NEWMARK

Real Estate Receiver

NEWMARK • $125K — $150K *
Boston, MA 02115In-Person
Real Estate & Construction
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in financial management or related fields
  • Bachelor's degree in Business, Finance, Law, or similar; advanced degree preferred (MBA or JD)
  • Extensive knowledge of insolvency and bankruptcy legal processes
  • Proven leadership capabilities under high-pressure situations
  • Excellent verbal and written communication skills
  • Strong analytical and problem-solving abilities

Responsibilities

  • Take control of and evaluate real estate assets for effective sales strategies
  • Oversee daily operations to enhance efficiency and reduce costs
  • Manage financial affairs, including receivables and bill payments
  • Ensure legal compliance with requirements related to receivership
  • Prepare detailed reports for courts and creditors regarding asset status
  • Execute sales of assets to maximize returns for stakeholders
  • Negotiate with creditors on settlements or payment plans

Benefits

  • Opportunity to work remotely, preferably within Eastern Time Zone
  • Access to a competitive benefits package
  • Potential for discretionary bonuses and long-term incentives
Full Job Description
Job Description

A Receiver is a legal or business professional appointed by a court to administer, manage, or oversee the assets, operations, or financial affairs of a distressed real estate entity. This role is pivotal during legal or financial difficulties when a property cannot meet its obligations and requires intervention for asset management or sale to satisfy creditors. Below is a detailed outline of the responsibilities, required skills, and qualifications typically associated with the role of a Receiver.

Main Responsibilities:
  • Asset Management: Take control of the real estate entity's asset(s), evaluating them for sales strategies to fulfill financial obligations.
  • Operations Oversight: Oversee the day-to-day operations of the property, implementing measures to improve efficiency, reduce costs, or maintain and improve the property.
  • Financial Management: Manage the entity's finances, including collecting receivables, paying bills, and handling other financial obligations.
  • Legal Compliance: Ensure compliance with legal orders, filings, and processes related to the receivership, working closely with legal counsel and courts.
  • Reporting: Prepare and submit detailed reports on the status of the receivership, asset management strategies, and financial transactions to the appointing court and creditors.
  • Disposition of Property(ies): Execute the sale of assets in a manner that maximizes returns to creditors and stakeholders, as directed by court orders.
  • Creditor Negotiations: Negotiate with creditors and stakeholders on settlement arrangements or payment plans as part of the restructuring or sale process.

Required Skills and Qualifications:
  • Strong Financial Acumen: Extensive experience in financial management, accounting, or a related field to effectively manage the entity's financial affairs.
  • Legal Understanding: Knowledge of legal processes related to insolvency, bankruptcy, or receivership, and the ability to navigate complex legal requirements.
  • Leadership: Ability to lead and manage teams, operations, and strategies under challenging circumstances.
  • Communication Skills: Excellent communication and negotiation skills to interact with courts, creditors, employees, and other stakeholders.
  • Problem-Solving Skills: Strong analytical and decision-making capabilities to address and resolve issues efficiently.
  • Detail Oriented: Precision and attention to detail in managing legal, financial, and operational tasks.

Education and Experience:
  • A bachelor's degree in Business, Finance, Law, or a related field. An advanced degree such as an MBA or JD is often preferred.
  • Significant experience in financial management, law, or business administration, with a preference for expertise in bankruptcy or insolvency.
  • Experience in a similar receivership role or in managing distressed assets.


****REMOTE WILL BE CONSIDERED**** Eastern Time Zone preferred

Salary: $125000 - $150000 annually

The expected base salary for this position ranges from $125000 to $150000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).

Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

About NEWMARK

Newmark designs, builds and sells single-family homes in five major markets within the Southwest and Southeast United States, including Houston, Austin, Dallas/Fort Worth, Miami/Ft. Lauderdale and, most recently, Nashville. Each of these markets has experienced population and job growth above the national average over the past several years. The Company operated in 49 subdivisions in these metropolitan areas, and had 444 homes under construction at December 31,1997. In addition, as of December 31, 1997, the Company owned or had under option contract 2,020 lots available for future growth. The Company is also actively engaged in residential land acquisition and development, which enables it to provide lots for its homebuilding operations.

NEWMARK Careers

Joining NEWMARK offers a unique opportunity to become part of a dynamic team that drives innovation and leadership in the industry. NEWMARK, a leader in its field, is renowned for fostering professional growth and embracing diversity through comprehensive diversity training programs.

Explore Job Opportunities

NEWMARK is constantly seeking skilled professionals eager to contribute to a team that values innovation and expertise. With a variety of job opportunities available, candidates can find positions that match their skills and career aspirations. NEWMARK is committed to hiring top talent to maintain its status as an industry leader.

Experience Professional Growth

At NEWMARK, career growth is not just a possibility, but a priority. The company supports its team members with resources and opportunities to advance professionally. Through targeted leadership programs and regular skills development workshops, employees at NEWMark are equipped to take on new challenges and elevate their careers.

Internship Programs

For those starting their careers, NEWMARK’s internship programs offer a gateway into the industry with hands-on experience and valuable networking opportunities. Interns at NEWMARK gain insights into the company’s operations and contribute to meaningful projects, setting a solid foundation for future employment.

Cultivating a Diverse and Inclusive Culture

NEWMARK is dedicated to creating an inclusive environment where diversity is celebrated. The company’s commitment to diversity training ensures that all team members feel valued and understood. NEWMARK’s culture is one of its greatest strengths, fostering a workplace where innovation thrives through diverse perspectives.

Benefits and Perks

Employees at NEWMARK enjoy a comprehensive benefits package that supports both their professional and personal lives. From health and wellness programs to flexible working arrangements, NEWMARK ensures that team members have what they need to succeed.

Join the NEWMARK Team

NEWMARK is actively hiring and looking for individuals who are passionate, curious, and driven. Explore open positions, submit a resume, and prepare for an interview process designed to identify true potential. NEWMARK values solution-driven team players who are ready to contribute to the company’s success.

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Learn more about NEWMARK
Size
251 employees
Industry
Real Estate & Construction
* Ladders Estimates

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