Description
Job Summary:
The Senior Analyst is responsible for providing analytical and other support to Team Leaders and Asset Managers in the analysis and workout of non-performing mortgage loans, as wells as the resolution of performing loan issues.
Job Duties and Responsibilities:
• Assist Asset Managers in the management of a portfolio of performing and non-performing loans secured by commercial properties.
• Prepare drafts of memorandums with recommendations for a wide variety of consents.
• Provide due-diligence assistance including analysis of loan documents and servicing agreements.
• Track loan and property-level information, including financial statements.
• Analyze financial statements and rent rolls for various types of commercial properties. Analysis includes normalizing, reviewing and comparing operating expenses, rollover schedules, and where applicable, preparing trailing 12-month financials and proformas.
• Prepare select property & loan valuations in LNR’s proprietary cash flow model for review by Asset Manager (including gathering market data and speaking with local sources).
• Track servicing requests on selected assets and review servicing numbers for accuracy against loan documents.
• Coordinate with outside legal counsel, brokers and other third parties, as necessary.
• Research market, tenant and borrower information on public records databases, such as Bloomberg, Lexis/Nexis.
• Work with Asset Managers and legal counsel to review loan documentation as needed.
• Review lease terms and prepare lease approval memorandums.
• Analyze alternative workout scenarios using NPV analysis and participate in negotiations with Borrowers for non-performing loans.
• Underwrite prospective owners of property in connection with the assumption of the existing mortgage loan.
• Ad-hoc and miscellaneous projects that pertain to the efficiency of the Loan Asset Management department.
• Maintain Confidentiality.
Knowledge and Skills:
• Excellent organizational skills.
• Ability to work on multiple tasks with multiple people. Self-starter and self-motivated.
• Prior financial analysis, preferably in real estate, or other applicable real estate background.
• Strong verbal and written communication skills.
• Good computer skills including Word, Outlook and Excel.
Education and Experience:
• Bachelor’s degree in Business Administration, Finance or related analytical field, with advanced degree in Business or Law preferred.
• Minimum of 2-3 year’s related work experience in the real estate or finance fields.
The Senior Analyst is responsible for providing analytical and other support to Team Leaders and Asset Managers in the analysis and workout of non-performing mortgage loans, as wells as the resolution of performing loan issues.
Job Duties and Responsibilities:
• Assist Asset Managers in the management of a portfolio of performing and non-performing loans secured by commercial properties.
• Prepare drafts of memorandums with recommendations for a wide variety of consents.
• Provide due-diligence assistance including analysis of loan documents and servicing agreements.
• Track loan and property-level information, including financial statements.
• Analyze financial statements and rent rolls for various types of commercial properties. Analysis includes normalizing, reviewing and comparing operating expenses, rollover schedules, and where applicable, preparing trailing 12-month financials and proformas.
• Prepare select property & loan valuations in LNR’s proprietary cash flow model for review by Asset Manager (including gathering market data and speaking with local sources).
• Track servicing requests on selected assets and review servicing numbers for accuracy against loan documents.
• Coordinate with outside legal counsel, brokers and other third parties, as necessary.
• Research market, tenant and borrower information on public records databases, such as Bloomberg, Lexis/Nexis.
• Work with Asset Managers and legal counsel to review loan documentation as needed.
• Review lease terms and prepare lease approval memorandums.
• Analyze alternative workout scenarios using NPV analysis and participate in negotiations with Borrowers for non-performing loans.
• Underwrite prospective owners of property in connection with the assumption of the existing mortgage loan.
• Ad-hoc and miscellaneous projects that pertain to the efficiency of the Loan Asset Management department.
• Maintain Confidentiality.
Knowledge and Skills:
• Excellent organizational skills.
• Ability to work on multiple tasks with multiple people. Self-starter and self-motivated.
• Prior financial analysis, preferably in real estate, or other applicable real estate background.
• Strong verbal and written communication skills.
• Good computer skills including Word, Outlook and Excel.
Education and Experience:
• Bachelor’s degree in Business Administration, Finance or related analytical field, with advanced degree in Business or Law preferred.
• Minimum of 2-3 year’s related work experience in the real estate or finance fields.
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