Press ENTER to learn more about SitusAMC Press ENTER to search jobs

SVP, Asset Management in US - NY - New York (JR01214)

Job DescriptionJob Attributes+

  • Job ID

    JR01214

  • Job Category

    Operations

  • Business Unit

    Unspecified

  • Job Location

    US - NY - New York

Overview

SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

This position is supervisory and has direct reports. This role is responsible for overseeing a team(s) of asset managers focused on the management of a portfolio of highly complex commercial real estate loans. Provide a high level of loan surveillance support to clients by monitoring and reporting on property level cash flows, rent rolls, market conditions and property valuations for a nationwide portfolio of loans across all types of commercial real estate property types, including Construction Loans. The incumbent is expected to mentor staff, develop and present solutions to address and resolve performance issues, and represent the company through client interactions. This position requires a strong command of loan underwriting and loan valuation as it relates to most property types with the ability to handle all transaction types without input from senior management.

Essential Job Functions

  • Oversee staff assigned to perform periodic asset reviews, reserve and construction draw reviews and other credit functions related to asset management; determine servicing requirements and key requirements as needed.    
  • Oversee asset management specific training for new hires and contribute to the design of content for continued education and required training hours for all asset management personnel.
  • Oversee task allocation and staffing utilization for all client dedicated and pooled asset management personnel to ensure equitable distribution of labor while maintaining a high level of quality deliverables to clients.
  • Ensure tasks assigned to asset management personnel are completed timely and adhere to all internal control requirements, audit standards and client requirements.
  • Ensure asset management personnel receive regular feedback on performance, goal achievement and professional development.
  • Possess Excel skills sufficient to perform vlookup, pivot and other functions to understand and reconcile data. 
  • Demonstrate and encourage continuous process evaluation to identify ways to improve efficiency, productivity, and accuracy.  Draft related processes and procedures as needed.
  • Analyze and interpret legal documents associated with asset management, including loan documents and servicing agreements.
  • Perform QC on completed work products and communicate feedback as needed.
  • Stay abreast of changes in industry standards.
  • Monitor Portfolio Performance through review of Watch List, delinquency, and maturing loan report.
  • Manage Investor and Borrower relationships.
  • Re-underwrite and value commercial real estate assets for placement onto warehouse lines determining whether the assets meet the criteria established for placement on the line.
  • Make recommendations in connection with borrower requested transactions.
  • Manage infrastructure relationships: team/collaborative approach in accomplishing objectives
  • Such other activities as may be required in the normal course of business, or as assigned by management.

Qualifications/ Requirements:

  • Bachelor’s degree in Accounting/ Finance/ Real Estate/ management, or combination of education and/or experience strongly preferred

  • Minimum of 12+ years of industry and/or relevant experience, typically with 2+ years in a VP level role or external equivalent
  • Experience in real estate, REO resolutions and workout strategies
  • Experience in understanding real estate valuation methodology, analyzing income and expense rates and property valuation
  • Relevant management experience preferred
  • Proven experience with tenant and borrower level credit overviews
  • Strong Excel skills
  • Ability to multitask
  • Strong attention to detail and accuracy
  • Strong communication skills (written and oral)
  • Strong analytical abilities, good judgment, strategic and process thinking
  • Detail oriented
  • High degree of professionalism
  • Ability to work as a team player
  • Pro-active approach to problem recognition and resolution
  • Strong leadership skills
  • Ability to manage direct reports

Special Requirements:

  • The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment

  • Overnight traveling involving onsite visits with current and potential clients (5%)

Working Conditions:

  • Office environment with frequent computer, mouse, keyboard use
  • Alternating between sitting or standing as needed
  • Hearing, talking, reaching, grasping

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

The annual full time base salary range for this role is

$200,000.00 - $250,000.00

Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Pay Transparency Nondiscrimination Provision

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Know Your Rights, Workplace Discrimination is Illegal

SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

Our Benefits

Icon representing the concept of powerful futures

Powerful futures

- Annual compensation reviews
- Retirement benefits
- Education allowance program
- Matching gifts program
- Employee referral bonus programs
- Other region-specific incentives

Learn More
Icon representing the concept of peace of mind

Powerful peace of mind

- Competitive vacation policies, holidays & other paid leaves
- Family-friendly leave policies, including maternity, - paternity & other family situations
- Employee wellness platform
- Employee assistance program
- Employee discount program
- Commuter benefits & travel assistance
- Volunteer program

Learn More
Icon representing the concept of strong health

Powerful health

- Robust medical & other insurance plans
- Personal & family wellness benefits
- Savings programs & discounts for health expenses
- Disability, accident & life insurance

Learn More
What it’s like to

Be part of the Talent Sourcing & Dedicated Client teams

Our experienced team draws upon their extensive knowledge and connectivity to identify, attract, and manage top-tier talent that enables our clients to operate more efficiently and effectively. As a member of our Talent Solution’s team, you’ll be an integral part in powering opportunity for world-class clients - up and down the capital stack and across the real estate lifecycle.

SitucAMC Team Member Working
Part of a global team

Our US offices

Whether you’re working in one of our Real Estate businesses, or in Technology or a Corporate function, you’ll have plentiful learning opportunities and be greeted by a team who values your contribution. And, when it comes to benefits, you can expect above-and-beyond offerings supporting your emotional, physical and financial wellness.
US - NY - New York
SVP, Asset Management

“I look forward to team meetings, training, development and coaching opportunities. It gives me the interaction with people that I need and appreciate. The more I learn, the more I feel like I can grow with the company. I enjoy coaching others, sharing knowledge gained and finding ways to make our job more efficient.”

Cindy Buchanan

QC Specialist II

“You must treat each client like they are your only client. We put customer service at the forefront of our service offering.”

John Wadle

Director of Servicing Quality Control

“I’m grateful for my ability to adapt because the industry is very fast-paced and always changing. I get put on special projects all the time, which I really like, because it expands my skillset and range of experience. But you need to be able to roll with the punches and stay light on your feet. I’ve done everything from appraisals to modifications to reverse mortgages, which is great, because I’ve always been able to adapt and learn quickly.”

Jon Addison

Senior Analyst

SitusAMC

Who we are

SitusAMC is a leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. We help clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.

Working among the best talent in real estate, you’ll be a part of some of the most relevant things happening in the industry and engage in interesting and exciting work. You’ll be embraced by a culture that celebrates innovative thinking and empowers you to get the job done. Come join us in Powering Opportunity for those we proudly serve.

30+
Years of delivering results
5000+
Professionals
600+
Technologists
25+
Global Offices
1500+
Clients
US - NY - New York
SVP, Asset Management