Senior Asset Manager, Commercial Special Servicing

Job not on LinkedIn

🔥 15 minutes ago

🇺🇸 United States – Remote

💵 $90k - $110k / year

⏰ Full Time

🟠 Senior

👔 Manager

👻 Ghost score 12%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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International Luxury Hotel Association

WebsiteLinkedInAll Job Openings

11 - 50 employees

Founded 2012

🤝 B2B

✈️ Travel

🏨 Hospitality

B2B • Travel • Hospitality

International Luxury Hotel Association is a global organization that serves the luxury hotel sector by promoting best practices, sustainability, and innovation in hospitality. It provides resources, networking opportunities, and educational programs to elevate the standard of luxury hospitality worldwide, fostering collaboration among industry stakeholders and encouraging a commitment to excellence.

📋 Description

• Administer loss mitigation, remedy enforcement and liquidation tasks for an assigned portfolio of geographically diverse, non-performing commercial/business purpose mortgage loans • Maintain direct contact with commercial borrowers to identify default reasons and resolution plans • Assess borrower financial situations, property operations and conditions, market conditions and collateral • Review borrower and individual credit reports, asset searches, loan documents and servicing agreements • Prepare and verify calculations for legal demands • Negotiate borrower workouts within acceptable lender-client parameters • Structure loan modifications and forbearance agreements • Review property valuation reports and perform or review collateral property inspections • Prepare formal business plans covering default reasons, enforcement options, alternative strategies, servicer recommendations and net present value analysis • Direct and monitor third-party vendors including attorneys, inspectors, appraisers, property managers, investigators, receivers, brokers, contractors, title agents and insurance adjusters • Prepare asset disposition projections, including recovery amounts, losses and timelines • Provide instructions for posting and disbursement transactions • Maintain accurate asset status reports and provide written qualitative status comments • Support Commercial Primary Servicing representatives with borrower outreach, property and market analysis and investor inquiries • Comply with Company training, compliance, audit and reporting requirements • Identify operational issues and suggest solutions • Administer defaulted loan sales and complex REO activities • Monitor subservicers and asset management contractors • Serve as a subject matter expert and mentor junior staff • Establish borrower contact within 5 business days of transfer to special servicing • Complete formal business plans within 45 days of transfer and update them at least every 180 days • Maximize recovery for lender clients • Complete at least 40 hours of annual Company training and contribute to training initiatives

🎯 Requirements

• Minimum 7 years’ experience managing defaulted commercial business purpose loans secured by commercial use, mixed use, SFR/multifamily rental and/or SFR/multifamily transitional properties • Strong understanding of lender default remedies and enforcement strategies, including foreclosure, trustee sales, receivership, UCC sales and bankruptcy strategies • Strong understanding of loan covenants and covenant compliance • Strong understanding of CRE income property fundamentals, income property operations analysis and borrower financial analysis • Strong understanding of commercial real estate loan documentation • Superior verbal and written communication skills • Superior negotiation skills • Ability to work independently with minimal supervision • Superior problem-solving and decision-making skills • Ability to comply with detailed reporting requirements • Ability to work under pressure, meet deadlines and adjust to changing priorities • Microsoft 365 Suite and Adobe applications proficiency • Experience with commercial loan servicing applications such as REALSynergy, Strategy and Enterprise • Strong teamwork skills to collaborate with associates in multiple departments • Prior underwriting experience for commercial business purpose loans secured by multifamily, mixed use, commercial use, SFR investor rental and/or SFR/MFR construction/residential transition properties • Prior rental property management experience for multifamily apartment or SFR portfolios • Understanding of commercial loan servicing agreements and principles • Availability for occasional travel of 5%–25% • Must pass the Company’s Background Screening process prior to beginning employment • May be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable

🏖️ Benefits

• Performance-based bonus eligibility • Medical, dental and vision coverage • Up to 3% match on 401(k) contributions • Generous paid time off • Company-paid life, accident and disability coverage • Mental, physical and financial wellness programs • Reasonable accommodation for disabilities or special needs