Senior Director, Credit Asset Management (Los Angeles Office)
About The Position
As one of the world’s leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco. Our people are at the ver y core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including: Flexible paid time off Hybrid work schedule 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution Health & wellbeing benefits Parental Leave benefits Employee stock purchase plan The Senior Director, Credit Asset Management will be responsible for multiple diverse portfolios of commercial real estate loans originated and held by Invesco’s growing commercial real estate lending business line. The role will include oversight of third-party asset managers and leadership of loan modifications, complex workouts and resolutions.
Requirements
- 15+ years of commercial loan asset management or underwriting experience preferred.
- Construction loan, mortgage workout and senior/sub (ie mezzanine) experience is strongly preferred.
- Strong management skills with attention to detail and ability to manage multiple projects simultaneously.
- Ability to manage and collaborate with multiple external groups (third party asset manager, third party servicer) and internal groups (portfolio management, valuations, underwriting, origination)
- Demonstrated expertise in workouts and special situations.
- Highly proficient user of Microsoft Excel, PowerPoint, and Word.
- Proficient quantitative analysis, research, and problem-solving capabilities.
- Self-motivated and team oriented, with strong time management skills to prioritize deadlines.
- Collaborative approach.
- Excellent analytical, verbal and written communication skills.
- Ability to distill concepts and present results.
- Confident individual ability to provide checks and balances within internal and external groups
- Strong written and verbal communication skills.
- Bachelor’s degree in finance or related field.
Nice To Haves
- MBA strongly preferred.
Responsibilities
- Manage third party asset management team comprising 15 dedicated employees of Bellwether Asset Management.
- Establish standards, responsibilities and expectations.
- Monitor team performance and oversee work product to ensure consistency with Invesco standards.
- Train third party asset management team and ensure accountability to Invesco standards.
- Actively evaluate performance of individual asset managers and recommend hires, promotions, performance improvement plans, and terminations.
- Ensure completion of third party scope of work within specified deadlines.
- Evaluate additional scope of work as necessary.
- Negotiate third party contracts.
- Lead communication and delegation of responsibilities between Invesco in-house credit team and third party asset management team.
- Proactively monitor portfolio level performance, with a focus on Watchlist, sub-performing and non-performing loans.
- Review third party work product and assign ad hoc tasks.
- Oversee all loan asset management matters including payoffs, prepayments, lease reviews/approvals, SNDAs, reserves, escrows, draw requests, cash management, easements, financial reporting, post-closing items, waiver, modifications, valuation process and borrower requests.
- Lead the execution of loss-minimizing recovery strategies such as note sales, workouts, restructures, and/or foreclosure.
- Collaborate with internal loan originators and accounting team, as well as third-party servicer(s), capital markets team, lenders and legal counsel to drive optimal outcomes for Watchlist, sub-performing and non-performing loans.
- Lead risk rating process, identify problem / watchlist loans, develop monitoring plans, and recommendations.
- Lead monthly and quarterly loan valuations processes by managing external and internal valuations professionals and external loan asset managers with valuation oversight responsibilities.
- Proactively communicate with Portfolio Management team.
- Identify and implement process efficiencies, best practices and/or standard operating procedures.
Benefits
- Flexible paid time off
- Hybrid work schedule
- 401(K) matching of 100% up to the first 6% with a discretionary supplemental contribution
- Health & wellbeing benefits
- Parental Leave benefits
- Employee stock purchase plan
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1,001-5,000 employees
