Senior Special Assets Loan Officer

Job Summary

To protect capital and maximize recovery across a portfolio of Residential Transitional Loans, the full-time Senior Special Assets Loan Officer will independently manage non-performing and high-risk loans, develop strategic workout strategies, and collaborate with various stakeholders in a remote work environment.

Key responsibilities

• Independently oversee and resolve non-performing and distressed Residential Transitional Loans and construction loans to minimize losses and ensure compliance
• Develop and implement comprehensive workout strategies based on borrower capacity, market dynamics, and risk exposure
• Lead negotiations with borrowers and stakeholders to achieve favorable workout and exit outcomes while monitoring portfolio performance and trends

Required qualifications

• 7+ years of experience in special assets, credit workouts, or asset management focused on Residential Transitional Loans, construction loans, or fix-and-flip lending
• Strong understanding of workout strategies, foreclosure processes, and OREO management for residential properties
• Advanced ability to analyze complex financial and market data to recommend optimal resolution strategies
• Proven experience leading complex loan resolutions with legal counsel and internal teams
• Excellent communication skills to present clear recommendations to senior management and capital partners