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Account Manager II - CMBS in Overland Park, KS at KeyBank

Date Posted: 11/20/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Date Posted:
    11/20/2020

Job Description

ABOUT THE JOB
Under the direction of the Portfolio Manager, the person in this position is responsible for servicing a commercial real estate portfolio in the most timely, efficient and responsible manner in order to protect the interest of investors. This is accomplished within the parameters of the servicing agreements, loan documents, policies and procedures, and applicable laws.

ESSENTIAL JOB FUNCTIONS
Monitor assigned portfolio in order to ensure compliance with specific requirements pursuant to contractual servicing agreements. Institute and administer directives involving changes in servicing standards (i.e. establishing and implementing new technologies for reporting property inspections and financial analysis).

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

Generate income through transaction fees and the timely collection of late charges and default interest in order to ensure the profitability of the Servicing Division and KeyCorp.

Monitor and administer the posting of all loan payments in accordance with the loan documents.

Monitor delinquencies.

Review and process reserve disbursements in accordance with the reserve agreements.

Review/analyze insurance certificates related to the commercial property to ensure compliance with the loan documents.

Monitor and oversee the payment of all taxes and insurance as required by the loan documents.

Calculate yield maintenance and process payoffs in accordance with the loan documents and servicing agreements.

Input and maintain loan and collateral data in the loan servicing system and KCMWeb.

MARGINAL OR PERIPHERAL FUNCTIONS
Administer all borrower inquiries and requests.

Assist with special projects.

Train new employees.

REQUIRED QUALIFICATIONS
Four-year college degree or experience commensurate with position grade

PREFERRED QUALIFICATIONS
Experience in commercial mortgage loan servicing and/or underwriting

Real estate law, appraisal, accounting/auditing

Experience with McCracken/Strategy loan servicing system

Excellent verbal and written communication skills

Strong analytical skills

Legal document review and interpretation

Efficient in the use of Microsoft Word, Excel and Outlook

EQUIPMENT USED
Computer

10 key calculator

Telephone

Fax Machine

Copier

TRAINING REQUIRED
On-the-job training.

FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

44664BR

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