Vice President - REO
About The Position
This role involves managing a portfolio of REO (Real Estate Owned) properties, focusing on asset management and disposition strategies. The Vice President will leverage external expertise, understand the CMBS lifecycle, manage a team, and oversee financial aspects of the portfolio. This position acts as a crucial link between loan workout and real estate asset management, ensuring smooth transitions and strategic decision-making for property transitions, valuations, due diligence, and credit bid strategies. The role also includes managing underwriting assignments, site visits, and providing feedback on valuations and market commentary.
Requirements
- Bachelor's degree required.
- Minimum of 8-10 years prior Real Estate experience in a management role.
- Experience inclusive of underwriting, due diligence, and asset management.
- Strong understanding of numerous property types including: office, retail, hospitality, multi-family, industrial, etc.
- Advanced knowledge and application of Microsoft Excel & Word.
- Excellent written and verbal communication skills.
- Ability to read and comprehend legal documents including Loan Agreements, Title Reports, Purchase and Sale Agreements and commercial real estate leases.
- Ability to work independently and as part of a team.
- Strong leadership skills.
- Strong organizational and time management skills.
- Ability to multi-task.
- Strong attention to detail, comprehension, negotiation, and analytical skills required.
- Ability to manage multiple projects while meeting tight deadlines and achieving high levels of accuracy.
Nice To Haves
- Master's degree preferred.
- Real estate, Finance or Related Field is preferred.
- CMBS experience is highly preferred.
- Argus and or Val experience strongly preferred.
Responsibilities
- Maintain and develop relationships with outside parties such as attorneys, brokers, consultants, receivers, contractors, and engineers.
- Leverage external expertise to execute on asset management and disposition objectives.
- Review and provide value-add asset management and disposition strategies for the assigned portfolio.
- Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO.
- Manage day-to-day activities of Asset Managers and Analysts.
- Monitor budgets and projected sales and leasing activity for the assigned portfolio.
- Act as a conduit between Loan Workout and Real Estate Asset Management.
- Monitor the REO pipeline to provide for fluid transition on timing, valuation, due diligence, and credit bid strategy.
- Manage underwriting assignments and site visits.
- Provide feedback on Asset Managers' valuations and market commentary for new underwritings.
- Asset manage the assigned portfolio of properties.
Benefits
- Equal Employment Opportunity
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
