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Workout Manager - Commercial Lending
Ascendo Resources
Job Summary
Location
New York ,NY 10261
Job Type
Contract
Visa
Any Valid Visa
Salary
PayRate
Qualification
BCA
Experience
2Years - 10Years
Posted
04 Jan 2025
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Job Description
Portfolio Management:
Manage a portfolio of distressed or special assets, including loans and owned real estate, with a focus on resolution strategies.
Conduct in-depth asset performance reviews and financial analysis to determine the appropriate course of action for each asset.
Develop and implement customized workout strategies, including restructures, forbearance, deed-in-lieu transactions, and foreclosures.
Collaborate with legal, accounting, and valuation teams to ensure compliance and optimal recovery outcomes.
Analyze real estate market trends to assess the potential for asset repositioning or divestment.
Provide insights on market conditions and their impact on portfolio valuation.
Serve as the primary liaison with borrowers, legal counsel, brokers, and third-party vendors.
Prepare detailed reports and presentations for senior management and stakeholders.
Monitor and mitigate risks associated with the portfolio, ensuring compliance with company policies and regulatory standards.
Identify early warning signs of asset deterioration and take corrective actions as needed.
Oversee the marketing and disposition of assets, ensuring transactions align with company objectives.
Negotiate terms with buyers, lenders, and other counterparties to optimize financial outcomes.
Education:
Bachelor’s degree in finance, real estate, business administration, or a related field.
5+ years of experience in asset management, loan workouts, or commercial real estate.
Proven track record of managing distressed real estate assets and executing recovery strategies.
Excellent communication and negotiation skills.
Proven ability to mentor and develop team members.
General Legal and Collections Knowledge
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