Account Manager II - Warehouse (Asset Administration)

DESCRIPTIONKeyBank Real Estate Capital (KBREC) is a line of business of Cleveland-based KeyCorp, one of the nation's largest bank-based financial services companies with assets of approximately $92 billion. As one of the largest commercial real estate finance companies in the U.S., KBREC provides construction and interim financing, permanent placements, mezzanine and project equity for virtually all property types.

KBREC is the 3rd largest commercial real estate capital provider in the U.S., and is among the top retail development and multifamily lenders in the country. It is ranked #1 in Freddie Mac Central Region originations, and is #3 in annual originations among U.S. financial service companies.

With a portfolio in excess of $20 billion in permanent loans, KBREC is the nation's 4th largest mortgage loan servicer.

Office Environment/Benefits:
Vacation, Retirement Plan, Dental, Paid Time Off, Vision, Holidays, Discounts, Tuition Reimbursement, Stock Purchase Plan, Medical, Life, 401K, Prescription

Employment Opportunity:
Due to a growing business, we have an immediate opening for an Account Manager II - Warehouse. The ideal candidate will have a Bachelor's degree in a business-related field and 2-4 years of commercial real estate or commercial mortage experience.
Job Requisition #PS222578
Kansas City, MO 64105

Essential Functions
Under the direction of the department manager, the person in this position is responsible for acting in the most timely, efficient and responsible manner to protect the interest of the investors pursuant to the mortgages serviced for them. This is accomplished within the parameters of individual investor guides or agreements, applicable law and the mortgage documents

-Monitor and comply with specific investor requirements pursuant to contractual servicing obligations. Institute and administer directives involving changes in servicing requirements (i.e. establishing and implementing new technologies for reporting property assessments and financial analysis).

-Review/analyze, underwrite mortgage loan requests involving secondary financing, assumptions, parcel releases, maturity extension and modifications/workouts and offer recommendations to senior management/investors/regulators on all local transactions. Implement the course of action ultimately decided on by the investor. Maintain file documentation on all loan issues to prove substantiation in the event of litigation.

-Perform intensive loan monitoring for those loans designated by investor or servicer as not meeting their standards. Intensive loan servicing on those loans recently returning to a performing status after bankruptcy, default or workout. Intensive servicing typically involves frequent inspections, comparable analysis, and financial reviews in addition to administering rehabilitation/repair agreements and cash flow auditing. Make recommendations to the Watchlist Committee regarding any loan that is not meeting internal standards, both objective and subjective for overall property performance.

-Generate income through transaction fees, approval fees to ensure the profitability of the department and KeyCorp.

-Assist in the development of system reporting to monitor internal controls for departmental requirements.

-Review/analyze insurance certificates related to the commercial property to ensure compliance with the loan documents and the protection of the investor's investment.

-Monitor and administer outstanding escrow/reserve agreements to ensure compliance with the loan documents.

-Review each closed loan to gain an understanding of all aspects of the loan.

-Input and/or audit all data that is input to the servicing system as it relates to closed loans.

-Monitor and oversee the payment of all taxes and insurance for closed loans.

-Monitor and administer the posting of all irregular loan payments for closed loans.

-Monitor and take action as necessary, relating to the collection of all loan payments.

-Calculate and administer yield maintenance and all other prepayment terms with regard to loan prepayments to ensure compliance with the loan documents and investor requirements.

Marginal Functions
-Administer all customer inquiries and requests, such as requests for loan histories and questions concerning the loan documents.

-Assist with servicing acquisition related tasks.

-Train new employees.REQUIREMENTSRequired Skills
-This position requires broad-based experience.
-Knowledge of commercial mortgage underwriting.
-Legal document review and interpretation.
-Excellent verbal and written communication skills, as well as a high degree of analytical ability.
-Four-year college degree and three (3) years experience in Commercial Real Estate.

Preferred Skills
-Real estate law, appraisal, accounting/auditing, commercial loan underwriting and/or loan servicing.
-Experience with McCracken/Strategy loan servicing system

Efficient in the use of word processing, spreadsheet, and email software, such as Microsoft Word, Excel and Lotus Notes

How to Apply:

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