Senior Operations Analyst, Loan Servicing

Job Description

Brookfield Asset Management (NYSE/TSX: BAM) is a leading global alternative asset manager with approximately $1 trillion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit. Our objective is to generate attractive, long-term risk-adjusted returns for the benefit of our clients and shareholders. Brookfield Asset Management manages a range of public and private investment products and services for institutional and retail clients. We earn asset management income for doing so and ensure strong alignment of interests with our clients by investing alongside them. Our access to large-scale capital enables us to make investments in sizeable, premier assets and businesses across geographies and asset classes that we believe few others can.

Brookfield Credit manages approximately $305 billion of assets globally, focused on a broad range of private credit investment strategies, including infrastructure and renewable credit, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield’s substantial credit history with strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world’s largest and most experienced credit managers globally, we deliver flexible, specialized capital solutions to borrowers, and attractive risk-adjusted returns to our investors.

Position Summary:

The Loan Servicing Senior Operations Analyst is responsible for the Statutory and GAAP accounting and reporting for the Mortgage and Real Estate portfolios of our Credit and Insurance clients. The position is key to successfully facilitating a SOC 1 controlled environment and will be a key contributor of our growing credit operations team and will report to the Director, Mortgage Loan Servicing. The role will be based in Brookfield’s Toronto office at Brookfield Place.

Responsibilities:

• Assists with training and mentorship efforts for junior team members.

• Makes recommendations and leads efforts to improve upon the service levels of the Commercial Mortgage Loan Servicing Operations team and the broader Investments Department.

• Manages, coordinates and monitors the timely collection of all due diligence for the closing process and responsible for onboarding new and processing ongoing life cycle activity related to Mortgage Loans.

• Performs and analyzes monthly reconciliation of principal to correspondents.

• Completes and evaluates quarterly correspondent certification review and reconciliations.

• Maximizes the integrity and utilization of information entered into the Loan Servicing system for daily, monthly, quarterly and annual reporting.

• Ensure timely recording of data to facilitate regulatory requirements.

• Evaluates and updates control documentation for the various mortgage loan processes.

• Creates and evaluates reports for distribution to Senior Management, Underwriters, Investment department and rating agencies.

• Works collaboratively with IT to develop, automate and maintain reports.

• Works with outside parties to facilitate issue resolution.

• Performs other related work as required.

Qualifications & Requirements:

• Bachelor’s degree in commercial real estate, finance or related field of study from leading institution

• 5+ years relevant work experience – commercial mortgage loan closing, accounting, reporting and portfolio analysis or related experience.

• Master in Finance or Accounting, CPA, MBA and/or CFA is a plus

• Knowledge of the investment industry, including financial data management and reporting as well as applicable laws, rules and regulations.

• Excellent judgement and analytical skills combined with attention to detail and thoroughness

• Excellent organizational skills to effectively manage priorities and meet deadlines while meeting timelines within a fast-paced work environment

• Strong communication skills with the ability to present clearly and offer practical advice

• Self-motivated and proactive with the ability to operate independently

• Ability to read, analyze, and interpret technical journals, financial reports, and legal documents from regulatory agencies, and other members of the business community.

• Ability to work with mathematical concepts and apply to practical situations.

• Ability to define problems, collect data, establish facts, and draw valid conclusions.

• Proficient with Aladdin, Precision LM, MS Access, Microsoft Excel and Word.

• Ability to identify technological and other opportunities that will improve processing efficiencies and work product.

• Excellent interpersonal skills and ability to develop collaborative relationships at all levels in the organization and customers, and other outside third parties, including auditors, correspondents, underwriting & closing staff, and third-party reinsurance staff

• Team-oriented with a commitment to shared success

• High degree of professional ethics and integrity

Salary Range: $95,000 - $110,000

Our compensation structure is comprised of a base salary and a short-term incentive program (cash bonus). Cash compensation tends to vary based on geography to account for local market conditions and is set to be market competitive. Compensation decisions are based on a number of factors including relative experience, overall years of experience, industry experience, education and designations.

Position Opening Reason:

New Position