Loan Asset Manager - Monticello Asset Management, LLC

February 12, 2018

Monticello Asset Management, LLC

New York, New York 10017

Asset Manager – Loan Investments

Monticello Asset Management, LLC (“Monticello”), is seeking to hire a candidate with commercial real estate loan servicing and administration experience for our New York City  office to support the team in the areas of surveillance and asset management for all loan investment activity.


Monticello, through its funds, provides short term, bridge financing for real estate assets that are in the process of obtaining permanent financing from the Department of Housing and Urban Development (HUD), as well as other state and federal programs. Monticello’s funds also provide financing in the renewable energy sector bridging to tax credit equity or other government-backed financing.

The Asset Manager will work independently within our team environment but will collaborate with all staff and maintain direct daily interface with our borrowers, financing participants as well as all levels of management including the company’s senior management and loan origination teams.  Monticello looks for team members who will facilitate the company’s growth by identifying and developing process efficiency improvements.

Candidates Responsibilities:

  • The overall asset management administration of an assigned portfolio of loans
  • Ongoing monthly monitoring and analysis of property level operating performance
  • Development of enhanced monthly reporting to senior management of borrowers’ operational performance and loan performance
  • Monitoring the completion of borrowers’ post-closing obligations
  • Annual review of guarantors’ financial statements and liquidity
  • Reviewing and reporting  of borrowers’ regulatory standings, as necessary
  • Analyzing and reporting of changes in borrowers’ local competitive landscape
  • Review and processing of repair and construction draw requests and release of escrowed funds or insurance proceeds.
  • Review and understanding of complex mortgage loan documents in order to monitor and enforce covenant and trigger events.
  • Identify and communicate potential defaults to senior management.
  • Assist in borrower requests requiring negotiation, structuring and recommending loan modifications.
  • Assist in special projects including oversight of portfolio real estate tax and insurance programs.
  • Demonstrate a high level skill set that includes financial analysis, real estate operations, property management, market research, mortgage and legal document fundamentals, and credit risk analysis

The successful candidate should demonstrate a solid understanding of various loan structures, funds flow, economics, and servicing requirements as extracted from deal summaries and legal documents. The candidate should also possess communication skills in order for them to liaise with borrowers, city agencies, loan participants and other external parties.

Job Requirements:

  • Bachelor’s Degree
  • Strong finance, credit, legal real estate and/or business background,
  • Established organizational skills and ability to simultaneously handle multiple projects
  • A minimum of 4 years’ related work experience as an Asset Manager, Loan Administrator, or Servicer
  • Familiarity with financing multi-family housing, senior housing, health care assets and/or renewable energy preferred
  • Extensive computer skills including, Excel, Word and PowerPoint
  • Strong oral and written communication skills, advanced financial analytical proficiency, and olid interpersonal skills
  • A desire to learn and grow within the real estate finance industry complimented by an inquisitive and proactive persona

We offer a competitive salary based on experience as well as a complete benefit package. We are an equal opportunity employer and prohibit discrimination based on age, color, disability, national origin, race, religion, sex, veteran status and any other legally protected class in accordance to applicable federal, state and local laws.  Employment is subject to verification of pre-employment drug-screening results, DMV records check and background investigation.