Senior Director - Special Assets

JLL•Pittsburgh, CO

3d•Onsite

About The Position

The Senior Director – Special Assets will lead a dedicated Special Assets team with the ability to identify existing and emerging risks from all perspectives, including but not limited to financial, market and physical conditions, to drive risk mitigation strategy across the portfolio and the team. In this important role, the Senior Director – Special Assets will provide exceptional service to our clients, both internal and external, and proactively mitigate risks for a portfolio of multifamily and senior housing loans.

Requirements

Strong analytical and financial modeling skills
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
Strong time management skills and ability to operate under demanding deadlines
Ability to multitask and manage several elevated-risk relationships simultaneously
Ability to recognize, prioritize, and mitigate risk at both the individual loan and portfolio level
Excellent attention to detail and communication skill
Ability to work independently and lead effectively in a team environment
Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business).
Eight or more years of experience in multifamily and/or commercial real estate finance, asset management, loan servicing, or property management, including direct exposure to Fannie Mae and/or Freddie Mac servicing requirements.
Candidates must be authorized to work in the United States without sponsorship.

Nice To Haves

Workout experience preferred, but not required
Ability to travel as needed
Travel shall include various modes of travel (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging.

Responsibilities

Lead the identification, triage and tiering process of elevated-risk loans across the servicing portfolio, ensuring each loan receives a level of oversight appropriate to its risk profile
Identify emerging risk patterns across the portfolio and calibrate the team’s risk identification accordingly to capture all emerging risk patterns
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 across the broader portfolio
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