Senior Agency Asset Manager, Criticized Assets

Capital One • McLean, VA

88d • $144,000 - $180,800

About The Position

The Manager (Senior Asset Manager) will play a vital role within the Agency Asset Management - Risk Mitigation team managing an assigned portfolio of multifamily loans requiring heightened surveillance and risk mitigation oversight. The Agency Manager will be responsible for managing communication to internal and external stakeholders including investors, vendors, and borrowers. They will be responsible for performing duties as necessary to support the goals and objectives of the Multifamily Asset Management platform. This position will report into a Senior Manager.

Requirements

• Bachelor's Degree or military experience.
• At least 5 years of experience with asset management.
• At least 5 years of experience in multifamily real estate.
• At least 5 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS (Commercial Mortgage-Backed security) experience.

Nice To Haves

• At least 5 years of experience in multifamily real estate, preferably in Asset Management, Loss Mitigation or Watchlist Management, with strong understanding of Asset Management principles and Lender requirements.
• Exceptional communication, negotiation, and interpersonal skills.
• Strong analytical and problem solving skills.
• Proven ability to manage multiple complex situations under pressure and with a high degree of professionalism.

Responsibilities

• Manage a portfolio of distressed multifamily assets, focusing on developing loss mitigation strategies based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics.
• Present to executive leadership and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements.
• Develop and implement workout strategies for underperforming assets, collaborating with stakeholders to maximize asset value and financial outcomes.
• Monitor monetary and non-monetary defaults and take swift action to mitigate risk.
• Prepare property and loan level valuations using various valuation methodologies.
• Conduct on-site property inspections on heightened risk rated loans.
• Participate in monthly loan risk rating process.
• Prepare ad hoc portfolio reports and analyses.
• Identify operational opportunities to aid in promoting accuracy and efficiency.
• Use experience to mentor, train and manage junior staff.

Benefits

• Comprehensive, competitive, and inclusive set of health, financial and other benefits that support total well-being.
• Performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI).

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree