Vice President - Direct Lending

Rialto Capital•Miami, FL

1d•Onsite

About The Position

Serve as the asset manager and contact person for internal, borrower, and third-party requests/concerns for assigned loans. Proactive oversight and timely resolution of a portfolio of specially serviced CLO loans and other distressed debt assets. Report to senior management updates on assigned loans. Analyze property operating performance through review of operating statements, rent rolls and leases. Evaluate and abstract loan documents. Communicate effectively with internal and external parties including borrowers, legal counsel, property managers, other lenders, servicers, and other Rialto departments. Negotiate complex transactions. Perform research on various real estate markets throughout the U.S. and communicate with brokers in these markets. Comprehensive analysis and understanding of loan collateral dynamics, value determination, and resolution alternatives. Strong organizational skills with the ability to manage multiple priorities. Prepare valuation and cash flow analysis on projected loan resolutions based on Borrower proposals including DCF / IRR / NPV scenarios for various strategies. Underwrite potential new investment opportunities in CMBS, equity recapitalizations, asset/portfolio acquisitions, and mezzanine/preferred equity. Prepare weekly, monthly, and quarterly reports for the executive team and outside parties. Underwrite performing loan requests for reserve disbursements, lease approvals, loan extensions and other requests as needed and ensure all requests are handled in compliance with the terms of the related Loan Documents.

Requirements

Bachelor’s Degree from an accredited university is required, preferably in a related course of study like Commercial Real Estate or Finance
Minimum of 5 years’ experience in the workout of non-performing commercial real estate loans or debt asset management
Advance knowledge of commercial real estate, fixed income, and general financial concepts
Ability to underwrite commercial real estate and/or residential acquisition, development, and construction transactions, as well as possess excellent verbal and written communication skills
High level proficiency working with Microsoft Excel, Word, and PowerPoint, in addition to a basic competency working with Argus and CRE Market Data Providers
Strong work ethic and attention to detail
Ability to manage time effectively while handling a variety of projects
Prior credit/real estate underwriting experience
Strong written and verbal communication skills
Ability to multi-task and collaborate within a team setting
Must be team-oriented and work well in a collaborative environment

Nice To Haves

Knowledge of bank, conventional, agency, and/or CLO origination and servicing is recommended
The ideal candidate would have a strong understanding of loan documents or demonstrate the aptitude to quickly become familiar with loan documents

Responsibilities

Serve as the asset manager and contact person for internal, borrower, and third-party requests/concerns for assigned loans
Proactive oversight and timely resolution of a portfolio of specially serviced CLO loans and other distressed debt assets
Report to senior management updates on assigned loans
Analyze property operating performance through review of operating statements, rent rolls and leases
Evaluate and abstract loan documents
Communicate effectively with internal and external parties including borrowers, legal counsel, property managers, other lenders, servicers, and other Rialto departments
Negotiate complex transactions
Perform research on various real estate markets throughout the U.S. and communicate with brokers in these markets
Comprehensive analysis and understanding of loan collateral dynamics, value determination, and resolution alternatives
Prepare valuation and cash flow analysis on projected loan resolutions based on Borrower proposals including DCF / IRR / NPV scenarios for various strategies
Underwrite potential new investment opportunities in CMBS, equity recapitalizations, asset/portfolio acquisitions, and mezzanine/preferred equity
Prepare weekly, monthly, and quarterly reports for the executive team and outside parties
Underwrite performing loan requests for reserve disbursements, lease approvals, loan extensions and other requests as needed and ensure all requests are handled in compliance with the terms of the related Loan Documents