Vice President - REO

Rialto Capital•Las Vegas, NV

3d•Onsite

About The Position

Rialto Capital is seeking a Vice President - REO to join their Investment Management team. This role involves managing a portfolio of properties, developing disposition strategies, and overseeing asset managers and analysts. The ideal candidate will have a strong understanding of the CMBS process, experience in various property types, and excellent leadership and analytical skills. The company is committed to equal employment opportunity and has a culture focused on integrity, respect, inclusion, and giving back to the community.

Requirements

Bachelor’s degree required
Minimum of 8-10 years prior Real Estate experience in a management role inclusive of underwriting, due diligence, and asset management experience
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.
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, to leverage their expertise to execute on Rialto’s 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 assigned portfolio.
Conduit between Loan Workout and Real Estate Asset Management; monitor REO pipeline to provide for fluid transition on timing, valuation, due diligence, and credit bid strategy.
Manage underwriting assignments and site visits and provide feedback on AM’s valuation and market commentary for new underwritings.
Asset manage assigned portfolio of properties.