Special Assets Officer
About The Position
Genesis Capital (the “Company”) is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust. The VP, Special Assets Officer is responsible for assisting the SVP, Manager of Special Assets, Credit/Risk Management teams and various lending teams in resolving complex and troubled loan situations to maximize recovery value and minimize risk across both work-with and workout strategies. This role requires advanced analytical capability, exceptional communication skills, and strong relationship management to drive borrower engagement and internal alignment. The candidate will proactively identify emerging credit issues, develop and execute resolution strategies, and provide clear, actionable recommendations with limited oversight. Success in this role requires the ability to manage multiple priorities, pivot quickly in a dynamic environment, and effectively communicate complex situations to diverse stakeholders, including executive leadership, credit committees, and borrowers.
Requirements
- Bachelor’s degree required
- 10+ years in CRE loan workouts and credit risk.
- Experience with complex commercial, multifamily, and construction loans required.
- Advanced Excel and financial modeling skills required.
- Exceptional oral and written communication skills.
- Strong relationship management and negotiation abilities.
- Ability to analyze complex situations and make independent recommendations.
- Effective multitasking and prioritization skills.
- High attention to detail in data tracking and reporting.
- Advanced Excel proficiency.
- Strong collaboration and stakeholder communication skills.
- Confidence in managing difficult borrower conversations.
Nice To Haves
- Master’s preferred.
- Knowledge of multi-state foreclosure laws and regulatory environment strongly preferred.
Responsibilities
- Provide comprehensive guidance to Credit Risk and Credit Committee on early identification and resolution of troubled loans, including foreclosure and OREO strategies aligned with market conditions.
- Lead and actively participate in Troubled Loan Review processes.
- Function as primary servicing officer for complex troubled loans including commercial, multifamily, and construction assets.
- Expert in foreclosure processes, restructuring loans via forbearance agreements, managing note sale networks.
- Build and maintain strong, solution-oriented borrower relationships.
- Perform complex financial, collateral, and legal analysis; expert knowledge in cash flow and valuation analysis of MF properties nationwide, construction budgets and borrower/guarantor financial capacity.
- Deliver clear written and verbal recommendations to leadership.
- Maintain strong internal communication across multiple teams.
- Partner with internal and external legal counsel on foreclosure and litigation strategies in jurisdictions across the United States.
- Consistently and accurately monitor borrower performance; adjust strategies and communicate accordingly
- Track loan performance and conduct impairment in addition to gain/loss analysis using Excel and internal systems.
- Support origination teams with complex loan issue resolution.
- Expertise in loan servicing, tracking collateral and process of partial releases
Benefits
- Equal Employment Opportunity
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What This Job Offers
Job Type
Full-time
Career Level
Manager
