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Special Assets Associate
Builders Capital. Service and manage a portfolio of non-performing and high-risk Residential Transitional Loans and construction loans, including pre-workout, downgraded, defaulted, and legally involved loans.
Core Competencies
Role fitCore Competencies
Use this summary to align your resume positioning with the role.
Demonstrates expertise in managing non-performing and high-risk Residential Transitional Loans and construction loans, with a strong focus on workout strategies, GAAP impairment analysis, and effective communication with stakeholders.
Highest-signal resume keywords
Special Assets ManagementWorkout Strategy DevelopmentGAAP Impairment AnalysisLoan Servicing ExperienceOREO Management
ATS Keywords
Tailor your resumeApplicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills
Risk AssessmentLoan ModificationCollateral EvaluationData AnalysisForeclosure ProcessesCharge-Off CalculationImpairment Reserve RecommendationMarket Trend MonitoringProblem Loan ReportingExit Strategy Presentation
Soft Skills
Excellent Communication SkillsCollaboration with Legal CounselPresentation Skills
Industry Keywords
Residential Transitional LoansConstruction LoansBridge LoansFix-and-Flip LendingOREO DispositionAccrual AccountingProblem Loan ManagementInvestor DemandBorrower RehabilitationLoan Servicing
About the role
Key responsibilities & impact- Service and manage a portfolio of non-performing and high-risk Residential Transitional Loans and construction loans, including pre-workout, downgraded, defaulted, and legally involved loans.
- Manage and resolve special assets through borrower rehabilitation, loan modification, foreclosure, sale, or liquidation.
- Develop and execute workout strategies based on borrower capacity, project status, collateral condition, and market dynamics.
- Analyze problem loans, identify risks, assess collateral and exit viability, and recommend resolution strategies.
- Evaluate workout options including modifications, extensions, interest reserve adjustments, liquidation, legal action, receivership, foreclosure, deed-in-lieu, OREO disposition, and guaranty or credit-enhancement pursuit.
- Calculate and recommend impairment reserves and charge-offs under GAAP, company policy, and applicable regulatory guidance.
- Recommend policy and procedure enhancements for problem loans, impairment methodology, and workout best practices.
- Manage OREO assets, including 4-6 unit residential properties under renovation or stabilization; coordinate valuations, property management, and dispositions.
- Evaluate collateral value, construction progress, loan documentation, borrower financials, and guarantor strength.
- Execute strategies to reduce non-performing assets while balancing losses, carrying costs, market conditions, and administrative expenses.
- Present workout and exit strategies to management and capital partners.
- Maintain risk ratings, accrual status, and Problem Loan Reports for problem loans.
- Monitor housing market trends, construction costs, liquidity conditions, and investor demand.
- Perform other duties supporting the Special Assets function and lending platform.
Requirements
What you’ll need- 3-5 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.
- 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.
- Ability to analyze data to determine optimal resolution strategies.
- Proven experience coordinating with legal counsel, servicers, brokers, investors, and internal credit teams to execute complex loan resolutions.
- Excellent written and verbal communication skills with the ability to present clear, well-supported recommendations to senior management and capital partners.
Benefits
Comp & perks- Innovative Environment: Join a forward-thinking company at the forefront of the construction finance industry with access to cutting-edge technology and resources.
- Work Flexibility: Enjoy a flexible work environment where you can balance team leadership with your personal life.
- National Impact: Be part of a nationwide operation that’s shaping the future of construction financing and making a difference for builders, developers, and homeowners across the U.S.
- Health Insurance – Builders Capital pays 100% of your medical insurance premiums; PPO and HSA plans.
- Competitive wages.
- 3 weeks of paid time off each year.
- 10 paid holidays throughout the year.