SVP, Asset Management in US - NY - New York (JR01470)

• Manages the short-term and long-term plans based on asset management goals and objectives. 

• Oversees a team of asset managers on the operational execution of portfolio risk management for client(s) based on the defined scope of work. 

• Manages and mentors staff based on the tasks in their respective job descriptions. 

• Provide leadership through the communication of vision gaining the support of each team 

• Review all work products providing feedback to the members of the team 

• Evaluate existing processes and make recommendations for improvements to the Director, asset management 

• Work closely with team leads to effectively manage workload of each team member 

• Ensure timely and accurate completion of all surveillance assignments 

• Monitors Portfolio Performance through review of Watch List, delinquency, and maturing loan report. 

• Manage Investor and Borrower relationships. 

• Assist in the business development efforts for Situs Asset Management 

• Conduct surveillance on commercial mortgage-backed securities applying a working knowledge of real estate valuation, underwriting and the loan resolution process in order to estimate losses and generate projected bond level cash flows 

• 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. 

• Ensure both short-term and long-term goals and objectives are achieved. 

• Manage upward relationships: Reporting results, securing assistance, and discussing major decisions 

• Manage infrastructure relationships: team/collaborative approach in accomplishing objectives 

• Other activities as may be assigned by your manager 

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

• Manages and mentor’s employees to ensure their success 

• Assists with managing, growing and identifying talent 

• Improving relationships with clients at a strategic and tactical level 

• Continually provide an objective assessment of staff, employee morale, products and services, and the tools used in delivering the services, and make suggestions and recommendations for ways to improve them 

• Assists in seeking out and developing new business relationships 

• Comprehensive knowledge and understanding of leases, rent rolls and underwriting revenue 

• Required to identify and understand the client’s scope of work and how SAM can add value to the client’s endeavors 

• Fully competent in handling all aspects of fieldwork as well as subject property’s competitive position and must be able to provide feedback to clients on findings and conclusions 

• Understand and handle property level financial information  

• Complete understanding of discounted cashflow modeling  

• Full understanding of asset types and leases 

• Required to have full command over tenant level and borrower level credit overviews 

• Superior business writing skills 

• Requires management responsibility for managing and directing junior level staff in meeting project deadlines 

• Proactive in the community and advance Situs’ name recognition in the industry 

• Capability for determining accurate job costing and recommending pricing for transactions and completing engagement letters with clients 

• Works independently on projects and collaborates as a team player 

• Strong leadership skills 

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