Description
SUMMARY:
Rialto is seeking an analytical, dynamic, and driven asset manager to join the Loan Workout team within the Asset Management department. This vice president role will be responsible for the day-to-day management and resolution of a portfolio of loans consisting primarily of specially serviced CMBS loans, in addition to other distressed loan assets. This experienced candidate will also be actively engaged in underwriting potential new debt investments, along with participating in special projects as the Loan Workout platform evolves with market conditions. The ideal candidate will have a blend of commercial real estate debt experience, alongside exceptional communication, and leadership skills.
KEY RESPONSIBILITIES:
- Proactive oversight and timely resolution of a portfolio of specially serviced CMBS loans and other distressed debt assets.
- Ability to negotiate and structure complex debt instruments and oversee transactions through the legal documentation phase.
- Comprehensive analysis and understanding of collateral and loan positioning, value determination, and restructuring alternatives.
- Engagement of and interaction with third party consultants including attorneys, receivers, management/leasing companies, appraisers, and environmental engineers.
- Thorough understanding of and compliance with the governing loan documents (if any), loan servicing agreements, REMIC regulations, investor reporting requirements and state and federal laws governing foreclosures, receivership actions, and bankruptcies.
- Presentation and recommendation of resolution strategies to company leadership.
- Quarterly business plan and cash flow preparations and projections.
- Strong organizational skills with the ability to manage multiple priorities.
- Initiative, including the ability to complete complex tasks timely and independently.
SPECIFICATIONS:
- Bachelor’s Degree from an accredited university is required, preferably in a related course of study like Commercial Real Estate or Finance.
- Minimum of 7 years’ experience in the workout of non-performing commercial real estate loans or debt asset management.
- Advance knowledge of commercial real estate, fixed income, and general financial concepts.
- Knowledge of bank, conventional, agency, and/or commercial mortgage-backed securities origination and servicing is recommended.
- Ability to underwrite commercial real estate and/or residential acquisition, development, and construction transactions, as well as possess excellent verbal and written communication skills.
- High level proficiency working with Microsoft Excel, Word, and PowerPoint, in addition to a basic competency working with Argus and CRE Market Data Providers.
- Adaptable and flexible team player, who can collaborate with various internal and external teams while driving projects forward efficiently.