VP, Special Assets

Essential Functions and Responsibilities: Include the following but not limited to, other duties may be assigned.

• Manage a portfolio of 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.
• Collaborate with internal stakeholders, including senior management, loan origination teams, legal counsel, and external partners, to develop and execute work out strategies aligned with business objectives.
• Oversee the negotiation and documentation of workout agreements and legal settlements with borrowers, ensuring compliance with regulatory requirements and internal policies.
• Provide leadership and guidance to Special Assets team members including Asset Managers, Analysts, and support staff, fostering a culture of excellence collaboration and accountability.
• 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
• Minimum Requirements: The responsibilities listed below are required. Accommodations may be made to enable the individual with disabilities to ensure the individual can perform the essential functions and responsibilities.
• 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 10 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.