Vice President - Asset Management

Role Description

This role is responsible for the overall management of a client’s portfolio once acquired, acting as a primary point of contact for:

• Portfolio management
• Servicing oversight
• Servicing transfer
• Asset strategy deployed by the company on behalf of a client

This position will oversee multiple servicers, trusts, and strategic portfolio initiatives simultaneously on behalf of a client across all asset classes. Responsibilities include:

• Coordinating servicing transfer
• Operational review
• Remittance reconciliation
• Data reconciliation
• Rendering workout decisions
• Identifying servicing performance irregularities or exceptions
• Driving enhanced performance by a client’s servicer

This role coordinates with the company’s diligence and collateral services teams to define asset level strategies and curative efforts post-settlement, recognizing the results of loan-level due diligence performed. This may include:

• Quantitative and qualitative analysis
• Reviews of loan documentation and reporting
• Assessing compliance with GSE and regulatory guidelines

Development of portfolio campaign strategies, customized reporting, and project management functions are core expectations of the Lead. Overall quality and performance of the Asset Management Team is also the responsibility of this position.

This role plays an integral role in supporting the management and value within a client’s portfolio. Regular client collaboration, servicer engagement, and reporting of portfolio performance is expected in conjunction with the other Asset Manager(s) assigned to a client under this role’s leadership.

Essential Job Functions:

• Maintain visibility into the status of every deal by ensuring the reviews are performed appropriately in the system.
• Ability to work with Excel performing VLOOKUP, pivot, and other functions to understand and reconcile data.
• Raise potential issues (performance, timeline, etc.) to management attention (VP, SVP, etc.).
• Verify, where appropriate, that critical exceptions are correctly applied.
• Identify performance trends and potential enhancements for analysis and incorporation into servicer process or internal system changes.
• Such other activities as may be assigned by your manager.

Qualifications

• College degree / training in finance / mortgage banking preferred or equivalent combination of education and experience.
• Minimum of 8+ years of industry and/or relevant experience, typically with 2+ years in an AVP level role or external equivalent.
• Mortgage / secondary market experience or equivalent combination of education and experience preferred.
• Commercial real estate asset management experience is required.
• Demonstrated ability to work well with staff clients if needed.
• Strong Excel skills.
• Team oriented.
• Ability to multitask.
• Excellent PC skills and possess high level of proficiency in Microsoft products.
• Strong communication (written and oral) skills.
• Strong analytical ability, good judgment, strategic and multidimensional thinker.
• Detail oriented and organized.
• Demonstrate professional behavior and teamwork, punctual, dependable.

Special Requirements

• The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment.

Working Conditions

• Office environment with frequent computer, mouse, keyboard use.
• Alternating between sitting or standing as needed.
• Hearing, talking, reaching, grasping.

Benefits

• The annual full-time base salary range for this role is $104,000.00 - $140,000.00.
• Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location, and alignment with market data.
• Certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility, and SitusAMC Senior Management approval.
• SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies.
• All full-time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance, and 401K; in each case in accordance with the terms of the applicable plans.