Senior Special Assets Officer

🔥 0 minutes ago

🇺🇸 United States – Remote

⏰ Full Time

🟠 Senior

👻 Ghost score 10%

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Builders Capital

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2009

🏗️ Construction

📦 Logistics

🏠 Real Estate

Construction • Logistics • Real Estate

Builders Capital is a private construction lending company and the foundational brand behind Builders Capital Exchange (BCX), a capital and strategic platform that supports a portfolio of specialized real estate finance companies. The firm provides construction and real estate financing to builders, developers, investors, and homeowners across the U. S. , leveraging a disciplined capital structure, in-house servicing, and operational oversight to scale lending activities and manage portfolio performance.

📋 Description

• Independently oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans and construction loans. • Evaluate, manage, and resolve complex special assets through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other resolution strategies. • Develop and refine workout strategies based on borrower capacity, project status, collateral condition, market dynamics, legal considerations, and risk exposure. • Lead periodic and event-driven reviews of problem loans, identifying emerging risks and determining resolution strategies. • Evaluate workout alternatives and recommend loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and pursuit of guaranties or other credit enhancements. • Lead analysis and recommendations for impairment reserves and charge-offs in accordance with GAAP, company policy, and regulatory guidance. • Present workout recommendations, risk assessments, and resolution strategies to senior management and capital partners. • Serve as a subject matter expert and resource to junior Special Assets team members. • Oversee OREO assets, including 4–6 unit residential properties under renovation or stabilization, coordinating valuations, property management, construction oversight, and disposition strategies. • Evaluate collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility. • Develop and execute strategies to reduce non-performing assets while minimizing losses and risk. • Lead negotiations with borrowers, guarantors, attorneys, brokers, property managers, and other stakeholders. • Identify opportunities to mitigate risk and maximize recoveries before defaults or legal action become more costly. • Maintain oversight of risk ratings, accrual status, Problem Loan Reports, and portfolio reporting. • Monitor housing market conditions, construction costs, liquidity, interest rates, property values, and investor demand. • Collaborate with Legal, Servicing, Production, Underwriting, Asset Management, and other internal teams. • Identify portfolio trends and recommend risk mitigation, process improvements, and performance improvements. • Exercise independent judgment on distressed credits and escalate significant risks and material strategy changes. • Represent Special Assets in internal and external meetings. • Assist leadership with strategic initiatives, department goals, processes, and best practices. • Perform other duties as assigned.

🎯 Requirements

• 7+ years of experience in special assets, credit workouts, loan servicing, or asset management with a strong focus on Residential Transitional Loans (RTL), construction loans, bridge loans, or fix-and-flip lending or relevant experience. • Strong understanding of workout strategies, foreclosure processes, collateral liquidation, and OREO management for 4-6 unit residential properties. • Strong working knowledge of GAAP impairment analysis, charge-offs, risk ratings, and accrual accounting related to residential credit. • Advanced ability to analyze complex financial, operational, and market data to develop and recommend optimal resolution strategies that maximize recovery and minimize risk and loss. • Proven experience leading and coordinating complex loan resolutions with legal counsel, servicers, brokers, investors, and internal credit and servicing teams to effectively execute strategic workout and exit strategies. • Excellent written and verbal communication skills with the ability to present clear, well-supported recommendations to senior management and capital partners.

🏖️ Benefits

• Innovative Environment: Join a forward-thinking company at the forefront of the construction finance industry with access to cutting-edge technology and resources. • Work Flexibility: Enjoy a flexible work environment where you can balance team leadership with your personal life. • National Impact: Be part of a nationwide operation that’s shaping the future of construction financing and making a difference for builders, developers, and homeowners across the U.S. • Health Insurance – Builders Capital pays 100% of your medical insurance premiums, offering a PPO and HSA plans. • Competitive Compensation – We offer competitive wages that reward your expertise and hard work. • Paid Time Off – 3 weeks of paid time off each year. • Paid Holidays – 10 paid holidays throughout the year.