Address
Form of workPosition Overview:
If you are a smart, curious self-motivated professional with a passion for multifamily real estate, Freddie Mac might be the employer for you! We are looking for a Multifamily Counterparty Risk Management Senior Associate to join the Servicer Compliance group. This team within the Counterparty Risk & Compliance department reviews, monitors and reports on counterparty compliance and maintains the divisions ratings as both a Master Servicer and Special Servicer.
As a Counterparty Risk Management Senior Associate, you will evaluate Seller/Servicers' compliance to eligibility requirements in the Freddie Mac Multifamily Seller/Servicer Guide and to requirements set forth in Pooling & Servicing Agreements. Your contributions will support the team's ongoing monitoring of operational risks posed to Freddie Mac by our Seller/Servicer network. Apply now and learn why there's #MoreAtFreddieMac!
Our Impact:
Our team is primarily responsible for:
- Reviewing annual Seller/Servicer certifications to ensure continued eligibility
- Monitoring custodial accounts and depository institutions
- Processing organizational change notifications
- Coordinating rating agency reviews for our role as Master & Special Servicer
- Performing various risk mitigation activities including portfolio seizures and transfers of servicing
- Ensuring accuracy of Seller/Servicer data in multiple systems
Your Impact:
In this role, you will be expected to:
- Manage Custodial Account documents/reporting for Seller/Servicers
- Conduct annual eligibility reviews of Multifamily Seller/Servicers
- Perform background searches on counterparties and executives
- Execute annual reviews of Seller/Servicers' corporate insurance policies and perform waiver analysis, if required
- Review Monthly, Quarterly and Annual post-securitization reporting from Seller/Servicers
- Process Seller/Servicer Change Notification forms
- Update Seller/Servicer information in various Multifamily systems and applications
- Respond to customer inquiries timely
- Manage and distribute Welcome & Notice letters to Seller/Servicers for Multifamily securitizations
Qualifications:
- Bachelor's Degree or equivalent experience
- 2-4 years of related professional work experience; experience in commercial real estate finance is a plus
- Ability to perform precise routine daily administrative processes is critical
- Proficiency with Microsoft Office products specifically Word, Excel and PowerPoint
- Proven ability to work accurately on projects with specific and measurable due dates and goals
Keys to Success in this Role:
- Ability to efficiently prioritize multiple projects simultaneously and be a flexible teammate
- Intellectual curiosity
- Strong verbal and written communication skills
- Ability to prioritize and be self-directed
- Excellent customer service
- Strong organizational & time management skills
- Basic understanding of securitized lending structures such as CMBS, and the parties and roles within those structures.
- Tackle and effectively complete additional tasks and assignments at the request of Senior Analysts and above
- Growth mindset
Current Freddie Mac employees please apply through the internal career site.
Today, Freddie Mac makes home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Join our smart, creative and dedicated team and you'll do important work for the housing finance system and make a difference in the lives of others.
We are an equal opportunity employer and value diversity and inclusion at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability status or any other characteristic protected by applicable law. We will ensure that individuals with differing abilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Notice to External Search Firms: Freddie Mac partners with BountyJobs for contingency search business through outside firms. Resumes received outside the BountyJobs system will be considered unsolicited and Freddie Mac will not be obligated to pay a placement fee. If interested in learning more, please visit www.BountyJobs.com and register with our referral code: MAC.
Time-type:Full time
FLSA Status:Non-Exempt
Freddie Mac offers a comprehensive total rewards package to include competitive compensation and market-leading benefit programs. Information on these benefit programs is available on our Careers site.
This position has an annualized market-based salary range of $63,000 - $95,000 and is eligible to participate in the annual incentive program. The final salary offered will generally fall within this range and is dependent on various factors including but not limited to the responsibilities of the position, experience, skill set, internal pay equity and other relevant qualifications of the applicant.
