Senior Director, Special Assets & Risk Mitigation

Jones Lang LaSalle Incorporated; Pittsburgh (Allegheny County); On-site; USD 145,000 - 160,000; Full time

Job summary

Jones Lang LaSalle Incorporated (JLL) seeks a Senior Director of Special Assets to lead a dedicated team in identifying and mitigating risks across multifamily and senior housing loan portfolios. You will set priorities, govern risk-rating frameworks, and drive loss-mitigation strategies with senior leadership.

The role requires deep knowledge of real estate markets, loan structures, and Fannie Mae/Freddie Mac servicing practices, and involves travel to major markets.

Qualifications

• Strong analytical and financial modeling skills.
• Workout experience preferred, but not required.
• Deep knowledge of real estate markets, valuation methodologies, and loan structures.
• Strong working knowledge of Fannie Mae and Freddie Mac servicing guides, watchlist criteria, and reporting requirements.
• Demonstrated ability to lead, coach, and develop a team of asset management professionals.

Responsibilities

• Lead the identification, triage and tiering process of elevated-risk loans across the servicing portfolio.
• Identify emerging risk patterns across the portfolio and calibrate the team’s risk identification accordingly.
• Direct a dedicated Special Assets team, setting priorities, performance, process, and reporting standards.
• Develop a training program to strengthen risk identification across all asset management teams.
• Maintain ownership of the risk rating framework and the governance for transitioning loans to and from Special Assets.
• Collaborate with senior leadership on loss mitigation strategy for the portfolio’s highest-risk loans, while directing the team’s execution of mitigation plans.
• Deliver regular reporting and risk insights to senior leadership and asset management teams.
• Represent Special Assets in communications with agency partners on watchlist and workout matters.
• Benchmark and evolve Special Assets policies, tools, and processes to drive continuous improvement.

Skills

Analytical skills

Financial modeling

Leadership

Time management

Multitasking

Education

Undergraduate degree in Business or Real Estate

Job description

Jones Lang LaSalle Incorporated (JLL) seeks a Senior Director of Special Assets to lead a dedicated team in identifying and mitigating risks across multifamily and senior housing loan portfolios. You will set priorities, govern risk-rating frameworks, and drive loss-mitigation strategies with senior leadership.

The role requires deep knowledge of real estate markets, loan structures, and Fannie Mae/Freddie Mac servicing practices, and involves travel to major markets.