Special Servicing Asset Manager
New
J
JobgetherCommercial Real Estate
United StatesFull-TimeMiddle
Salary$75,000–$90,000 annually, depending on geographic location, experience, and other qualifications.
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Job Details
- Experience
- Minimum of 5 years of experience
- Required Skills
- Financial analysis
Requirements
- Minimum of 5 years of experience managing defaulted commercial or business-purpose loans.
- Strong knowledge of commercial lender default remedies, including foreclosure, trustee sales, receivership, and bankruptcy strategies.
- Solid understanding of commercial loan covenants, documentation, and servicing agreements.
- Expertise in commercial real estate fundamentals, including collateral analysis, property valuation, and market assessment.
- Prior commercial business-purpose loan underwriting experience is strongly valued.
- Proficiency with Microsoft 365, Adobe tools, and commercial loan servicing platforms like REALSynergy, Strategy, or Enterprise.
- Ability to work independently while managing multiple assets and deadlines.
- Strong negotiation, communication, and relationship-management skills.
- Ability to travel approximately 5%–25% as required.
- Successful completion of required background screening and applicable licensing requirements.
Responsibilities
- Manage an assigned portfolio of geographically diverse, non-performing commercial and business-purpose mortgage loans.
- Engage directly with borrowers to assess financial circumstances and develop resolution strategies.
- Review loan documents, servicing agreements, and credit reports to determine enforcement and workout options.
- Negotiate borrower workouts, modifications, and forbearance agreements within lender parameters.
- Evaluate and direct enforcement strategies, including foreclosure, receivership, and bankruptcy-related processes.
- Prepare formal business plans, net present value analysis, and recovery projections.
- Direct and monitor third-party vendors including attorneys, appraisers, and property managers.
- Administer defaulted loan sales and complex REO activities including property management and disposition planning.
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