Commercial Mortgage Servicing Asset Analyst
Full Time
Des Moines, IA 50392
Posted
Job description
What You'll Do:
Who You Are:
What You’ll Do
As an Asset Analyst in Commercial Mortgage Servicing, you’ll serve borrowers’ needs for the proactive servicing of an assigned portfolio of commercial real estate loans, including escrow releases, lease reviews, loan underwriting, and amended loan documents. You’ll perform risk analysis and recommend course of action to various parties including portfolio managers, underwriting staff, clients and others.
Other kinds of things you’ll do:
- Complete commercial real estate mortgage loan servicing duties which includes:
- Monitor borrowers’ compliance with loan documents and the structuring, documenting and closing of complex servicing transactions.
- Complete analysis to make effective risk recommendations and provide creative solutions that meet the borrowers’ needs.
- Present recommendations to Commercial Mortgage Servicing staff, portfolio managers and other servicers.
- Perform risk management duties by proactively monitoring problem loans and communicate with portfolio managers and others. Analyze, document and negotiate loan modifications to minimize potential risk.
- Deliver quality customer service in order to obtain client and borrower satisfaction.
Operating at the intersection of financial services and technology, Principal builds financial tools that help our customers live better lives. We take pride in being a purpose-led firm, motivated by our mission to make financial security accessible to all. Our mission, integrity, and customer focus have made us a trusted leader for more than 140 years!
Who You Are:
We’re looking for someone with:
- Bachelor's degree in a finance, real estate or related field.
- Ability to read legal documents, assess and offer suggestions.
Skills That Will Help You Stand Out
- Strong analytical skills and excellent verbal and written communication skills.
- Ability to analyze and interpret loan documents, assess risk, and make recommendations based on independent analysis.
- Strong organizational skills, attention to detail, and ability to meet deadlines.
- Experience with MS Office suite.
About Principal Asset Management
Principal Asset Management, a subsidiary of Principal Financial group, offers global asset management expertise across a diverse set of traditional and alternative asset classes via specialized investment teams including Principal Asset Allocation, Principal Global Equities, Principal Global Fixed Income, Principal Real Estate Investors, and many others.
Location
This role will be based out of our World Headquarters located in Des Moines, IA.
Work Environments
This role offers the ability for in-office or hybrid (blending both office and remote work in a typical workweek) work arrangements. You’ll work with your leader to figure out which option may align best based on several factors.
Job Level
We’ll consider talent at the next level with the right experiences and skills. The next level would be looking for someone who has 3+ years related servicing/underwriting/closing experience or equivalent.
Work Authorization/Sponsorship
At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.
Nonimmigrant Workers and Green Card for Employment-Based Immigrants
Investment Code of Ethics
For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.
Experience Principal
At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.
Principal is an Equal Opportunity Employer
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.
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