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Senior Special Assets Loan Officer
Builders Capital. Oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans and construction loans .
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in managing distressed Residential Transitional Loans and construction loans, with a strong focus on workout strategies, risk assessment, and resolution processes. Proven ability to analyze complex financial data and collaborate with various stakeholders to maximize recovery and minimize losses.
Highest-signal resume keywords
Special Assets ManagementWorkout StrategiesGAAP Impairment AnalysisLoan ServicingCollateral Liquidation
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Residential Transitional LoansConstruction LoansForeclosure ProcessesOREO ManagementRisk RatingsAccrual AccountingFinancial AnalysisLoan ModificationsCharge-OffsResolution Strategies
Soft Skills
Excellent CommunicationLeadershipNegotiationTeam CollaborationProblem Solving
Industry Keywords
Distressed AssetsCredit WorkoutsAsset ManagementMarket DynamicsBorrower RehabilitationProperty ManagementInvestor DemandPerformance ImprovementsRisk MitigationPortfolio Reporting
About the role
Key responsibilities & impact- Oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans and construction loans
- Evaluate, manage, and resolve complex special assets through borrower rehabilitation, loan modification, foreclosure, sale, liquidation, or other resolution strategies
- Develop, implement, and refine workout strategies based on borrower capacity, project status, collateral condition, market dynamics, legal considerations, and risk exposure
- Lead reviews of problem loans, identify emerging risks, evaluate collateral and exit viability, and determine resolution strategies
- Evaluate workout alternatives and recommend loan modifications, extensions, interest reserve adjustments, collateral liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, guaranties, and other credit enhancements
- Analyze and recommend impairment reserves and charge-offs in accordance with GAAP, company policy, and regulatory guidance
- Present workout recommendations, risk assessments, and resolution strategies to senior management and capital partners
- Support and guide junior Special Assets team members on loan analysis, workout strategies, negotiations, documentation, and resolution processes
- Oversee OREO assets, including 4-6 unit residential properties under renovation or stabilization; coordinate valuations, property management, construction oversight, and dispositions
- Evaluate collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility
- Lead negotiations with borrowers, guarantors, attorneys, brokers, property managers, and other stakeholders
- Maintain oversight of risk ratings, accrual status, Problem Loan Reports, and portfolio reporting
- Monitor housing market conditions, construction costs, liquidity, interest rates, property values, and investor demand
- Collaborate with Legal, Servicing, Production, Underwriting, Asset Management, and other internal teams
- Identify portfolio trends and recommend risk mitigation, process improvements, and performance improvements to leadership
- Exercise independent judgment on distressed credits and escalate significant risks and material strategy changes
- Represent Special Assets in internal and external meetings
- Assist with strategic initiatives, department goals, processes, and best practices
Requirements
What you’ll need- 7+ years of experience in special assets, credit workouts, loan servicing, or asset management, with a strong focus on Residential Transitional Loans (RTL), construction loans, bridge loans, fix-and-flip lending, or relevant experience
- Strong understanding of workout strategies, foreclosure processes, collateral liquidation, and OREO management for 4-6 unit residential properties
- Strong working knowledge of GAAP impairment analysis, charge-offs, risk ratings, and accrual accounting related to residential credit
- Advanced ability to analyze complex financial, operational, and market data to develop and recommend resolution strategies that maximize recovery and minimize risk and loss
- Proven experience leading and coordinating complex loan resolutions with legal counsel, servicers, brokers, investors, and internal credit and servicing teams
- Excellent written and verbal communication skills with the ability to present recommendations to senior management and capital partners
Benefits
Comp & perks- Innovative environment with access to cutting-edge technology and resources
- Flexible work environment
- National impact through a nationwide construction financing operation
- 100% employer-paid medical insurance premiums
- PPO and HSA health insurance plans
- Competitive wages
- 3 weeks of paid time off annually
- 10 paid holidays