Loan Surveillance Analyst II

At Northmarq, you can be part of something special. Northmarq is a unique capital markets resource for commercial real estate investors, providing our clients access to experts in debt, equity, investment sales, loan servicing, and fund management. We offer you a career path with best-in-class training, and we foster inclusive teams committed to collaboration, mentoring, and growth. At Northmarq, we will help you unlock your potential – whether you are an industry veteran or you’re just getting started. Your new career is waiting. Start something special today. Northmarq was voted by Real Estate Forum as one of The Best Places to Work in Commercial Real Estate! 

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 would 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.

*This role supports a flexible schedule that prioritizes in‑office teamwork, with flexibility for remote work when appropriate.

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 the business, finance, or accounting area.
• 2 to 4 years of experience in finance or accounting preferred. 
• Proficient knowledge in the use of in 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

Northmarq offers a highly competitive benefits package including: medical, dental, vision, paid time off, 401K match and 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!

Minnesota Residents: Northmarq carefully considers multiple factors to determine compensation, including a candidate’s education, training, and experience. The salary range for the Surveillance Analyst II position is $70,000.00 to $85,000.00 annually. This range is a good faith estimate and the actual compensation that is offered to a successful candidate will depend on the candidate’s skills, qualifications, and experience.

#LI-Onsite #LI-LA1