Senior Asset Manager (La Jolla Shores)

Position Overview

We are a rapidly growing, fast-paced private real estate lender looking for an experienced Senior Asset Manager to oversee our active debt portfolio. In this role, you will be responsible for loan servicing oversight, construction draw administration, loan modifications, borrower risk monitoring, and workout management for non-performing assets.

The ideal candidate thrives in high-volume environments, moves with urgency, possesses strong real estate underwriting and valuation acumen, and brings decisive leadership to high-stakes portfolio decisions.

Key Responsibilities:

Portfolio Administration & Construction Servicing

● Construction Draw Oversight : Review and approve draw requests, site inspections, lien waivers, and title updates for ongoing ground-up and fix-and-flip rehabilitation projects.

● Loan Monitoring: Track loan maturities, extension requests, insurance renewals, property tax

compliance, and liquidity covenants across the active lending portfolio.

● Risk Categorization: Perform ongoing portfolio credit reviews, identifying early-warning flags for

underperforming assets and high-risk borrowers.

Loan Modifications & Asset Workouts

● Special Servicing & Workouts: Formulate, present, and execute workout strategies for delinquent or non-performing loans, including forbearance agreements, loan modifications, deed in-lieu transactions, and foreclosure proceedings.

● REO Management : Direct the management, stabilization, positioning, and liquidation of Real Estate Owned (REO) assets to maximize capital recovery.

● Legal Coordination: Partner with external legal counsel, receivers, and foreclosure trustees to execute legal remedies efficiently and in compliance with state regulations.

Valuation & Market Analysis

● Property Re-Underwriting: Conduct ongoing asset evaluations using broker price opinions (BPOs), updated appraisals, comps, and direct market intelligence.

● Borrower Relationship Management: Serve as the main point of contact for complex borrower inquiries, workouts, and loan structure modifications.

Key Performance Indicators (KPIs)

● Portfolio Non-Performing Loan (NPL) Rate: Maintain portfolio delinquency under targeted fund

thresholds.

● Draw Processing Turnaround: Maintain fast average processing times for borrower construction draw payouts without sacrificing risk controls.

● Capital Loss Mitigation: Maximize net recovery percentages on non-performing loans and REO sales

Qualifications & Experience

● Experience: 5+ years of direct experience in private lending, commercial real estate asset

management, special servicing, or hard money loan administration.

● Technical Skills: Deep familiarity with construction draw administration, real estate valuation, title

mechanics, and foreclosure law.

● Underwriting Acumen: Strong financial modeling skills with proficiency in Excel and real estate

portfolio software.

● Communication: Exceptional negotiation skills with a history of managing difficult borrower

conversations and legal proceedings.

● Education: Bachelor’s degree in Finance, Real Estate, Economics, or a related field required.

Compensation & Benefits

• Base Salary $150,000-$185,000 plus annual performance and portfolio recovery bonus
• Healthcare benefits
• 401(k)
• Paid time off
• Hybrid work with flexibility
• Opportunity to grow within a rapidly expanding private lending company