Senior Asset Manager, Special Assets – Distressed Multifamily Loans

This is a fully remote position, open to applicants in Texas.

📋 Description

• Oversee a portfolio comprising high-risk, delinquent, watchlist, and non-performing multifamily assets, ensuring vigilant monitoring of performance, compliance with covenants, and the condition of collateral.

• Assess the financial stability of borrowers, property performance, and business plans to evaluate credit risk, pinpoint potential issues, and formulate suitable risk mitigation strategies.

• Create and implement asset-level workout strategies, which include forbearance agreements, loan restructurings, repayment plans, and, when necessary, enforcement actions.

• Collaborate with Legal and external counsel to oversee enforcement processes such as receiverships, foreclosure, litigation, and the negotiation of workout and restructuring documentation.

• Act as the main contact for intricate and distressed assets, leading discussions with borrowers, managing communications with investors, and coordinating efforts with internal stakeholders.

• Draft clear and concise credit memos, risk assessments, and recommendations to aid decision-making for senior leadership and credit committees.

• Ensure accurate and timely asset-level data and reporting within servicing systems, maintaining transparency and consistency across tracking tools and dashboards.

• Track portfolio performance to detect early warning signals and escalate emerging risks with suggested actions.

• Assist in portfolio-level reporting and analysis, which includes identifying trends, risk concentrations, and performance insights.

• Provide mentorship and support to junior team members, fostering consistency in analysis, documentation, and overall asset management practices.

⛳️ Requirements

• A Bachelor’s degree is required (preferably in Finance, Real Estate, or a related field).

• 5–7+ years of experience with a robust understanding of multifamily asset management and non-performing loans, including both Agency and Non-Agency products (experience with LIHTC is preferred).

• Demonstrated ability to handle complex assets and deliver clear, well-supported credit recommendations in a dynamic setting.

• Expertise in financial analysis, valuation concepts, and risk assessment, including experience in evaluating cash flow, collateral performance, and business plans.

• Capacity to manage multiple priorities and drive results in a fast-paced, high-accountability environment.

• Travel may be required as necessary.

🏝️ Benefits

• Offers Bonus