KeyBank Account Manager II, CMBS in Overland Park, Kansas
Account Manager II, CMBSinOverland Park, KSatKey Bank- Corporate
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11501 Outlook Street
Overland Park, KS
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Job DescriptionABOUT THE JOB
Under the direction of the Manager – Portfolio Services – CMBS, the person in this position is responsible for servicing a commercial real estate portfolio in the most timely, efficient and responsible manner in order to protect the interest of investors. This is accomplished within the parameters of the servicing agreements, loan documents, policies and procedures, and applicable laws.
ESSENTIAL JOB FUNCTIONS
Monitor assigned portfolio in order to ensure compliance with specific requirements pursuant to contractual servicing agreements.
Institute and administer directives involving changes in servicing standards (i.e. establishing and implementing new technologies for reporting property inspections and financial analysis).
Perform intensive loan servicing for those loans designated by investor or servicer as not meeting their standards for performance, as well as for those loans recently returning to a performing status after bankruptcy, default or workout. Intensive servicing typically involves frequent inspections and comparable financial analysis in addition to administering rehabilitation/repair agreements and cash flow auditing.
Make recommendations (both objective and subjective) to the Watchlist Committee regarding any loan that is not meeting established standards for overall property performance.
Generate income through transaction fees and the timely collection of late charges and default interest in order to ensure the profitability of the Servicing Division and KeyCorp.
Monitor and administer the posting of all loan payments in accordance with the loan documents.
Review and process reserve disbursements in accordance with the reserve agreements.
Review/analyze insurance certificates related to the commercial property to ensure compliance with the loan documents.
Monitor and oversee the payment of all taxes and insurance as required by the loan documents.
Calculate yield maintenance and process payoffs in accordance with the loan documents and servicing agreements.
Input and maintain loan and collateral data in the loan servicing system and KCMWeb.
MARGINAL OR PERIPHERAL FUNCTIONS
Administer all borrower inquiries and requests
Assist with special projects
Train new employees
- Four-year college degree or experience commensurate with position grade
Experience in commercial mortgage loan servicing and/or underwriting
Real estate law, appraisal, accounting/auditing
Experience with McCracken/Strategy loan servicing system
Excellent verbal and written communication skills
Strong analytical skills
Legal document review and interpretation
Efficient in the use of Microsoft Word, Excel and Outlook
10 key calculator
TRAINING REQUIREDOn-the-job training
ABOUT KEY:KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $134.5 billion at March 31, 2017. Key provides deposit, lending, cash management, insurance, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. KeyBank is Member FDIC.ABOUT THE BUSINESS:Key Corporate Bank is a full-service corporate and investment bank serving the needs of mid- to large- sized businesses and focusing principally on middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector, and real estate.FLSA STATUS:ExemptKeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. 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.JobID: 28601BR