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Sr. Associate / Vice President - Special Servicing Asset Management

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Remote
 FL
Postal Code
33139
Country
United States

This job is no longer active.

Description


Our client is the nation’s largest publicly traded commercial mortgage REIT, focused on investing in, originating and servicing commercial real estate debt.  A one-stop shop, with the ability to commit and close quickly, they lend seamlessly through the entire capital stack. 

Our client is looking to add a Sr. Associate / VP Asset Manager who will be  responsible for resolving a moderately complex portfolio of performing and non-performing specially serviced loan issues.  The Vice President must be able to work independently, at the direction of the Team Leader, yet be able to quickly recognize difficult situations and seek guidance from the Team Leader and Counsel.

 

This role be remotely located and initially hired on a full-time basis.

 

Job Duties and Responsibilities:

•           Manage moderately complex performing loan issues (NT's) and specially serviced (SS) loans serviced by special servicer or as owner of the loan and ensure assets are effectively and expeditiously resolved.

•           Establish a workout strategy on SS assets including understanding real estate markets, property deficiencies, Borrower deficiencies, and to ascertaining the value of a real estate asset.

•           Prepare written Approval Recommendations on NT’s in a timely fashion.

•           Maintain the special servicer's data system files for assets.

•           Complete accurately property and loan valuations using special servicer's proprietary models.

•           Meet all Compliance requirements in the applicable Servicing Agreements, in a timely fashion.

•           Consult with team Leader on any unusual or difficult situations arising on assets, as necessary.

•           Manage, train and utilize Loan Analysts to increase efficiency.

•           Underwrite loan assets for new acquisitions and re-underwriting, as assigned.

•           Work effectively and maintain good relationships with outside counsel and internal departments (Legal, Servicing, Accounting).

•           Mentor and train junior asset managers and analysts.


Knowledge and Skills:

•           Ability to structure, negotiate and close performing and non-performing loan resolutions.

•           Strong real estate background & understanding of specific property-type and property-level issues.

•           Understanding of complex real estate loan documents.

•           Good verbal and written communication skills.

•           Good computer skills including Word, Excel and Outlook.

 

Education and Experience:

•           Bachelor’s degree with Graduate degree preferred (or additional work experience).  

•           Minimum of 5-7 years experience in loan asset management including resolution of performing loan issues, workouts and litigation, or other related transferable skills.

 

 

About SitusAMC

SitusAMC is the leading provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors, across the life cycle of commercial and residential real estate debt and equity. The firm employs more than 3,300 employees with offices in 27 markets across the U.S., Europe and APAC.

 

SitusAMC brings together the industry’s top talent, unparalleled platform and innovative technologies to help clients optimize returns, identify risk, transform processes and infrastructure, and ultimately, realize opportunities in their businesses.

 

 

We are an equal opportunity employer (m/f/d/v).

This Employer Participates in E-Verify

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management Remote Full Time FL Asset Management, Financial Analysis, Legal Associate / Senior Associate Asset Management other