Team Lead Surveillance
Prudential Asset Resources is seeking an experienced Team Lead for the Surveillance Department. This position will be located in Dallas, Texas, and report to a Director of Servicing.
Prudential Asset Resources is a subsidiary of Prudential Mortgage Capital Company and one of the largest commercial and multifamily mortgage servicing firms in the nation. Assets under management include CMBS, Fannie Mae, Freddie Mac, FHA, and insurance company general account loans. The Company is a rated Primary, Master, and Special Servicer. Prudential Mortgage Capital Company is a diversified mortgage lender with a 125-year commitment to the commercial real estate market.
Position Summary:
The successful candidate be responsible for managing work product produced by the Surveillance Group. The group's primary responsibilities are collateral protection oversight and surveillance. This position is responsible for managing all surveillance processes including: analysis of operating statements and rent rolls, market trend research, monitoring collateral covenants and trigger events, lease reviews, collateral inspection analysis, asset watch list administration, rating agency and investor liaison, and performance of third-party vendors.
Responsibilities:
- Manage department workflow, metrics and reporting requirements.
- Primary point of contact for Surveillance Analyst, Investors and other internal customers.
- Work with technology group to improve reporting and automation of manual processes.
- Maintain department policies and procedures.
- Mentor and develop Surveillance/Inspection Analyst.
- Manage customer and investor interactions.
- Subject matter expert in regards to all Surveillance and Inspection responsibilities (noted above).
- Manage relationship with third party vendor responsible for Financial Statement Analysis process (located in India).
- Manage Closely Monitored and Watch List reports.
- Gather and review all data needed to analyze and report trends to Sr. Management.