5 Director of Special Assets Jobs in Baltimore, MD

SORT BY

SET JOB ALERT

OFF

Details...

Director of Special Assets

Dominion Financial Services

Baltimore, MD | Full Time

$144k-214k (estimate)

3 Weeks Ago

Director of Special Assets

The Dominion Group

Baltimore, MD | Full Time

$144k-214k (estimate)

3 Weeks Ago

Director of Special Assets

Dominion Financial

Baltimore, MD | Full Time

$144k-214k (estimate)

3 Weeks Ago

Director - Preschool Special Education

Baltimore City Public Schools

Baltimore, MD | Full Time

$60k-78k (estimate)

2 Weeks Ago

Executive Director - Special Education

Baltimore City Public Schools

Baltimore, MD | Full Time

$66k-98k (estimate)

3 Months Ago

Director of Special Assets

$144k-214k (estimate)

Full Time 3 Weeks Ago

Save

Dominion Financial Services is Hiring a Director of Special Assets Near Baltimore, MD

Job Description: Dominion Financial Services (DFS) is a mortgage originator for single family real estate. DFS originates two main loan products – a short-term bridge loan for fix & flip investors, and a long-term rental loan for landlords growing their rental portfolios. DFS is thriving in the current competitive environment and shows aggressive quarterly growth. Our current origination volume is $70MM per month. DFS is looking for a detail-oriented Director of Special Assets to join our growing team. Our Company’s Core Values:

Integrity
Accountable & Dependable
Team Centric
System & Process Oriented
Service Ethic
Organized Efficiency - Risk Management & Compliance

Responsibilities:

Effectively handle all aspects of the lender’s past due and non-performing loan accounts.
Negotiate terms and conditions of workout agreements with borrowers, while maximizing recovery for the lender.
Monitor the progress of workout plans, including reviewing financial performance, assessing compliance with agreed-upon terms, and addressing any emerging issues promptly.
Provide guidance in developing appropriate, balanced, and actionable plans and processes to mitigate risk for the lender.
Ensure timely reporting to senior management on exposure and potential losses, reserve amounts, and risk-rating changes.
Lead Special Assets team in the compilation of pertinent data, placement of contractors/auditors, and management of expenses in workout situations.
Analyze data to report on the financial deficiencies of non-performing loans and maintain/retain data and records on non-performing loans in Pass, Special Mention, and non-Performing status.
Coordinate information flow between Special Assets department and other lender personnel and/or departments as needed to manage problem accounts, primarily Portfolio Management and Loan Operations.
Oversee the repurchase of collateral and liquidation of assets on non-performing loans. Report results and problems to management to minimize loss.
Manage internal and external resources required in the sale of repossessed assets, and REO.
Coordinate interaction with attorneys, business principals, property preservation companies, contractors, and outside agents to limit exposure, fulfill requests for information, and communicate with all parties involved with non-performing loans.
Ensure adherence to policies, procedures, and other appropriate compliance measures in handling Special Assets accounts.

Requirements:

5 years of directly related professional level experience in commercial lending environment.
3 years in a management role, providing leadership, coaching, guidance and training, and contributing to staff development is preferred.
Expertise in creating and presenting ideas to executive management.
Thorough knowledge of commercial lending for business purposes with emphasis on RTL and DSCR Loans
Thorough knowledge of accounting, financial statement analysis, cash flow, and credit workout/collections
Knowledge of financial and legal processes of all aspects of commercial lending
Thorough computer knowledge of Microsoft Office, including Word, Excel.
Bachelor’s Degree in related field required.

Preferred Qualifications:

Sense of urgency and understanding of timeliness on value to company.
Works well with all team members and seeks holistic opportunities for continuous improvement.
Works well in a fast-paced environment and can manage multiple projects/processes simultaneously and can act judiciously in ambiguous situations.
Ability to make sound business decisions.
Excellent oral/written communication, interpersonal, persuasive communication and presentation skills.
Ability to interface with all levels of management.
Experience working with Salesforce.
Excellent organizational skills.