Vice President - Asset Manager

Berkadia Commercial Mortgage•Irvine, CA

19h

About The Position

The Vice President – Asset Manager manages a portfolio of distressed commercial real estate loans and real estate owned (REO) assets across applicable servicing platforms and directly supervises assigned employees. The role assesses collateral, property operations, borrower and sponsor financial capacity, market conditions, loan documents, and recovery alternatives to develop and execute strategies that mitigate losses and maximize recoveries. The position prepares business plans, financial analyses, approval memoranda, and recommendations; obtains required approvals; and coordinates with legal counsel and other stakeholders to document and implement approved resolutions. It provides senior-level portfolio oversight, supports workload management and risk escalation, and develops junior asset management personnel.

Requirements

Bachelor's degree or equivalent.
At least 7 years of experience in a similar position.
California Department of Real Estate Sales License.

Nice To Haves

Proven experience in financial analysis and real estate valuation, including a strong understanding of cash-flow modeling and capitalization rates.
Demonstrated ability to develop and implement business and liquidation plans and experience presenting to and communicating with committees and key stakeholders.
Knowledge of HUD, FNMA, and other relevant agency program guidelines, and experience managing legal and compliance issues in real estate transactions.
Strong organizational skills, precise recordkeeping, and ability to manage multiple projects simultaneously, including coordination with international teams.

Responsibilities

Manage a portfolio of distressed commercial real estate loans and REO assets across assigned servicing platforms.
Analyze collateral performance, property operations, borrower and sponsor financial capacity, market conditions, loan documents, and recovery alternatives.
Develop and execute business plans and resolution strategies to mitigate losses and maximize recoveries, including modifications, extensions, forbearances, reinstatements, note sales, discounted payoffs, receiverships, foreclosures, deeds-in-lieu, and REO dispositions.
Prepare business plans, case memoranda, financial analyses, cash-flow projections, valuation assessments, and approval recommendations.
Lead negotiations with borrowers, guarantors, counsel, investors, receivers, property managers, brokers, and other transaction parties.
Coordinate with internal and external legal counsel to document and implement approved workout, enforcement, and disposition strategies.
Review and administer Major Decisions, consent requests, lease matters, property-management changes, waivers, amendments, and other matters requiring Special Servicer or lender approval.
Select, engage, direct, and monitor approved third-party professionals in accordance with delegated authority, engagement requirements, budgets, and performance expectations.
Present asset strategies, recommendations, and status updates to senior management, credit committees, clients, investors, rating agencies, and other stakeholders as required.
Monitor assigned assets, servicing advances, reserve balances, collateral condition, third-party reports, legal activity, and key performance indicators through resolution.
Ensure servicing actions comply with loan documents, servicing agreements, delegated authorities, investor requirements, internal policies, and applicable procedures.
Identify and manage potential conflicts of interest, confidentiality requirements, material nonpublic information, and other legal or compliance considerations.
Coordinate with master servicers, primary servicers, surveillance, accounting, credit, loan administration, property management, and other internal teams.
Establish and maintain asset-level action plans, milestones, risk ratings, reporting requirements, and escalation protocols.
Provide technical guidance, training, and mentoring to analysts and junior asset management personnel; support workload coordination and knowledge transfer.
Supervise assigned employees by setting performance expectations, allocating work, reviewing work product, coaching and developing employees, supporting succession planning, and addressing performance matters in accordance with company policies.
Identify emerging portfolio risks and escalate material developments, approval needs, or strategy changes to senior management.
Perform other duties as assigned.