Asset Management, Senior Associate

CoreVest Finance; Charlotte (NC); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an experienced Asset Management Senior Associate to oversee distressed assets and commercial mortgage loans. This role emphasizes strategic resolution of troubled assets through loan modifications and restructuring, requiring a strong background in asset management and financial analysis. The successful candidate will lead initiatives to mitigate credit risk and enhance asset performance while collaborating with diverse stakeholders. Join a company that values diversity and offers a competitive compensation package, including health plans, bonuses, and a supportive work environment.

Benefits

Discretionary corporate bonus program

Multiple health plans

Fitness reimbursement

Paid parental leave

Paid Time off

Employee Stock Purchase Plan (ESPP)

401K matching

Qualifications

• 5+ years of experience in commercial real estate or asset management.
• Strong understanding of commercial mortgage lending and loan structuring.

Responsibilities

• Manage a portfolio of distressed assets and develop resolution strategies.
• Conduct financial analysis and prepare reports for senior management.

Skills

Asset Management

Loan Workouts

Distressed Debt Restructuring

Financial Analysis

Negotiation Skills

Analytical Skills

Communication Skills

Education

Bachelor's degree in Finance

Master's degree or professional certifications (CFA, CPA, CCIM)

Tools

Microsoft Excel

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Asset Management, Senior Associate

*Regular Full-Time Associate Charlotte, NC, US

3 days ago Requisition ID: 1435

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.

Responsibilities & Duties

• 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

Required Education, Experience, & Skills

• Bachelor’s degree in finance, real estate, business administration, or a related field; master’s degree or professional certifications (e.g., CFA, CPA, CCIM,) preferred.
• Minimum 5 years of experience in commercial real estate, finance, asset management, loan workout, or a related field, with a proven track record of successfully managing distressed assets.
• Strong understanding of commercial mortgage lending, loan structuring, underwriting principles, and legal documentation.
• Demonstrated leadership abilities with experience leading and developing high-performing teams in a dynamic and fast-paced environment.
• Analytical, negotiation, and communication skills, with the ability to interact effectively with internal and external stakeholders at all levels.
• Proficiency in financial modeling, Microsoft Excel, and other relevant software applications.
• Thorough knowledge of regulatory requirements and compliance standards related to commercial real estate lending asset management activities.

A reasonable estimate of the total compensation range for this role is $80,000-$120,000. The actual salary offer to the successful candidate will be based on job-related education, geographic location, training, licensure and certification, and other factors. CoreVest 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 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.