Senior Director - Special Assets

JLL empowers you to shape a brighter way. Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward. Summary/Objective:The Senior Director – Special Assets will lead a dedicated Special Assets team with the ability to identify existing and emerging risks from all perspectives, including but not limited to financial, market and physical conditions, to drive risk mitigation strategy across the portfolio and the team. In this important role, the Senior Director – Special Assets will provide exceptional service to our clients, both internal and external, and proactively mitigate risks for a portfolio of multifamily and senior housing loans.Essential Functions:Lead the identification, triage and tiering process of elevated-risk loans across the servicing portfolio, ensuring each loan receives a level of oversight appropriate to its risk profileIdentify emerging risk patterns across the portfolio and calibrate the team’s risk identification accordingly to capture all emerging risk patternsDirect a dedicated Special Assets team, setting priorities, performance, process, and reporting standardsDevelop a training program to strengthen risk identification across all asset management teamsMaintain ownership of the risk rating framework and the governance for transitioning loans to and from Special AssetsCollaborate with senior leadership on loss mitigation strategy for the portfolio’s highest-risk loans, while directing the team’s execution of mitigation plans across the broader portfolioDeliver regular reporting and risk insights to senior leadership and asset management teamsRepresent Special Assets in communications with agency partners on watchlist and workout mattersBenchmark and evolve Special Assets policies, tools, and processes to drive continuous improvementQualifications Required:Strong analytical and financial modeling skillsWorkout experience preferred, but not requiredDeep knowledge of real estate markets, valuation methodologies, and loan structuresStrong working knowledge of Fannie Mae and Freddie Mac servicing guides, watchlist criteria, and reporting requirementsDemonstrated ability to lead, coach, and develop a team of asset management professionalsStrong time management skills and ability to operate under demanding deadlinesAbility to multitask and manage several elevated-risk relationships simultaneouslyAbility to recognize, prioritize, and mitigate risk at both the individual loan and portfolio levelExcellent attention to detail and communication skillAbility to work independently and lead effectively in a team environmentAbility to travel as neededEducation:Undergraduate degree in a business related field (i.e. Finance, Accounting, Real Estate, Business).Experience:Eight or more years of experience in multifamily and/or commercial real estate finance, asset management, loan servicing, or property management, including direct exposure to Fannie Mae and/or Freddie Mac servicing requirements.Physical Demands:May be required to physically inspect residences and common areas at multifamily and senior housing properties, as well as comparable properties within the market. This may require standing and walking for extended periods of time, climbing stairs, and the ability to sit, reach, and bend.Position requires occasional travel. Travel shall include various modes of travel (including but not limited to planes, trains and automobiles) to different time zones and may require overnight lodging.Expectation for All Employees:All employees are expected to support the organization's mission, vision, and values by exhibiting the following behaviors: excellence, competence, collaboration, innovation, respect, personalization, commitment to our community, accountability, teamwork and ownership.This position does not provide visa sponsorship. Candidates must be authorized to work in the United States without sponsorship.Estimated compensation for this position:145,000.00 – 160,000.00 USD per yearThis range is an estimate and actual compensation may differ. Final compensation packages are determined by various considerations including but not limited to candidate qualifications, location, market conditions, and internal considerations.Location:On-site –Dallas, TX, Houston, TX, Overland Park, KS, Pittsburgh, PA, St. Paul, MN, Tampa, FLIf this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table!Personalized benefits that support personal well-being and growth:JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:401(k) plan with matching company contributionsComprehensive Medical, Dental & Vision CarePaid parental leave at 100% of salary Paid Time Off and Company HolidaysEarly access to earned wages through Daily PayAt JLL, we harness the power of artificial intelligence (AI) to efficiently accelerate meaningful connections between candidates and opportunities. Using AI capabilities, we analyze your application for relevant skills, experiences, and qualifications to generate valuable insights about how your unique profile aligns with the specific requirements of the role you're pursuing.JLL Privacy NoticeJones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL’s recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.For additional details please see our career site pages for each country.For candidates in the United States, please see a full copy of our Equal Employment Opportunity policy here.Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may email us at View email address on click.appcast.io. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.Pursuant to the Arizona Civil Rights Act, criminal convictions are not an absolute bar to employment.Pursuant to Illinois Law, applicants are not obligated to disclose sealed or expunged records of conviction or arrest.Pursuant to Columbia, SC ordinance, this position is subject to a background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be considered and will not automatically disqualify the candidate.California Residents onlyIf you are a California resident as defined in the California Consumer Privacy Act (CCPA) please view our Supplemental Privacy Statement which describes your rights and disclosures about your personal information. If you are viewing this on a mobile device you may want to view the CCPA version on a larger device.Pursuant to the Los Angeles Fair Chance Initiative for Hiring Ordinance, JLL will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.Accepting applications on an ongoing basis until candidate identified.SummaryLocation: Pittsburgh, PA; Dallas, TX; Houston, TX; Overland Park, KS; St. Paul, MN; Tampa, FLType: Full time