VP, Asset Management – CRE Special Servicing in US - Remote (JR01811)

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

• With input from Director, 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

• With input from the Director, 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

• With participation from the Director, interview, select and oversee property managers upon obtaining title through foreclosure or other legal settlement options

• With participation from the Director, interview, select and oversee brokers and negotiate property sales upon obtaining property through foreclosure or other legal settlement options

• With participation from the Director, 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

• Other activities as may be assigned by your manager

Qualifications/ Requirements:

• Bachelor’s degree with a preferred field of study in Finance, Real Estate, Management or equivalent combination of education and experience

• Minimum of 8+ years of industry and/or relevant experience, typically with 2+ years in an AVP level role or external equivalent.

• Minimum of 6+ years of real estate finance/loan workout-restructuring industry experience

• Broad understanding of Special Servicer requirements and responsibilities within CMBS (conduit) transactions, i.e., Pooling & Servicing Agreements, Mortgage Loan Purchase Agreements

• Analytical abilities on most property types including commercial property valuation and financial statement review

• Competency with review and interpretation of commercial real estate loan documents and security instruments

• Good oral and written communication skills

• Good negotiating skills with borrowers, sponsors, and attorneys desired.

• 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 general guidance from the Director, and collaborate as a team player

Special Requirements:

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

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