Senior Portfolio Manager – Master Servicing
Truist
full-time
Posted on:
Location Type: Office
Location: Charlotte • Kansas, North Carolina • 🇺🇸 United States
Visit company websiteJob Level
Senior
About the role
- Perform and supervise others in Master Servicing related duties for securitized commercial mortgage loans
- Focus on internal operations related to all aspects of CMBS SASB, CMBS conduit, Agency CMBS, and CLO transactions
- Develop and oversee a team of servicing professionals and support staff
- Engage in the setup and establishment of operational procedures related to Master Servicing
- Participate in special projects as the Master Servicing platform grows and evolves with market conditions
- Implement policies and procedures promoting industry leading services for Master Servicing
- Proactive oversight and management of a portfolio of Master Serviced CMBS & CLO loans
- Negotiate complex securitized deal structures
- Work directly with deal affiliated parties
- Engage with third party consultants including attorneys and tax monitoring services
- Ensure understanding of and compliance with governing loan documents, loan servicing agreements, REMIC regulations, investor reporting requirements and state and federal laws governing commercial mortgage-backed securities
- Prepare quarterly business plan and cash flow projections
Requirements
- Bachelor’s Degree from an accredited university in a related course of study like Commercial Real Estate or Finance
- Minimum of 10 years’ experience in Master Servicing of commercial real estate loans in securitized CMBS and CLO transactions
- Strong understanding of commercial real estate, fixed income and general financial concepts
- Advanced knowledge of the securitized product advancing and credit decisioning process
- Strong decision making skills with the ability to take action in solving problems while exhibiting judgement and a realistic understanding of issues
- Knowledge of bank, conventional, agency, private credit, and/or commercial mortgage-backed securities origination and servicing
- Willingness to perform overnight travel to meet with rating agencies, trustees, special servicers, subservicers, or other related parties
- High level proficiency working with Microsoft Excel, Word and PowerPoint
- Basic competency working with Argus and CRE Market Data Providers
- Established relationships with firms issuing CMBS and CLO related securities preferred
- Willingness to provide training to less experienced staff members in sound Master Servicing related practices
Benefits
- Medical, dental, vision insurance
- Life insurance
- Disability
- Accidental death and dismemberment
- Tax-preferred savings accounts
- 401k plan
- 10 days of vacation
- 10 sick days
- Paid holidays
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
Master ServicingCMBSCLOcommercial mortgage loansfinancial conceptssecuritized productscredit decisioningloan servicing agreementsREMIC regulationscash flow projections
Soft skills
decision makingproblem solvingjudgementleadershipteam developmentcommunicationnegotiationtrainingorganizational skillsproactive management