Senior Asset Manager - Distressed CRE & Recoveries

Berkadia; Scottsdale (AZ); On-site; USD 125,000 - 175,000; Full time

Benefits offered by this job

Monthly paid volunteer hours

Employee Resource Groups

Fertility and family planning services

Up to 12 weeks parental leave

Mental health care and counseling

Tuition reimbursement

Pet insurance discounts

Job summary

Berkadia in Scottsdale seeks a Vice President – Asset Manager to oversee distressed commercial real estate loan portfolios and REO assets. The role analyzes collateral, borrower capacity, and market conditions to craft strategies that minimize losses and maximize recoveries.

You will supervise staff and coordinate with legal, lenders, and inspectors to execute approved plans. You will develop business plans, present to senior management, and ensure compliance with investor requirements.

Qualifications

• Proven experience in financial analysis and real estate valuation.
• Demonstrated ability to develop and implement business and liquidation plans.
• Knowledge of HUD, FNMA, and other agency program guidelines.
• Strong organizational skills with coordination across international teams.

Responsibilities

• Manage a portfolio of distressed CRE loans and REO assets across servicing platforms.
• Analyze collateral performance, borrower capacity, market conditions, and recovery options.
• Develop and execute business plans to mitigate losses and maximize recoveries, including restructurings and note sales.
• Prepare business plans, financial analyses, and approval recommendations for senior management.
• Lead negotiations with borrowers, counsel, investors, and other parties to reach workout solutions.
• Coordinate with legal counsel to document approved resolutions and enforce strategies.
• Monitor assets, servicing advances, reserve balances, and KPIs to support timely execution.
• Identify conflicts of interest and ensure compliance with policies and regulatory requirements.
• Provide guidance and mentorship to analysts and asset management staff.

Skills

Financial analysis

Real estate valuation

Cash flow modeling

Capitalization rates

Presentation to committees

Stakeholder communication

Multi-team coordination

Education

Bachelor's degree or equivalent

7+ years of experience in a similar position

Job description

Berkadia in Scottsdale seeks a Vice President – Asset Manager to oversee distressed commercial real estate loan portfolios and REO assets. The role analyzes collateral, borrower capacity, and market conditions to craft strategies that minimize losses and maximize recoveries.

You will supervise staff and coordinate with legal, lenders, and inspectors to execute approved plans. You will develop business plans, present to senior management, and ensure compliance with investor requirements.