Senior Associate, Commercial Workout Officer
Core
Manage and resolve a portfolio of distressed commercial real estate loans secured by rent-regulated multifamily properties in New York City.
Role type
Senior IC commercial real estate workout officer
Builds
Loan resolution strategies, credit recommendations, and recovery outcomes for distressed CRE assets
Domain
Financial services / Commercial Real Estate / Distressed Assets
Required skills
Commercial real estate loan workouts, Credit risk management, Loan restructuring, Judicial foreclosure processes, REO asset management, Financial statement analysis, Credit underwriting, Negotiation, Intercreditor agreements, Excel proficiency
Preferred skills
CMBS special servicing experience, NYC rent-regulated multifamily expertise, Chapter 11 bankruptcy management, 363 sales execution
Technologies
Loan servicing systems, Risk management systems, Microsoft Office (Word, PowerPoint, Excel)
Responsibilities
Monitor collateral performance and borrower financial condition; Develop and execute loan resolution strategies including modifications and forbearances; Perform underwriting, financial modeling, and collateral valuation; Negotiate commercial loan documentation and workout agreements; Lead judicial foreclosure proceedings and coordinate with legal counsel; Manage REO assets including stabilization and disposition; Prepare credit memoranda and presentations for management approval.
Seniority
Senior, hands-on IC