Loan Surveillance Analyst II
Northmarq, Minneapolis, MN, United States
Northmarq is seeking an experienced Surveillance Analyst II based in its Bloomington, MN office. This position requires a deadline‑driven, service‑focused, and detail‑oriented individual who will be responsible for financial statement and rent roll analysis, property inspection review, watchlist monitoring, reserve disbursements, and other loan surveillance tasks for the Portfolio & Asset Management Department. Additional responsibilities may be added to align with department strategies and objectives.
Responsibilities
Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
Plan and manage own workload to efficiently meet benchmarks within the department.
Review and assess commercial property inspections to identify risk in accordance with lender requirements.
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.
Review and analyze financial covenants, trigger events, and DSCR tests.
Follow up with borrowers and management companies regarding variances and general income and expense questions.
Review and make recommendations for releases from reserve accounts for capital replacements and tenant improvements and leasing commission expenses.
Monitor maturing loans and provide the required notices to borrowers.
Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
Conduct loan surveillance through borrower/lender interaction and property analysis.
Perform other reasonable tasks/projects as assigned within the department.
Qualifications
Associate’s or bachelor’s Degree, preferably in business, finance, or accounting.
2 to 4 years of experience in finance or accounting preferred.
Proficient knowledge of Microsoft Outlook, Excel, and Word.
Ability to identify and analyze collateral risk.
Good verbal and written communication skills.
Ability to work efficiently in a fast‑paced environment while meeting critical deadlines.
Strong organizational skills, detail‑oriented with a strong emphasis on accuracy and data integrity.
Demonstrated work ethic and willingness to work extended hours when necessary.
Problem‑solving skills to reflect the level of responsibilities.
Ability to maintain sensitive and confidential information.
Benefits
Northmarq offers a highly competitive benefits package including medical, dental, vision, paid time off, 401(k) match with 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.
Salary
Minnesota residents: $70,000.00 to $85,000.00 annually. The range is a good faith estimate and actual compensation will depend on the candidate’s skills, qualifications, and experience.
Equal Employment Opportunity
As set forth in Northmarq’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.
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Responsibilities
Provide premier customer service to lenders, borrowers, other servicing staff, and regional offices.
Plan and manage own workload to efficiently meet benchmarks within the department.
Review and assess commercial property inspections to identify risk in accordance with lender requirements.
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.
Review and analyze financial covenants, trigger events, and DSCR tests.
Follow up with borrowers and management companies regarding variances and general income and expense questions.
Review and make recommendations for releases from reserve accounts for capital replacements and tenant improvements and leasing commission expenses.
Monitor maturing loans and provide the required notices to borrowers.
Monitor and update monthly loan reports utilized by investors and management to analyze portfolio risk.
Conduct loan surveillance through borrower/lender interaction and property analysis.
Perform other reasonable tasks/projects as assigned within the department.
Qualifications
Associate’s or bachelor’s Degree, preferably in business, finance, or accounting.
2 to 4 years of experience in finance or accounting preferred.
Proficient knowledge of Microsoft Outlook, Excel, and Word.
Ability to identify and analyze collateral risk.
Good verbal and written communication skills.
Ability to work efficiently in a fast‑paced environment while meeting critical deadlines.
Strong organizational skills, detail‑oriented with a strong emphasis on accuracy and data integrity.
Demonstrated work ethic and willingness to work extended hours when necessary.
Problem‑solving skills to reflect the level of responsibilities.
Ability to maintain sensitive and confidential information.
Benefits
Northmarq offers a highly competitive benefits package including medical, dental, vision, paid time off, 401(k) match with 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.
Salary
Minnesota residents: $70,000.00 to $85,000.00 annually. The range is a good faith estimate and actual compensation will depend on the candidate’s skills, qualifications, and experience.
Equal Employment Opportunity
As set forth in Northmarq’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.
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