Senior Special Assets Officer

Builders Capital Exchange

8h

About The Position

Builders Capital Exchange is seeking an experienced Senior Special Assets Officer to protect capital and maximize recovery across a portfolio of Residential Transitional Loans. The role oversees and resolves non-performing and high-risk residential bridge, fix-and-flip, and construction loans. The officer independently develops and executes workout and resolution strategies in partnership with senior leadership, legal counsel, servicing partners, and capital partners, aiming to minimize losses and mitigate risk while preserving borrower and business relationships where appropriate.

The position manages complex distressed credits through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other appropriate resolutions. It also oversees OREO assets, including 4–6 unit residential properties under renovation or stabilization, and provides subject-matter guidance to junior Special Assets team members. The role collaborates across internal teams and represents the Special Assets function with external stakeholders. Builders Capital Exchange is a private money lender that originates $5B in loan volume annually.

Requirements

• 7+ years of experience in special assets, credit workouts, loan servicing, or asset management, with a strong focus on Residential Transitional Loans, construction loans, bridge loans, or fix-and-flip lending, or relevant experience.
• Strong understanding of workout strategies, foreclosure processes, collateral liquidation, and OREO management for 4–6 unit residential properties.
• Strong working knowledge of GAAP impairment analysis, charge-offs, risk ratings, and accrual accounting related to residential credit.
• Advanced ability to analyze complex financial, operational, and market data to develop and recommend resolution strategies that maximize recovery and minimize risk and loss.
• Proven experience leading and coordinating complex loan resolutions with legal counsel, servicers, brokers, investors, and internal credit and servicing teams.
• Excellent written and verbal communication skills, including the ability to present clear, well-supported recommendations to senior management and capital partners.

Responsibilities

• Independently oversee and manage non-performing, distressed, and high-risk Residential Transitional Loans and construction loans, including pre-workout credits, downgraded loans, defaulted loans, and loans in legal proceedings.
• Evaluate, manage, and resolve complex special assets through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other appropriate strategies.
• Develop, implement, and refine workout strategies based on borrower capacity, project status, collateral condition, market dynamics, legal considerations, and risk exposure.
• Lead periodic and event-driven problem-loan reviews; identify emerging risks, evaluate collateral and exit viability, and determine resolution strategies.
• Evaluate workout alternatives and recommend modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and pursuit of guaranties or other credit enhancements.
• Lead analysis and recommendations for impairment reserves and charge-offs in accordance with GAAP, company policy, and applicable regulatory guidance.
• Present workout recommendations, risk assessments, financial analyses, anticipated outcomes, risks, and proposed courses of action to senior management and capital partners.
• Guide junior Special Assets team members on loan analysis, workout strategies, borrower negotiations, documentation, and resolution processes.
• Oversee OREO assets, including coordination of valuations, property management, construction oversight, and disposition strategies for 4–6 unit residential properties under renovation or stabilization.
• Evaluate collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility in light of housing and capital market conditions.
• Execute strategies to reduce non-performing assets and minimize losses and risk while balancing credit losses, carrying costs, market conditions, legal expenses, and administrative costs.
• Lead negotiations with borrowers, guarantors, attorneys, brokers, property managers, and other stakeholders.
• Identify opportunities to mitigate risk and maximize recoveries before loans advance to more costly or complex default or legal stages.
• Oversee risk ratings, accrual status, Problem Loan Reports, and other portfolio reporting, ensuring accurate, timely, and transparent information for senior leadership and investors.
• Monitor portfolio trends and assess the effects of housing market conditions, construction costs, liquidity, interest rates, property values, and investor demand on performance and resolution strategies.
• Collaborate with Legal, Servicing, Production, Underwriting, Asset Management, and other internal teams on coordinated strategies for complex or high-risk credits.
• Identify portfolio trends and recurring issues and recommend risk mitigation, process improvements, and ways to improve portfolio performance.
• Exercise independent judgment on recommendations and decisions for distressed credits, escalating significant risks, exceptions, and material strategy changes as appropriate.
• Represent the Special Assets function in internal and external meetings with management, capital partners, borrowers, attorneys, and other stakeholders.
• Assist leadership with Special Assets portfolio initiatives and contribute to department goals, processes, and best practices.
• Perform other duties as assigned to support the Special Assets function and Builders Capital Exchange lending platform.

Benefits

• Health insurance: the company pays 100% of medical insurance premiums; PPO and HSA plans are offered.
• Competitive compensation.
• Three weeks of paid time off each year.
• Ten paid holidays each year.
• Flexible work environment.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed