Account Manager III - Private Label in Overland Park, KS at Key Bank- Corporate

Date Posted: 9/18/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/18/2019

Job Description

JOB BRIEF (PURPOSE)

Under the direction of the Manager - Portfolio Services - Agency, 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 and minimize risk to KeyBank. This is accomplished within the parameters of the servicing agreements, loan documents, policies and procedures, and applicable laws.

ESSENTIAL JOB FUNCTIONS

  • Understanding of the regulations, guidelines and policies that govern the Agencies.
  • Review loan documents, policies and procedures, Agency Guide and Pooling and Servicing Agreements.
  • Travel as required: Conduct subservicing audits as applicable for Master Servicing roles.
  • 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. Perform watchlist updates, and follow internal policies and applicable guidance from appropriate third parties (special servicers, master servicers, etc.).
  • 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 inspection completion and applicable follow-up and notifications to applicable parties.
  • Refer borrower transaction requests to Transactions department and monitor progress.
  • Monitor delinquencies.
  • Monitor loan maturities through correspondence with Borrowers.
  • Review and process reserve disbursements in accordance with the reserve agreements.
  • 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 and administer the document release process.
  • Input and maintain loan and collateral data in the loan servicing system.

MARGINAL OR PERIPHERAL FUNCTIONS

  • Administer all borrower inquiries and requests while upholding Key’s servicing standard
  • Assist with special projects
  • Train new employees

REQUIRED QUALIFICATIONS

  • Four-year college degree or experience commensurate with position grade
  • Excellent verbal and written communication skills
  • Strong analytical skills
  • Efficient in the use of Microsoft Word, Excel and Outlook

PREFERRED QUALIFICATIONS

  • Experience with cash management accounts, escrow/reserve account disbursements, insurance/tax issues, property releases, and loan payoffs
  • Experience working with lenders, borrowers, property managers, and/or legal counsel
  • Real estate law, appraisal, accounting/auditing
  • Experience with McCracken/Strategy and RECWeb loan servicing systems
  • Legal document review and interpretation

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.

36032BR

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