Asset Manager I - Special Servicing

• Responsible for the management and disposition of an assigned portfolio, which may contain performing or non-performing loans and REO, in an effort to maximize the goals and objectives for the portfolio.

ESSENTIAL JOB FUNCTIONS

• Develop and implement an approved asset management strategy for assigned portfolio, including business plans and case preparation within portfolio assigned timeframes.
• Correspondence and negotiations with borrowers, guarantors and/or their representatives.
• Completion of various internal and external reports for portfolio management. As necessary, maintain the portfolio records and files, including the system of record.
• Monitor the performance of third-party vendors and subcontractors.
• Assist in the preparation of financial analysis for various management and disposition strategies.
• Travel as required. Meet with the borrowers, guarantors, property managers, brokers, attorneys and site inspectors, etc.
• Review asset files of the portfolio as necessary to obtain pertinent asset information.
• Assists in the oversight with training of less experienced staff members in sound collection and workout practices.

REQUIRED QUALIFICATIONS

• Possess college degree or equivalent job-related experience.
• Possess computer literacy including good working knowledge of Excel, Word, and Access software programs.
• Possess at least five (5) years relevant experience in real estate law and /or financial services.
• Some travel required.
• Well-developed written and verbal communication skills.
• Ability to manage and prioritize multiple tasks in a high-volume environment.

PREFERRED QUALIFICATIONS

• Knowledge of bank, conventional, agency, and/or commercial mortgage-backed securities origination and servicing is recommended.

COMPETENCIES

• Decision Making and Problem Solving: Able to take action in solving problems while exhibiting judgement and a realistic understanding of issues; able to use reason, even when dealing with emotional topics.
• Spoken Communications: Able to clearly present information through the spoken word; influence or persuade others through oral presentation in positive or negative circumstances; listen well.
• Written Communications: Able to write clearly and effectively present ideas and to document activities; to read and interpret written information.
• Commitment to Task: Able to start and persist with specific courses of action while exhibiting high motivation and a sense of urgency; willing to commit extra hours if needed to reach goals.
• Creativity: Able to develop unique and novel solutions to problems; use intuition and a new way of thinking to give birth to new ideas; to present information in an attention getting and interesting manner.
• Leadership: Able to influence the actions and opinions of others in a desired direction; to exhibit judgement in leading others to worthwhile objectives.