VP, Asset Management – CRE Special Servicing Position Available In Kennebec, Maine

VP, Asset Management – CRE Special Servicing at SitusAMC in Augusta, Maine, United States Job Description SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve. At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team! This role, under the direction of senior management, will have management responsibility of assigned loans and/or real estate properties as well as ad hoc processing of loan assumption, lender consent requests, and analytical support of senior asset managers.

Essential Job Functions:

+ Day-to-day management of assigned loans, REO and other assets to meet or exceed financial performance objectives and minimize risk of loss + Negotiate resolution of troubled or non-performing loans with individual borrowers and sponsors + Work on multiple loan and REO resolutions concurrently + Analyze property level cash flows and rent rolls to estimate mark-to-market income and expenses and property valuation + Review third-party reports including appraisals, property inspections, and environmental assessments + With input from Director, develop and evaluate all loan resolution alternatives on an NPV basis and recommend optimum resolution strategy for individual assets and document in an asset business plan + With input from the Director, develop operating plans/budgets and recommend optimum liquidation strategy for individual REO assets and document in an asset business plan + Obtain Investment Committee and servicing agreement approvals to execute loan or REO workout strategies + With participation from the Director, interview, select and oversee property managers upon obtaining title through foreclosure or other legal settlement options + With participation from the Director, interview, select and oversee brokers and negotiate property sales upon obtaining property through foreclosure or other legal settlement options + With participation from the Director, interview, select and oversee legal counsel as required, to pursue lender remedies and secure lender cash and real estate collateral + Working with assigned Asset Ana