VP, Special Assets

Redwood Trust Inc•Charlotte, NC

About The Position

The Vice President of Asset Management is responsible for operational duties related to servicing and management of all business purpose loans in the Company’s portfolio. These loans include performing, sub-performing and special asset loans. This officer will evaluate all loans in the portfolio to improve repayment and minimize risk of loss for at-risk loans (e.g., loans that are delinquent, in non-monetary default, litigation, bankruptcy and/or REO status). This officer will also manage third party licensed servicers and vendors in connection with the mortgage loans, all in compliance with the Company's policies, procedures and related laws and regulations.

Requirements

Bachelor’s degree in finance, real estate, business administration, or a related field
Minimum 10 years of experience in commercial real estate, finance, asset management, loan workout, or a related field, with a proven track record of successfully managing distressed assets.
Strong understanding of commercial mortgage lending, loan structuring, underwriting principles, and legal documentation.
Demonstrated leadership abilities with experience leading and developing high-performing teams in a dynamic and fast-paced environment.
Analytical, negotiation, and communication skills, with the ability to interact effectively with internal and external stakeholders at all levels.
Proficiency in financial modeling, Microsoft Excel, and other relevant software applications.
Thorough knowledge of regulatory requirements and compliance standards related to commercial real estate lending asset management activities.

Nice To Haves

Master’s degree or professional certifications (e.g., CFA, CPA, CCIM,) preferred.

Responsibilities

Manage a portfolio of distressed or non-performing assets, ensuring effective resolution and mitigation of credit risk.
Develop and implement comprehensive strategies and action plans for resolving troubled assets, including loan modifications, restructuring, forbearance agreements and asset disposition.
Conduct thorough financial analysis, risk assessments, and valuation reviews of troubled assets to evaluate potential recovery options and minimize losses.
Collaborate with internal stakeholders, including senior management, loan origination teams, legal counsel, and external partners, to develop and execute work out strategies aligned with business objectives.
Oversee the negotiation and documentation of workout agreements and legal settlements with borrowers, ensuring compliance with regulatory requirements and internal policies.
Provide leadership and guidance to Special Assets team members including Asset Managers, Analysts, and support staff, fostering a culture of excellence collaboration and accountability.
Monitor and track the performance of troubled assets, analyze trends, and prepare regular reports and updates for senior management and stakeholders.
Build and maintain relationships with external parties, including borrowers, asset managers, brokers, and legal advisors, to facilitate asset management and resolution efforts.
Perform other related duties or special projects as assigned
Supervise and mentor junior staff