Grandbridge Asset Analyst I

Essential Duties and Responsibilities: The following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Accurately and efficiently produce required analyses of operating statements and related financial statements of commercial income-producing properties and sponsors, including identifying and researching variances, normalizing and otherwise adjusting the statements, per lender requirements.
2. Perform (or review third-party) property inspections to verify sufficient maintenance of collateral, identify and report life safety issues, and other items of deferred maintenance. Prepare and transmit the resulting reports to the lender in a timely fashion (per lender deadlines).
3. Support the analysis, underwriting and recommendation of various borrower requests, including but not limited to requests for loan modifications, collateral releases, prepayment, maturity extensions, sales/assumptions and consent to tenant leases.
4. Analyze and process borrower requests for releases of releases of funds from various reserve accounts, including but not limited to reserves for replacing capital items, reserves for leasing commissions and tenant improvements, and holdbacks for repairs or improvements.
5. Analyze and support the processing of proceeds from insurance loss claims.
6. Support the collection of delinquent loan payments, as well as the reporting of same.
7. Assist in the accurate and timely maintenance of the loan servicing system database regarding the loan accounting records, collateral-and borrower-related records, or other relevant records.
8. Identify and report borrower breaches of loan document requirements and report to managers of the department.
Required Skills and Competencies: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor's degree or equivalent education and related training
2. Good written and verbal communication skills
3. Ability to efficiently and consistently produce accurate work
4. Basic understanding of loan accounting concepts, including interest accrual methodologies and amortization
5. Ability to read and comprehend most provisions of common commercial real estate loan documents
6. Demonstrated proficiency of basic computer skills, such as Microsoft applications
7. Basic-level skills with Adobe Acrobat (i.e., creation and manipulation of .PDF files)
8. Ability to travel, occasionally overnight
Desired Skills:
1. One year of experience with commercial real estate finance
2. Working knowledge of the commercial lending programs of Life Insurance Co lenders, Fannie Mae, Freddie Mac and Commercial Mortgage Backed Securities (CMBS) conduits, including the roles and responsibilities of servicers
3. Working familiarity with commercial property operating statements
4. Basic knowledge of engineering, architectural and landscape maintenance concepts, as they relate in a practical manner to commercial structures
5. Basic knowledge of the commercial building construction process, and construction lending
6. Basic knowledge of real estate law concepts
BB&T is an Equal Opportunity Employer and considers all qualified applicants regardless of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law.

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