experience required
• General familiarity with GSE (preferably Fannie Mae DUS, HUD/FHA, and/or Freddie Mac Optigo) loan servicing guidelines
• Experience managing distressed assets, to include familiarity with WL/special servicing requirements, workouts, loss sharing etc.
• Expert knowledge of mortgage banking, loan servicing, financial statement analysis
• Strong verbal and written communication skills
• Ability to coach, train, and mentor junior asset managers/analysts
• Excellent attention to detail and ability to multi-task
• Intermediate Microsoft Office skills required, advanced financial and data manipulation functions in Microsoft Excel preferred
• Ability to work independently as well as in a team
• Excellent customer service skills
• Bachelor's degree or equivalent experience required

JOB EXPECTATIONS

• Regular and reliable attendance required
• Occasional domestic travel required
• Applicants must be authorized to work in the US without the need for visa sponsorship now or in the future

BENEFITS
We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.

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Make your next move an expert one and join us as we lead the industry into the future.

Direct applicants only please, no agencies.

Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com