VP, Asset Management — Distressed CRE Recovery

Berkadia; Charlotte (NC); On-site; USD 125,000 - 175,000; Full time

Benefits offered by this job

Volunteer hours and donation matching

Employee Resource Groups

Fertility and family planning services

Parental leave

Mental health care

Tuition reimbursement

Pet insurance

Job summary

Berkadia is seeking a Vice President – Asset Manager to oversee a portfolio of distressed commercial real estate loans and REO assets, providing senior-level strategy and leadership across multiple servicers and platforms.

You will analyze collateral, market conditions, and borrower capacity, prepare business plans, lead negotiations, and mentor analysts, driving recoveries and compliance. This is a senior, on-site role in a growth-focused team.

Qualifications

• Proven experience in financial analysis and real estate valuation, with a strong understanding of cash flow modeling and capitalization rates.
• Demonstrated ability to develop and implement business and liquidation plans, with experience presenting to and communicating with committees and key stakeholders.
• Knowledge of HUD, FNMA, and other relevant agency program guidelines, with experience in managing legal and compliance issues in real estate transactions.
• Strong organizational skills with the ability to maintain precise records and manage multiple projects simultaneously, including coordination with international teams.

Responsibilities

• Manage a portfolio of distressed commercial real estate loans and REO assets across CMBS, Balance Sheet, Fannie Mae, Freddie Mac, HUD, SASB, CLO, or other servicing platforms, as assigned.
• Analyze collateral performance, property operations, borrower and sponsor financial capacity, market conditions, loan documents, and recovery alternatives.
• Develop and execute business plans and resolution strategies that mitigate losses and maximize recoveries, including modifications, extensions, forbearances, reinstatements, note sales, discounted payoffs, receiverships, foreclosures, deeds-in-lieu, and REO dispositions.
• Prepare comprehensive business plans, case memoranda, financial analyses, cash-flow projections, valuation assessments, and approval recommendations.
• Lead negotiations with borrowers, guarantors, counsel, investors, receivers, property managers, brokers, and other transaction parties.
• Coordinate with internal and external legal counsel to document and implement approved workout, enforcement, and disposition strategies.
• Review and administer Major Decisions, consent requests, lease matters, property-management changes, waivers, amendments, and other requests requiring Special Servicer or lender approval.
• Select, engage, direct, and monitor approved third-party professionals, including legal counsel, receivers, property managers, brokers, appraisers, environmental consultants, and other vendors, consistent with delegated authority, engagement requirements, budgets, and performance expectations.
• Present asset strategies, recommendations, and status updates to senior management, credit committees, clients, investors, rating agencies, and other stakeholders, as required.
• Monitor assigned assets, servicing advances, reserve balances, collateral condition, third-party reports, legal activity, and key performance indicators through resolution.
• Ensure servicing actions comply with loan documents, servicing agreements, delegated authorities, investor requirements, internal policies, and applicable procedures.
• Identify and appropriately manage potential conflicts of interest, confidentiality requirements, material nonpublic information, and other legal or compliance considerations arising from distressed loan, enforcement, and disposition activities.
• Coordinate with master servicers, primary servicers, surveillance, accounting, credit, loan administration, property management, and other internal teams.
• Establish and maintain asset-level action plans, milestones, risk ratings, reporting requirements, and escalation protocols to support timely execution, accurate portfolio reporting, and effective management oversight.
• Provide technical guidance, training, and mentoring to analysts and junior asset management personnel and support workload coordination and knowledge transfer.
• Supervise assigned employees, including setting performance expectations, allocating work, reviewing work product, providing coaching and development, supporting succession planning, and addressing performance matters in accordance with company policies.
• Identify emerging portfolio risks and elevate material developments, approval needs, or strategy changes to senior management.
• Other duties as assigned.

Skills

Financial analysis

Real estate valuation

Cash flow modeling

Capitalization rates

Presentations to committees

Leadership

Education

Bachelor's degree

Job description

Berkadia is seeking a Vice President – Asset Manager to oversee a portfolio of distressed commercial real estate loans and REO assets, providing senior-level strategy and leadership across multiple servicers and platforms.

You will analyze collateral, market conditions, and borrower capacity, prepare business plans, lead negotiations, and mentor analysts, driving recoveries and compliance. This is a senior, on-site role in a growth-focused team.