Workout Manager - Commercial Lending

job
  • 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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