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Asset Manager - AVP

The Opportunity

This position is responsible for the management of a portfolio of medium-to-large balance commercial real estate loans. Additionally, this position will be required to complete ongoing surveillance of loans and collateral within the FNMA portfolio as well as any other special surveillance tasks, as needed.

What it takes to be successful in this role

The Qualifications to perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the experience required.

  • Responsible for preparing comprehensive business plans and implementing workout or liquidation recommendations. This involves committee presentations, communication with borrowers, Agency representatives and interface with counsel.
  • Analysis of property level cash flows to estimate property valuation, market income and expenses and cap rates.
  • Evaluate borrower's current financial situation to determine the most logical liquidation strategy that will maximize recovery as efficiently as possible.
  • Interface with HUD and counsel in the application of workout remedies and loan assignment claims.
  • Interface with FNMA in the application of workout strategies, enforcement of property condition issues, forbearance requests and extensions.
  • Comply with internal and external policies and procedures as well as Agency program guidelines.
  • Prepare and maintain all necessary reporting requirements.
  • Interface with HUD, counsel and India while pursuing assignments of HUD loans, as needed.
  • Bachelor's degree or equivalent
  • One to two years prior experience in a similar position

LI #MP1 LI# Hybrid

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Powered by deep relationships and industry-changing technology, our people sell, finance, and service commercial real estate, providing support for the entire life cycle of our clients' assets. Our unique ownership structure allows us to put the client's interests first and creates a marketplace that delivers a superior experience.

Applicants who require accommodations to participate in the interview process should contact the Talent Acquisition Team to arrange for such accommodations by emailing: (see application details)

Berkadia does not share salary ranges in its job postings. Any salary-related information you see posted externally has not been provided or verified by Berkadia and may not be accurate.

Berkadia is an equal opportunity employer and affords equal opportunity to all applicants and employees for all positions without regard to race, color, religion, gender, national origin, age, disability, veteran status or any other status protected under local, state or federal laws.

By applying to this job opportunity you are acknowledging Berkadia's Privacy Policy. Applicants have rights under Federal Employment Laws. Please click the following links for more information: EEOC, Employee Rights under the FMLA, EPPA.

Company
Berkadia
Posted
04/24/2022
Salary Range
$105,000.00 - $169,000.00
per Year
Salary range estimated by
salary estimation provided by zippia
Location
Irvine, CA, 92713, US