Senior Asset Manager

19 hours ago


Miami, Florida, United States Rialto Capital Management LLC Full time
Senior Asset Manager

Rialto Capital Management LLC is seeking a seasoned Senior Asset Manager to join its Loan Workout team within the Asset Management department. This key 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. The ideal candidate will have a blend of commercial real estate debt experience, alongside exceptional communication and leadership skills.

Key Responsibilities:
  • Proactive Oversight: Proactively oversee and timely resolve a portfolio of specially serviced CMBS loans and other distressed debt assets.
  • Complex Debt Instruments: Negotiate and structure complex debt instruments and oversee transactions through the legal documentation phase.
  • Collateral Analysis: Conduct comprehensive analysis and understanding of collateral and loan positioning, value determination, and restructuring alternatives.
  • Third-Party Engagement: Engage with and interact with third-party consultants, including attorneys, receivers, management/leasing companies, appraisers, and environmental engineers.
  • Compliance: Ensure thorough understanding of and compliance with governing loan documents, loan servicing agreements, REMIC regulations, investor reporting requirements, and state and federal laws governing foreclosures, receivership actions, and bankruptcies.
  • Strategy Presentation: Present and recommend resolution strategies to company leadership.
  • Business Planning: Prepare quarterly business plans and cash flow projections.
  • Organizational Skills: Demonstrate strong organizational skills with the ability to manage multiple priorities.
Requirements:
  • Education: Bachelor's Degree from an accredited university, preferably in a related field like Commercial Real Estate or Finance.
  • Experience: Minimum of 7 years' experience in the workout of non-performing commercial real estate loans or debt asset management.
  • Knowledge: Advance knowledge of commercial real estate, fixed income, and general financial concepts.
  • Skills: Ability to underwrite commercial real estate and/or residential acquisition, development, and construction transactions, as well as possess excellent verbal and written communication skills.
  • Technical 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.

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