Senior Vice President, Head of Asset Management, Credit

Company Overview :

Our client is a real estate investment management company known for its vertically integrated platform and expertise in the multifamily sector. Our client is a people-focused investment manager with national experience in U.S. residential real estate. With over 50 years of experience, they manage approximately $12 billion in real estate assets on behalf of their global institutional clients. Our client aspires to improve lives through expert capital stewardship and exceptional living experiences. Their reputation for innovation and prudence attracts residents in the U.S. and investors from across the nation and from around the globe.

Position Overview :

The Senior Vice President, Head of Asset Management, Credit is responsible for providing support to the Chief Credit Officer (“CCO”) through oversight of the Debt Investments portfolio. The candidate should be solution-oriented, a skilled people manager and team leader, have excellent communication skills, an ability to provide strategic perspective, navigate challenges independently, and influence key stakeholders. Achieved through day-to-day management and leadership of the Asset Management team, continual focus on identification and implementation of process improvements, efficiencies, and streamlining activities; ensure ongoing communication between front and back-end teams; and proactive risk management, data and reporting activities.

Responsibilities :

• Manage and lead the Asset Management team

o Responsible for the day-to-day management and strategic direction of the Asset Management team

o Identify and implement process efficiencies, enhancements, and improvements in the Asset Management team and throughout the post-closing processes

o Ensure best practices are being followed

o Ensure focus of the AM team is on proactive loan monitoring, in addition to ongoing tasks and requests that need to be analyzed, reviewed, and responded to

o Focus on early identification of risks, recommending risk mitigation strategies, and communication with senior leaders, as warranted

o Provide oversight and guidance of AM issues, make decisions, communicate / negotiate with sponsors as needed, and ensure appropriate delegation within the team(s)

o Focus on maturity management process, to include financial analysis, proactive communication with sponsors and senior leadership

o Manage the Debt Investments Data team, driving data initiatives in pursuit of improved reporting, greater efficiencies in completing AM and Sub-servicer / Special Servicer tasks (includes Risk Rating Model, RealInsights, CLO, and other ongoing reporting)

o Lead quarterly portfolio and asset level reviews, ensuring appropriate loan level ratings and reporting

o Create, implement and own comprehensive risk reporting – including overall concentration and exposure risks, AM Dashboards, trend analyses, maturity management, risk rating, NCF and expense analyses, RealInsight. Seek ongoing enhancements.

o Active participant in Quarterly Valuation Process in Debt Investments, responsible for timely valuation analysis, review of valuations, identification of potential impairments in coordination with Portfolio Management and Head of Valuation Committee

o Ensure ongoing communication between front and back-end teams; trends in the market and portfolio to be a topic of routine discussion and engagement.

o Own and maintain Asset Management Policies and Procedures

Qualifications :