Asset Management Reserve Associate – Commercial Real Estate

🔥 1 hour ago

🌪️ Kansas, Missouri, +1 more states – Remote

🌪️ Kansas – Remote 🏰 Missouri – Remote 🤠 Texas – Remote

💵 $75k - $90k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

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The Community Preservation Corporation

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 1974

🏗️ Construction

🏠 Real Estate

💸 Finance

Construction • Real Estate • Finance

The Community Preservation Corporation is a national nonprofit lender and investor that finances, acquires, and preserves affordable, workforce, and sustainable multifamily housing. It provides construction and bridge loans, permanent mortgage products (including as a nonprofit-owned Freddie Mac, Fannie Mae, and FHA lender), and equity investments, while administering programs to advance electrification, climate-friendly building practices, and developer access for underserved communities. CPC leverages decades of housing finance and public policy expertise to expand affordable housing, promote long-term affordability and stability, and support community-scale sustainability and economic inclusion across the U. S.

📋 Description

• Independently manage an assigned portfolio of loans with reserve requirements, ensuring compliance with loan documents, Agency guidelines, servicing agreements, and internal policies. • Review and evaluate reserve draw requests, exercising judgment to determine eligibility, identify exceptions, and recommend approval, denial, or escalation. • Analyze reserve activity, property condition information, and repair progress to identify emerging risks and proactively recommend corrective actions. • Monitor compliance with immediate repair requirements, deferred maintenance obligations, life-safety items, insurance-related repairs, and capital improvement plans. • Coordinate and oversee Property Needs Assessments (PNAs), engineering reports, inspections, and other third-party reviews to support reserve administration and risk management. • Interpret loan documents, reserve agreements, inspection reports, and investor requirements to ensure accurate application of servicing standards. • Serve as a primary point of contact for borrowers, property managers, consultants, attorneys, and vendors regarding reserve-related matters and compliance requirements. • Partner with Asset Managers and other servicing teams to evaluate property performance concerns and recommend appropriate reserve-related solutions. • Prepare portfolio analyses, exception reports, trend reporting, and management summaries to support decision-making and risk oversight. • Support investor, Agency, and audit requests through research, analysis, and documentation review. • Identify opportunities to improve operational efficiency, controls, reporting, and reserve administration practices; participate in the implementation of process improvements and workflow enhancements. • Assist in training team members and promoting consistent application of reserve policies and procedures across the Asset Performance function. • Support in ad-hoc or team projects as assigned.

🎯 Requirements

• Bachelor’s degree in Finance, Real Estate, Business, Construction Management, or a related field preferred. • 3+ years of experience in commercial real estate servicing, asset management, reserve administration, construction review, property operations, or related field ideal. • Experience reviewing and interpreting loan documents, reserve requirements, and investor guidelines. • Familiarity with Fannie Mae, Freddie Mac, FHA, or other commercial real estate servicing programs preferred. • Strong analytical, problem-solving, and decision-making skills. • Ability to assess risk, identify issues, and recommend appropriate resolutions. • Strong organizational skills with the ability to manage a portfolio of responsibilities independently. • Excellent written and verbal communication skills with the ability to interact effectively with borrowers, consultants, attorneys, investors, and internal stakeholders. • Advanced proficiency in Microsoft Excel and experience working with servicing, workflow, and reporting systems. • Ability to manage competing priorities in a fast-paced environment while maintaining a high degree of accuracy and professionalism. • Occasional travel as business needs require.

🏖️ Benefits

• Competitive compensation • 401(k) retirement plans with employer match • Medical, dental, and vision benefits for employees and their dependents • Commuter benefits • PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability • Tuition assistance program • Two “work from anywhere” weeks per year • Summer Fridays • Collaborative working spaces • Service days to support our communities • Employee development and engagement events