Loan Surveillance Analyst II at Northmarq

<p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to&nbsp;experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with&nbsp;best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started.&nbsp;Your new career is waiting. Start something special today.&nbsp;<em><strong>Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate!&nbsp;</strong></em></span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Northmarq is seeking an experienced Surveillance Analyst II based in its <strong>Bloomington, MN </strong>office. This position requires a deadline-driven, service-focused and detail-oriented individual who would be responsible for financial statement and rent roll analysis, property inspection review, watchlist monitoring, reserve disbursements, and other loan surveillance tasks for the Portfolio &amp; Asset Management Department. Additional responsibilities may be added to align with department strategies and objectives.</span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><strong><em>*This role supports a flexible schedule that prioritizes in‑office teamwork, with flexibility for remote work when appropriate.</em></strong></span></p> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><strong>Responsibilities:</strong></span></p> <ul> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Plan and manage own workload to efficiently meet benchmarks within the department.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Review and assess commercial property inspections to identify risk in accordance with lender requirements.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Analyze annual and quarterly financial statements for multifamily and commercial properties in accordance with the requirements of Life Insurance Company, Freddie Mac, Fannie Mae, Conduit Lenders and other investors.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Review and analyze financial covenants, trigger events, and DSCR tests.&nbsp;</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Follow up with borrowers and management companies regarding variances and general income and expense questions.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Review and make recommendations for releases from reserve accounts for capital replacements and tenant improvements and leasing commission expenses.&nbsp;</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Monitor maturing loans and provide the required notices to borrowers.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Conduct loan surveillance through borrower/lender interaction and property analysis.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Perform other reasonable tasks/projects as assigned within the department.</span></li> </ul> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><strong>Qualifications:</strong></span></p> <ul> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Associate's or<strong> </strong>bachelor’s Degree, preferably in the business, finance, or accounting area.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">2 to 4 years of experience in finance or accounting preferred.&nbsp;</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Proficient knowledge in the use of in Microsoft Outlook, Excel, and Word</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Ability to identify and analyze collateral risk</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Good verbal and written communication skills</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Ability to work efficiently in a fast-paced environment while meeting critical deadlines.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Strong organizational skills, detail-oriented with a strong emphasis on accuracy and data integrity.</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Demonstrated work ethic and willingness to work extended hours when necessary</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Problem-solving skills to reflect the level of responsibilities</span></li> <li style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;">Ability to maintain sensitive and confidential information</span></li> </ul> <p><span style="font-size: 12pt; font-family: helvetica, arial, sans-serif;"><em><strong><span data-olk-copy-source="MessageBody">Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and an annual discretionary contribution based on business performance, paid parental leave and adoption assistance, education assistance, volunteer paid time off, charitable contribution match and so much more!</span></strong></em></span></p> <p><span style="font-size: 8pt; font-family: helvetica, arial, sans-serif;">Minnesota Residents: Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary range for the Surveillance Analyst II position is $70,000.00 to $85,000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.</span></p> <p><span style="color: rgb(255, 255, 255); font-size: 12pt; font-family: helvetica, arial, sans-serif;"><em><strong><span data-olk-copy-source="MessageBody">#LI-Onsite #LI-LA1</span></strong></em></span></p>