Account Mgr II-CMBS

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.

Monitor delinquencies.

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.

KeyCorp is an Equal Opportunity Employer M/F/D/V