Senior Asset Manager, Commercial Special Servicing
Core
Manage loss mitigation, enforcement, and liquidation of non-performing commercial and business-purpose mortgage loans to maximize recovery for lenders.
Role type
Senior Asset Manager (Commercial Special Servicing)
Builds
Recovery strategies, workout plans, and asset dispositions for commercial, mixed-use, SFR, and multifamily rental properties.
Domain
Commercial Real Estate / Special Servicing
Deliverable
production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work
Required skills
commercial loan underwriting, default remedies enforcement, loan covenants analysis, commercial real estate income analysis, borrower financial analysis, property operations assessment, negotiation, workout strategy, asset disposition planning, third-party vendor management, compliance reporting
Preferred skills
rental property management, multifamily portfolio management
Technologies
Microsoft 365, Adobe applications, REALSynergy, Strategy, Enterprise
Responsibilities
Review loan reports to identify emerging credit risk; initiate contact with defaulted borrowers to determine resolution strategies; assess borrower financial conditions and property operations; review loan documents and servicing agreements; prepare calculations for legal demands; negotiate borrower workouts and loan modifications; evaluate property valuations and inspection findings; conduct or review collateral property inspections; prepare formal business plans and recovery projections; direct and monitor third-party vendors (attorneys, appraisers, brokers, etc.); administer defaulted loan sales and REO activities; support primary servicing teams with market and property analysis; mentor junior staff.
Seniority
Senior, hands-on IC with mentorship responsibilities