Portfolio Manager, Construction and Rehab

Portfolio Manager, Construction and Rehab

The Portfolio Manager – Construction and Rehab will be responsible for the performing agency portfolio consisting of Fannie Mae, Freddie Mac, HUD, and conduit loans with a large holdback component (in excess of $250k and/or an aluminum wiring abatement requirement) and will assess portfolio quality, identify areas of risk, evaluate long-term viability and performance, and proactively mitigate potential loss. Additionally, this position is responsible for ensuring Completion and Immediate repairs, Capital Improvements, Rehabilitation and Re-stabilization components are completed in a timely and satisfactory manner.

Essential Job Functions (Duties/Responsibilities)

The Portfolio Manager will have the following duties and responsibilities, including but not limited to:

• Monitor quality and performance of an assigned commercial loan portfolio.
• Review contracts, contractor requisitions, change orders and draw requests.
• Ensure borrower adherence to budget, schedule, and design goals. Review process extensions and/or change requests where necessary to ensure adherence to loan documents and investor requirements.
• Request and review documentation relative to any Escrowed Reserves including Replacement Reserves, Completion and Immediate Repairs, Capital Improvements, Rehabilitation, and Re-stabilization Reserves to determine and recommend release of funds.
• Loan document review and interpretation.
• Identify areas of risk and evaluate long term viability of loans.
• Responsible for completing quarterly financial analyses to evaluate projects performance and discuss with borrowers any substantial variances noted.
• Conduct physical property inspections, as required by the investor, in order to evaluate property condition, ensure completion of Completion and Immediate repairs, Capital Improvements, and Re-stabilization items and follow up on any deferred maintenance observed.
• Complete risk ratings as a means to proactively mitigate potential risk associated with each asset within the portfolio.
• Responsible for ensuring loans meet standards relative to final disbursements this may include Occupancy and EGI minimums.
• Request and review documentation relative to any reallocation requests, insurance losses, easements, partial releases and any other issues that may arise to determine and recommend release of funds.

Qualifications

Education: Bachelor’s degree in Construction Management, Real Estate, Engineering, Finance, Business Administration or related field preferred.

Experience: Minimum of three (3) years Construction Management or related experience with an emphasis on large construction and development projects preferred.

Knowledge/Skills/Abilities:

• Exposure to real estate, risk and financial analysis, valuation of commercial real estate properties, underwriting or asset management, client relationship management, distressed loan workouts, capital markets and property rehabilitation
• Basic knowledge of building types, building construction and maintenance
• Experience with budget & milestone/schedule development, project management and tracking
• Strong written, spoken, presentation, and organizational skills
• Intellectual agility and interpersonal flexibility to collaborate successfully with internal and external partners
• Strong work ethic, the ability to prioritize competing work assignments and meet deadlines
• Advanced Microsoft Office Skills
• Loan servicing system experience a plus

Arbor Realty Trust, Inc. offers a competitive base salary and discretionary bonus. The starting base salary range for this position is $70,000 to $90,000. The specific compensation that will be offered is based on an understanding of the hired candidates' qualifications at the time of hire. Employees are eligible for a discretionary bonus based on employee work performance reviewed during the course of the year.

The total compensation package for this position will also include other elements, a full range of medical, and/or other benefits including 401(k) eligibility and paid time off benefits.

We are proud to be an equal opportunity employer and are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers and business partners. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy or any other legally protected status. We are committed to working with and providing reasonable accommodations to individuals with disabilities.