Special Servicing Asset Manager

📋 Description

• Manage an assigned portfolio of geographically diverse, non-performing commercial and
• Review performing loan reports to identify assets at risk of default and initiate timely outreach
• Engage directly with commercial borrowers to understand the causes of default, assess financial
• Review loan documents, servicing agreements, covenants, credit reports, asset searches, and
• Analyze borrower financials, property operations, collateral conditions, market dynamics
• Negotiate borrower workouts and structure loan modifications, forbearance agreements, and other

🎯 Requirements

• Minimum of 5 years of experience managing defaulted commercial or business-purpose loans
• Strong knowledge of commercial lender default remedies and enforcement strategies, including
• Solid understanding of commercial loan covenants, covenant compliance, loan documentation
• Demonstrated expertise in commercial real estate fundamentals, including income-property
• Prior commercial business-purpose loan underwriting experience involving multifamily, mixed-use
• Experience with rental property management and an understanding of property-level operating

🎁 Benefits

• Salary: $75,000–$90,000 annually, depending on geographic location, experience, and other
• Performance Bonus: Eligibility for a performance-based bonus under applicable compensation plans.
• Healthcare: Medical, dental, and vision coverage.
• Retirement: 401(k) plan with up to a 3% company match.
• Paid Time Off: Generous PTO to support vacation, personal time, and work-life balance.
• Insurance Protection: Company-paid life, accident, and disability coverage.