Senior Asset Manager, Commercial Special Servicing
New
J
JobgetherCommercial Real Estate
United StatesFull-TimeSenior
Salary$90,000–$110,000
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Job Details
- Experience
- Minimum of 7 years of experience managing defaulted commercial business-purpose loans
- Required Skills
- StrategyFinancial analysis
Requirements
- Minimum 7 years of experience managing defaulted commercial business-purpose loans.
- Strong knowledge of lender default remedies including foreclosure, receivership, and bankruptcy.
- Understanding of loan covenants, commercial loan documentation, and servicing agreements.
- Proficiency in commercial real estate income property fundamentals and financial analysis.
- Prior underwriting experience with commercial or multifamily business-purpose loans.
- Superior negotiation and problem-solving skills for complex, time-sensitive assets.
- Ability to work independently and manage multiple assets under pressure.
- Proficiency with Microsoft 365, Adobe, and commercial loan servicing platforms.
- Ability to meet background screening and applicable licensing requirements.
- Availability to travel occasionally (5%–25%).
Responsibilities
- Identify commercial loans showing signs of potential default and credit risk.
- Negotiate borrower workouts and structure loan modifications or forbearance agreements.
- Assess borrower financial conditions, property operations, and market data.
- Prepare formal business plans and recovery projections for lender clients.
- Direct and monitor third-party vendors including attorneys, inspectors, and appraisers.
- Administer defaulted loan sales and complex REO activities.
- Maintain accurate status reporting and update business plans every 180 days.
- Mentor junior staff and provide subject matter expertise.
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