Rialto Capital Management LLC
Sr Vice President – Loan Workout
Rialto Capital Management LLC, Miami, Florida, us, 33222
SUMMARY
Rialto is seeking an analytical, dynamic and driven asset manager to join the Loan Workout team within the Asset Management department. This senior vice president role will be responsible for the day-to-day management and resolution of a portfolio of loans consisting primarily of specially serviced CMBS loans, in addition to other distressed loan assets. This experienced candidate will also be actively engaged in underwriting potential new debt investments, along with participating in special projects as the Loan Workout platform evolves with market conditions. The ideal candidate will have a blend of commercial real estate debt experience, alongside exceptional communication and leadership skills.
KEY RESPONSIBILITIES
Proactive oversight and timely resolution of a portfolio of specially serviced CMBS loans and other distressed debt assets;
Ability to negotiate and structure complex debt instruments, and oversee transactions through the legal documentation phase;
Comprehensive analysis and understanding of collateral and loan positioning, value determination, and restructuring alternatives;
Engagement of and interaction with third party consultants including attorneys, receivers, management/leasing companies, appraisers, and environmental engineers;
Thorough understanding of and compliance with the governing loan documents (if any), loan servicing agreements, REMIC regulations, investor reporting requirements and state and federal laws governing foreclosures, receivership actions, and bankruptcies;
Presentation and recommendation of resolution strategies to company leadership;
Quarterly business plan and cash flow preparations and projections;
Strong organizational skills with the ability to manage multiple priorities;
Initiative, including the ability to complete complex tasks timely and independently.
SPECIFICATIONS
Bachelor’s Degree from an accredited university is required, preferably in a related course of study like Commercial Real Estate or Finance;
Minimum of 10 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;
Knowledge of bank, conventional, agency, and/or commercial mortgage-backed securities origination and servicing is recommended;
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;
Adaptable and flexible team player, who can collaborate with various internal and external teams while driving projects forward efficiently.
Working Conditions While performing the duties of this job, the Associate is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop. The Associate must occasionally lift and/or move up to 25 pounds. Evening and/or weekend work may be necessary to meet deadlines. This description outlines the basic tasks and requirements for the position noted. It is not a comprehensive listing of all job duties.
Rialto Capital is committed to the principles of Equal Employment Opportunity. Our policy is to provide equal employment opportunity to all applicants and Associates without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity or expression, national origin, age (40+), disability, veteran status, genetic information (including family medical history), or any other legally protected status.
Our company uses E-Verify to confirm the employment eligibility of all newly hired employees.
To learn more about E-Verify, including your rights and responsibilities, please visit:
e-verify.gov .
Job Snapshot
Employment Type: Full Time
Location: Miami, FL
Job Type: Asset Management
Experience: 10+ years
If you think you have what it takes to be a part of a fast-paced, high-performance team of entrepreneurs, and talented real estate investment and asset management experts, we want to hear from you.
For more information about career opportunities or to submit your resume, contact us at:
myrialtocareer@rialtocapital.com
Core Competencies Rialto Capital focuses on the following core competencies in both recruitment and Associate development.
Depth of Knowledge and Expertise
Judgment and Decision Making
Focused on Results and Adding Value
Reliability/Dependability
Inclusive & Diverse Teamwork/Collaborative Problem Solving
Thoroughness and Accountability
Our Total Rewards Rialto Capital provides an attractive Total Rewards package for our Associates, which includes:
Competitive total cash compensation
Competitive benefit offerings
Paid time off and leave programs
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Rialto is seeking an analytical, dynamic and driven asset manager to join the Loan Workout team within the Asset Management department. This senior vice president role will be responsible for the day-to-day management and resolution of a portfolio of loans consisting primarily of specially serviced CMBS loans, in addition to other distressed loan assets. This experienced candidate will also be actively engaged in underwriting potential new debt investments, along with participating in special projects as the Loan Workout platform evolves with market conditions. The ideal candidate will have a blend of commercial real estate debt experience, alongside exceptional communication and leadership skills.
KEY RESPONSIBILITIES
Proactive oversight and timely resolution of a portfolio of specially serviced CMBS loans and other distressed debt assets;
Ability to negotiate and structure complex debt instruments, and oversee transactions through the legal documentation phase;
Comprehensive analysis and understanding of collateral and loan positioning, value determination, and restructuring alternatives;
Engagement of and interaction with third party consultants including attorneys, receivers, management/leasing companies, appraisers, and environmental engineers;
Thorough understanding of and compliance with the governing loan documents (if any), loan servicing agreements, REMIC regulations, investor reporting requirements and state and federal laws governing foreclosures, receivership actions, and bankruptcies;
Presentation and recommendation of resolution strategies to company leadership;
Quarterly business plan and cash flow preparations and projections;
Strong organizational skills with the ability to manage multiple priorities;
Initiative, including the ability to complete complex tasks timely and independently.
SPECIFICATIONS
Bachelor’s Degree from an accredited university is required, preferably in a related course of study like Commercial Real Estate or Finance;
Minimum of 10 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;
Knowledge of bank, conventional, agency, and/or commercial mortgage-backed securities origination and servicing is recommended;
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;
Adaptable and flexible team player, who can collaborate with various internal and external teams while driving projects forward efficiently.
Working Conditions While performing the duties of this job, the Associate is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop. The Associate must occasionally lift and/or move up to 25 pounds. Evening and/or weekend work may be necessary to meet deadlines. This description outlines the basic tasks and requirements for the position noted. It is not a comprehensive listing of all job duties.
Rialto Capital is committed to the principles of Equal Employment Opportunity. Our policy is to provide equal employment opportunity to all applicants and Associates without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity or expression, national origin, age (40+), disability, veteran status, genetic information (including family medical history), or any other legally protected status.
Our company uses E-Verify to confirm the employment eligibility of all newly hired employees.
To learn more about E-Verify, including your rights and responsibilities, please visit:
e-verify.gov .
Job Snapshot
Employment Type: Full Time
Location: Miami, FL
Job Type: Asset Management
Experience: 10+ years
If you think you have what it takes to be a part of a fast-paced, high-performance team of entrepreneurs, and talented real estate investment and asset management experts, we want to hear from you.
For more information about career opportunities or to submit your resume, contact us at:
myrialtocareer@rialtocapital.com
Core Competencies Rialto Capital focuses on the following core competencies in both recruitment and Associate development.
Depth of Knowledge and Expertise
Judgment and Decision Making
Focused on Results and Adding Value
Reliability/Dependability
Inclusive & Diverse Teamwork/Collaborative Problem Solving
Thoroughness and Accountability
Our Total Rewards Rialto Capital provides an attractive Total Rewards package for our Associates, which includes:
Competitive total cash compensation
Competitive benefit offerings
Paid time off and leave programs
#J-18808-Ljbffr