What are the responsibilities and job description for the Vice President - Special Assets / Real Estate Workout position at Arena Investors, LP?
•Independently manage a wide range of bespoke illiquid credit investments including monitoring of business and financial performance of the portfolio counterparty as well as research and analysis of market dynamics.
•Review financial statements, 13-week cash flow statements, covenants
•Negotiate and carry out amendments, waivers, consents and any other legal documents pertaining to the asset under management in both out of court and in court restructuring processes within a foreclosure, bankruptcy or litigation strategy.
•Negotiate, analyze, propose, and implement restructuring of complex commercial loan secured by CRE; and sale or refinancing of loans and real estate assets.
•Ability to effectively communicate both internally and externally with C-Suite individuals.
•Responsible for monthly valuation of all assigned financings.
•Must be a "Player Coach", with personal responsibility for modeling and managing complicated assets, mentoring and managing financial analysts and less experienced Associates.
•Extensive interface with Front Office, Asset Management, Finance and Operations teams, as well as consultants (as needed).
•Prepare presentations that will include background information, transaction structure, financial projections, and restructure recommendations.
•Work with the Managing Directors of Asset Management to build out the team overtime as the asset base grows.
The individual will have demonstrated an ability to work in a fast-paced, performance-driven environment with an ability to think broadly about the business, incorporating continual improvement of processes and procedures with a goal of excellence while focusing on accuracy and efficiency.
•6-8 years industry experience in credit and restructuring roles.
•Strong fundamental credit, negotiating, and influencing skills, as well as loan document, knowledge.
•Heavy exposure to legal processes, including bankruptcy and UCC foreclosure. Must be able to direct attorneys through the restructuring process.
•Exposure to diverse credit structures, complicated structured illiquid transactions, and a broad base of industries.
•Ability to write clear and concise memoranda.
•Excellent excel modeling skills.
•Industry contacts with financial advisors and law firms.
•The highest level of personal integrity and ethical standards. A positive attitude, strong work ethic and a desire to work collaboratively across the organization.
- Health Care Plan (Medical, Dental & Vision)
- Retirement Plan (401k, IRA)
- Life Insurance (Basic, Voluntary & AD&D)
- Paid Time Off (Vacation, Sick & Public Holidays)
- Family Leave (Maternity, Paternity)
- Short Term & Long Term Disability
- Training & Development
- Free Food & Snacks
- Wellness Resources
