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HomeStreet Bank Asset Manager V, Commercial Real Estate (Downtown - Seattle, WA) in Seattle, Washington

Salary Range: $98,200.00 - $161,900.00 (Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.) Posting Date: December 5, 2024 This job will be open and accepting applications for a minimum of three days from the date it was posted. Benefits* worth writing home about: Medical, dental, and vision coverage for employees and their families Life, disability and family Leave 401(k) and Roth 401(k) with employer match Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work Free employee checking account and employee home loan discounts *For eligible employees averaging 20 or more hours per week. EO/AA Employer including Vets and Disabled. Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements. If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our privacy policy. California applicants may click this link Fair Chance Ordinance for Los Angeles County to see additional information. Job Description Summary: CRE Asset Manager V provides a primary point of contact for borrowers, internal departments and investors regarding HomeStreet Commercial Real Estate loans. This role is responsible for managing an assigned portfolio of complex CRE loans, including participation loans, construction projects, multiple collateral and linked finance structures, performing a wide range of risk management and borrower/investor service tasks, such as property and/or borrower financial analysis, property inspection, loan covenant management and enforcement, including defaulted loan management. This role ensures that all Asset Management functions are performed in accordance with HomeStreet CRE Lending Policy and Procedures, and investor guidelines where applicable. This role is supported by portfolio designated Credit Analysts and general Servicers. Job Details: PRIMARY FUNCTIONS: Review loan documents for covenants, maintaining strict tickler system to ensure compliance. Analyze property level operating information to determine if collateral real estate is performing in accordance with underwritten and investor guidelines, and market comparable properties. Analyze borrower and/or guarantor financial information, including individual and/or corporate tax returns to determine financial ability for loan obligors to meet loan requirements and project needs. Perform and/or review property inspections or project progress reports to ensure collateral is being maintained/operated in accordance with loan requirements and commercially reasonable parameters. Monitor assigned portfolio for loan credit risk in accordance with HomeStreet and investor Watchlist compliance guidelines, including annual Asset Quality Rating (AQR) reviews and Problem Loan Reports. Administer borrower requests for lender consent and disbursements from loan proceeds and/or reserves, including insurance loss draft proceeds, as needed. Manage maturing loans through payoff or conversion, including preparation of payoff quotes and documents as needed. May supervise a team of Asset Managers Mentor junior members of the Asset Management team. Monitor staff due dates to ensure required timelines are met. Provide backup to head of Asset Management. REQUIRED QUALIFICATIONS: High school diploma or equivalent required, Bachelor's in related field preferred. E

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