Rialto Capital Management LLC
Vice President – REO
Rialto Capital Management LLC, Miami, Florida, us, 33222
SUMMARY:
The role of the REO Vice President is to directly manage a large and diverse portfolio of commercial real estate properties and to oversee a team of Asset Managers, Analysts, and support staff to maximize cash flow and returns, minimize costs, and drive corporate objectives. To achieve this, the Vice President will need to have a comprehensive understanding of market conditions and trends across all asset classes, value-add possibilities, property values on an as-is basis and future value given current supply demand dynamics and value-add initiatives, project management and real estate operations. The Vice President reports to a Director of the Real Estate Group and articulates individual asset strategies, discusses market conditions influencing asset performance, reports and discusses potential sales and leases, and reports and evaluates individual team member performance.
KEY 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 Group; 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.
SPECIFICATIONS:
Bachelor’s degree required master’s degree preferred. Real estate, Finance or Related Field is preferred.
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.
CMBS experience is highly preferred.
Advanced knowledge and application of Microsoft Excel & Word. Argus and or Val experience strongly preferred.
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.
Out of state travel will be required.
Working ConditionsWhile 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 SnapshotEmployment Type: Full Time
Location:
Job Type: Asset Management
Experience: 8-10 yrs
Contact Human Resources
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 CompetenciesRialto 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 RewardsRialto 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
The role of the REO Vice President is to directly manage a large and diverse portfolio of commercial real estate properties and to oversee a team of Asset Managers, Analysts, and support staff to maximize cash flow and returns, minimize costs, and drive corporate objectives. To achieve this, the Vice President will need to have a comprehensive understanding of market conditions and trends across all asset classes, value-add possibilities, property values on an as-is basis and future value given current supply demand dynamics and value-add initiatives, project management and real estate operations. The Vice President reports to a Director of the Real Estate Group and articulates individual asset strategies, discusses market conditions influencing asset performance, reports and discusses potential sales and leases, and reports and evaluates individual team member performance.
KEY 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 Group; 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.
SPECIFICATIONS:
Bachelor’s degree required master’s degree preferred. Real estate, Finance or Related Field is preferred.
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.
CMBS experience is highly preferred.
Advanced knowledge and application of Microsoft Excel & Word. Argus and or Val experience strongly preferred.
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.
Out of state travel will be required.
Working ConditionsWhile 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 SnapshotEmployment Type: Full Time
Location:
Job Type: Asset Management
Experience: 8-10 yrs
Contact Human Resources
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 CompetenciesRialto 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 RewardsRialto 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