VP, Special Assets Officer
About The Position
Genesis Capital is a leading business purpose lender specializing in commercial real estate financing solutions for real estate developers. As a subsidiary of Rithm Capital, the Company is seeking a VP, Special Assets Officer to assist in resolving complex and troubled loan situations. This role is crucial for maximizing recovery value and minimizing risk through both work-with and workout strategies. The ideal candidate will possess advanced analytical capabilities, exceptional communication skills, and strong relationship management abilities to foster borrower engagement and internal alignment. The position requires proactive identification of credit issues, development and execution of resolution strategies, and the ability to provide clear, actionable recommendations with minimal supervision. Success hinges on managing multiple priorities, adapting quickly to a dynamic environment, and effectively communicating complex situations to a diverse range of 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
Senior
