Default & Workout Manager

Builder Circle; United States; In loco; USD 120.000 - 190.000; Tempo pieno

Descrizione del lavoro

Builder Circle is seeking a Default & Workout Manager to own high-risk, distressed credits and loans within the portfolio. You will evaluate financial damage, negotiate restructurings, and recover principal or collateral while complying with regulations.

This is the process owner for workouts company-wide, with emphasis on RTL or hard-money construction lending experience. You will lead negotiations, coordinate with legal teams, and drive reporting for senior management while overseeing REO

Competenze

• Bachelor's degree in finance, accounting, economics, or a related business field.
• 8+ years of hands-on experience in commercial or consumer lending, credit analysis, collections, or loan workouts.
• Strong familiarity with federal/state banking regulations, bankruptcy laws, and real estate foreclosure procedures.

Mansioni

• Review troubled loan portfolios, analyze financial statements, assess collateral values, and track NPAs.
• Own accounts that progress into default, including structuring and negotiating workouts.
• Design, propose, and implement customized repayment or modification plans to avoid default.
• Lead direct negotiations with borrowers, guarantors, private equity sponsors, and legal counsel.
• Coordinate handoff of properties moving to REO, including required documentation and reporting to leadership.
• Coordinate with legal teams to ensure actions comply with federal/state regulations and investor guidelines.
• Supervise seizure, valuation, and liquidation of repossessed assets when restructuring fails.
• Manage lien releases and physical loan file handling associated with default and payoff.
• Prepare portfolio performance reports, delinquency metrics, and reserve recommendations.

Conoscenze

Financial analysis

Negotiation

Problem solving

Legal documentation

Cross-functional communication

Formazione

Bachelor's degree in finance, accounting, economics or related field

Descrizione del lavoro

Builder Circle is seeking a Default & Workout Manager to own the high-risk, classified, or distressed credits and loans within the business portfolio. This person will be responsible for evaluating financial damage, negotiating restructuring options with borrowers, and recovering principal or collateral while complying with industry regulations. More specifically, this person will focus on the workout process up to and including deed-in-lieu and other default remedies for loans that do not cure. This is the process owner for this function company-wide, and should bring the communication and cross-functional skills to run the department effectively. Ideal candidates have run default workouts in the residential transition loan (RTL) or hard-money construction lending space.

Key Responsibilities:

• Review troubled loan portfolios, analyze financial statements, assess collateral values, and track non-performing assets (NPAs)
• Own accounts that progress into default, including structuring and negotiating

workouts, forbearance, and deed-in-lieu agreements.

Loan Restructuring & Workouts:

• Design, propose, and implement customized repayment or modification plans (e.g., adjusting rates, extending terms, or re-amortizing debt) to help borrowers avoid default.

High-Stakes Negotiations:

• Lead direct negotiations with borrowers, guarantors, private equity sponsors, and legal counsel
• Coordinate the handoff of properties that move to REO, including required

documentation and status reporting to leadership.

Legal & Regulatory Compliance:

• Coordinate with legal teams to ensure all actions, foreclosures, liquidations, or settlements comply with federal, state, and investor guidelines.
• Supervise the seizure, valuation, and liquidation of repossessed assets or real estate properties when recovery through restructuring fails.
• Manage lien releases and physical loan file handling associated with default and payoff

scenarios in the RTL / construction-loan context.

Reporting & Reserves:

• Prepare portfolio performance reports, delinquency metrics, and charge-off or reserve recommendations for senior management and credit committees.

Qualifications:

Education: Bachelor’s degree in finance, accounting, economics, or a related business field.

Experience: 8+ years of hands‑on experience in commercial or consumer lending, credit analysis, collections, or loan workouts.

Legal & Credit Knowledge: Strong familiarity with federal/state banking regulations, bankruptcy laws, commercial real estate foreclosure procedures, and credit risk grading.

Core Skills: Advanced financial analysis, high-level negotiation, problem‑solving, attention to detail in legal documentation, and cross‑functional communication.

About Builder Circle

Builder Circle is a lending company that provides independent home builders, rehabbers,

developers, and real estate investors with a better, more practical, and more efficient approach

to the loan underwriting and construction draw processes. As experienced real estate lenders

with deep roots in the home building industry, we have an intimate understanding of the

challenges that our borrowers often face and how we can become a tremendous value‑add to

their growing businesses by eliminating common inefficiencies and providing fast, reliable

capital. At Builder Circle we believe in establishing lasting relationships with our borrowers, and

we have the capital, experience, and resources necessary to help them thrive.

Builder Circle is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will

receive consideration for employment without regard to race, color, religion, sex, sexual

orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic