Asset Manager

Jones Lange Lasalle Inc.
North Bethesda, MD
Oct 26, 2021
Oct 28, 2021
Full Time
About JLL - We're JLL-a leading professional services and investment management firm specializing in real estate. We have operations in over 80 countries and a workforce of over 91,000 individuals around the world who help real estate owners, occupiers and investors achieve their business ambitions. As a global Fortune 500 company, we also have an inherent responsibility to drive sustainability and corporate social responsibility. That's why we're committed to our purpose to shape the future of real estate for a better world. We're using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. Our core values of teamwork, ethics and excellence are also fundamental to everything we do and we're honored to be recognized with awards for our success by organizations both globally and locally. Creating a diverse and inclusive culture where we all feel welcomed, valued and empowered to achieve our full potential is important to who we are today and where we're headed in the future. And we know that unique backgrounds, experiences and perspectives help us think bigger, spark innovation and succeed together. If this job description resonates with you, we encourage you to apply even if you don't meet all of the requirements below. We're interested in getting to know you and what you bring to the table! Job Title: Asset Manager, Asset Management Department: Asset Management (Fannie Mae) Reports to: Director, Asset Management Description: The Asset Manager role will be responsible for tracking and review of all Asset Management-related duties for a defined Fannie Mae portfolio of Borrower and Production Officer relationships. Time management, organization and attention to detail will be applied independently at all times to ensure exceptional customer service is provided to both internal and external clients (including Borrowers, Production Officers and Lenders). Proactive asset management of a defined portfolio will ensure internal and external due dates are consistently met for all loan covenants, Borrower requests and periodic reporting requirements. The Asset Manager will keep management informed of any elevated risk or potential events of default, as necessary. Recommendations for mitigating potential risk will be made based on research, due diligence reviews and prior industry experience. The Asset Manager will foster strong working relationships with Asset Management Analysts to improve their commercial real estate knowledge. Essential Functions: * Actively monitor all aspects of property level risk using both internal and external sources for your assigned portfolio of Fannie Mae loans * Identify risk factors and trends and accurately memorialize these issues and a plan of action to address for Lender review * Analyze and approve annual and quarterly financial statements for assigned portfolio * Conduct and/or review annual property inspections nationwide (as required) and follow up on any deferred maintenance and other noted issues * Seek out new business opportunities and promote JLL to existing clients when opportunities arise * Proactively analyze portfolio to identify potential refinancing opportunities and provide recommendations to the Production team * Work closely with clients regarding operational, physical, economic and loan covenant issues * Properly document loan dynamics, property findings and trends in accordance with JLL best practices * Make recommendations to elevate materially declining loans or breach of loan covenants * Review and approve releases from all escrows to include replacement reserves, repairs, insurance loss, rental achievement, etc., based on JLL best practices * Monitor Special Request processing with Transaction Management team on all client requests such as transfers, easements, partial releases, management changes, repair monitoring, etc. including review and submission of overflow lender consents as needed * Identify and evaluate troubled markets and sub-markets within assigned portfolio * Participate in Asset Management related meetings as requested * Stay apprised of Industry related changes and developments * Other duties as deemed necessary Qualifications Required: * Strong Microsoft Excel and Word proficiency * Strong math, verbal, writing, and organizational skills * Strong time management skills and ability to operate under demanding deadlines * Ability to multitask and work on several transactions simultaneously * Ability to recognize risk * Excellent attention to detail * Ability to audit own work * Ability to work independently and in teams * Ability to travel as needed Required Skills: Undergraduate degree preferred with a minimum of 5-7+ years in Real Estate, Finance, Accounting, Business or equivalent work experience, proficiency in Microsoft Office, ability to recognize and mitigate risk, detail oriented, ability to multi-task and manage deadlines, strong customer service skills (written and verbal). What you can expect from us We succeed together and believe the best inspire the best, so we invest in supporting each other, learning together and celebrating our success. Our Total Rewards program reflects our commitment to helping you achieve your career ambitions, recognizing your contributions, investing in your well-being and providing competitive benefits and pay. We can't wait to see where your ambitions take you at JLL. Apply today! JLL Privacy Notice Jones 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 employees in the United States, please see a fully copy of our Equal Employment Opportunity and Affirmative Action 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 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.