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SVP, Special Servicing in Remote (14561)

Job DescriptionJob Attributes+

  • Job ID


  • Job Category

    Special Servicing

  • Business Unit

    Commercial Real Estate

  • Job Location

    Remote Location


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 role under direction of senior management, will have management responsibility of assigned troubled and non-performing loans and/or real estate properties as well as ad hoc processing of loan assumption and lender consent requests. This position requires a command of loan underwriting and loan valuation as it relates to most property types with the ability to handle virtually any transaction related issue with minimal input from senior management.

Essential Job Functions:
  • Day to day management of assigned loans, REO and other assets to meet or exceed financial performance objectives and minimize risk of loss
  • Negotiate resolution of troubled or non-performing loans with individual borrowers and sponsors
  • Work on multiple loan and REO resolutions concurrently
  • Analyze property level cash flows and rent rolls to estimate mark-to-market income and expenses and property valuation
  • Review third-party reports including appraisals, property inspections, and environmental assessments
  • Develop and evaluate all loan resolution alternatives on an NPV basis and recommend optimum resolution strategy for individual assets and document in an asset business plan
  • Develop operating plans/budgets and recommend optimum liquidation strategy for individual REO assets and document in an asset business plan
  • Obtain Investment Committee and servicing agreement approvals to execute loan or REO workout strategies
  • Interview, select and oversee property managers upon obtaining title through foreclosure or other legal settlement options
  • Interview, select and oversee brokers and negotiate property sales upon obtaining property through foreclosure or other legal settlement options
  • Interview, select and oversee legal counsel as required, to pursue lender remedies and secure lender cash and real estate collateral
  • Working with assigned Asset Analyst, ensure compliance with all requirements of the Servicing agreements, in connection with assigned loans or REO, as determined by the Compliance Manager
  • Frequent interaction with clients to discuss asset strategies, special requests, and updates
  • Decisions made daily in connection with the management and successful resolution of assigned loans and/or REO
  • Escalates issues to Management as appropriate, with recommendations for problem loan/REO resolution
  • Such other activities as assigned by the Director - Special Servicing and Management
Qualifications/ Requirements:
  • Bachelor’s degree with a preferred field of study in Finance, Real Estate, Management or equivalent combination of education and experience
  • Minimum eight (8) to ten (10) years real estate finance/loan workout-restructuring industry experience
  • Thorough understanding of Special Servicer requirements and responsibilities within CMBS (conduit) transactions, i.e., Pooling & Servicing Agreements, Mortgage Loan Purchase Agreements
  • Strong analytical abilities on all property types including commercial property valuation and financial statement review
  • Competency with review and interpretation of commercial real estate loan documents and security instruments
  • Very Good oral and written communication skills
  • Very Good negotiating skills
  • Experience with NPV analysis of property and loan cash flows and asset budget preparation
  • Ability to manage multiple priorities
  • Strong Excel skills
  • Proficient with Microsoft Windows applications
  • Able to work independently on projects and assigned loans/Reo with minimum supervision, and collaborate as a team player
Special Requirements:
  • The employee may be required to periodically meet with other team members and Management at different off-site locations for additional training and team building
  • Occasional travel may be required in connection with the management and special servicing of an assigned real estate loan or property portfolio
Working Conditions:
  • Dedicated Home Office environment with frequent computer use
  • Sitting for extended periods of time
  • 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 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.

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.
Job Location: Remote, RE, USA
Country: USA
The annual full time base salary range for this role is ($100,000 - $210,000). 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.

Our Benefits

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Powerful futures

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

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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

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Powerful health

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

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What it’s like to

Be part of the Commercial Real Estate team

Working alongside top talent in the commercial real estate industry, you’ll help guide leading organizations through the entire commercial real estate lifecycle, from originations and secondary market activity to valuations, loan servicing and asset management.

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.
SVP, Special Servicing

“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


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.

Years of delivering results
Global Offices
SVP, Special Servicing