What are the responsibilities and job description for the Senior Risk Manager, Special Servicing position at CRE Finance Council?
The Senior Risk Manager, Special Servicing is responsible for managing the special servicing of a portfolio of Agency (Fannie Mae, Freddie Mac, and HUD) loans that are in default or considered to be in imminent default. The position requires proactive asset management and timely resolution of the assigned portfolio of distressed CRE mortgage loans. The primary function of the Special Servicer is to manage non-performing loans in accordance with Pooling and Service Agreements (“PSA”) and the applicable investor Seller / Servicer Guides. Risk Management’s objective is to maximize the recoveries on loans.Essential Job Functions (Duties / Responsibilities)This position will have the following duties and responsibilities, including but not limited to : Monitor quality and performance of a non-performing loan portfolio, having the ability to structure and execute resolution strategies in conjunction with the Investors goalsPerform comprehensive analysis of property cash flow, markets, collateral, and valuation while determining possible alternatives for default resolutionWork closely with Agency counterparts to carry out desired resolution strategyReview legal filings for accuracy and completenessPrepare payoff / reinstatement calculationsPrepare quarterly Loan Loss Reserve calculationsUnderstanding of legal contracts, bankruptcy law, foreclosure process, and loan servicing agreementsLead, engage and interact with third parties including attorneys, receivers, management companies, brokers, appraisers, and environmental and engineersMentor junior analystsUnderstanding of commercial mortgage backed securities (“CMBS”)Conduct Physical Property inspections, as required, in order to evaluate property conditionProvide written updates to senior management, Master Servicers and investorsPresent ideas and recommendations in a clear and concise mannerRequest and review documentation supporting servicing advancesWill work on other projects and tasks as necessaryWill assist the VP, Risk Management on ad-hoc projects and requests from Senior ManagementWill work independently to identify problems and provide solutions to managementQualificationsEducation : Bachelor’s degree in Business, Finance, Real-Estate or a related discipline or equivalent work experience preferred.Experience : 5 years asset management experience with an emphasis on Special Servicing, bankruptcy and loan workouts.Knowledge / Skills / Abilities : Intermediate Microsoft Office SkillsStrong analytical, research and reporting skillsStrong negotiation and communication (both verbal and written) skillsExtremely high attention to detail and accuracyComfortable interpreting legal documents such as loan agreementsStrong organizational, time management, and prioritization skillsAbility to work independently and on teams in a fast-paced environment with strict deadlinesTravel : 20-25%We are proud to be an equal opportunity employer and are committed to maintaining a diverse workforce and an inclusive work environment for our associates, customers and business partners. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, disability, ethnicity, pregnancy or any other legally protected status. We are committed to working with and providing reasonable accommodations to individuals with disabilities.#J-18808-Ljbffr
