What are the responsibilities and job description for the Asset Management Senior Associate position at Redwood Trust Inc?
Job Description
Job Description
The Asset Management Senior Associate will partner with a senior special assets officer overseeing the management and resolution of larger balance distressed or non-performing commercial mortgage loans and assets. This role requires a seasoned professional with experience in asset management, loan workouts, and distressed debt restructuring.
Essential Functions and Responsibilities : Include the following but not limited to, other duties may be assigned.
- Assist in the management a portfolio of larger balance distressed or non-performing assets, ensuring effective resolution and mitigation of credit risk.
- Develop and implement comprehensive strategies and action plans for resolving troubled assets, including loan modifications, restructuring, forbearance agreements and asset disposition.
- Conduct thorough financial analysis, risk assessments, and valuation reviews of troubled assets to evaluate potential recovery options and minimize losses.
- Extensive experience underwriting and re-underwriting loans; drafting investment committee memorandums and presenting deal terms to senior management
- Assist the senior special assets officer in the negotiation and documentation of workout agreements and legal settlements with borrowers, ensuring compliance with regulatory requirements and internal policies.
- Monitor and track the performance of troubled assets, analyze trends, and prepare regular reports and updates for senior management and stakeholders.
- Build and maintain relationships with external parties, including borrowers, asset managers, brokers, and legal advisors, to facilitate asset management and resolution efforts.
- Perform other related duties or special projects as assigned
Minimum Requirements : The responsibilities listed below are required. Accommodations may be made to enable the individual with disabilities to ensure the individual can perform the essential functions and responsibilities.
A reasonable estimate of the base compensation range for this role is $80,000- $120,000 annually. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. Our company also offers a competitive benefit package including discretionary corporate bonus program, multiple health plans, STD and LTD options, company sponsored life insurance, fitness reimbursement, paid parental leave, time to volunteer, Paid Time off, ESPP, and 401K matching.
At Redwood Trust, we are committed to fostering an inclusive workplace where diversity is valued, and everyone has the opportunity to thrive. We welcome applications from individuals of all backgrounds and experiences. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Salary : $80,000 - $120,000
