Role Summary:The Senior Asset Manager is responsible for the oversight, analysis, and resolution of a portfolio of high-risk, delinquent, and non-performing multifamily loans, with a strong emphasis on affordable housing, LIHTC, Agency, and Non-Agency products. This role independently manages complex distressed assets, develops workout recommendations, and partners with Legal, Credit, and Servicing to support restructures, enforcement actions, and loss-mitigation strategies. The Senior Asset Manager also provides guidance to Asset Managers and Analysts, supporting consistency in credit practice and documentation.
What You'll Do:- Manage a portfolio of high-risk, delinquent, watchlist, and non-performing multifamily assets, ensuring proactive monitoring of performance, covenant compliance, and collateral condition.
- Evaluate borrower financial strength, property performance, and business plans to assess credit risk, identify potential issues, and determine appropriate risk mitigation strategies.
- Develop and execute asset-level workout strategies, including forbearance agreements, loan restructurings, repayment plans, and, where necessary, enforcement actions.
- Partner with Legal and external counsel to manage enforcement processes such as receiverships, foreclosure, litigation, and negotiation of workout and restructuring documentation.
- Serve as the primary point of contact for complex and distressed assets, leading borrower discussions, managing investor communications, and coordinating with internal stakeholders.
- Prepare clear and concise credit memos, risk assessments, and recommendations to support decision-making by senior leadership and credit committees.
- Maintain accurate and timely asset-level data and reporting within servicing systems, ensuring transparency and consistency across tracking tools and dashboards.
- Monitor portfolio performance to identify early warning indicators and escalate emerging risks with recommended actions.
- Support portfolio-level reporting and analysis, including identification of trends, risk concentrations, and performance insights.
- Provide guidance and support to junior team members, promoting consistency in analysis, documentation, and overall asset management practices.
Skills and Experience:- Bachelor's degree required (Finance, Real Estate, or related field preferred).
- 5-7+ years of experience with strong knowledge of multifamily asset management and non-performing loans, including Agency and Non-Agency products (experience with LIHTC preferred).
- Proven ability to manage complex assets and deliver clear, well-supported credit recommendations in a dynamic environment.
- Proficiency in financial analysis, valuation concepts, and risk assessment, including experience evaluating cash flow, collateral performance, and business plans.
- Strong communication, organizational, and negotiation skills, with the ability to effectively engage borrowers, investors, legal counsel, and internal stakeholders.
- Ability to manage multiple priorities and drive outcomes in a fast-paced, high-accountability environment.
- Travel required as needed.
This is a remote role available in Missouri, Kansas, and Texas. Periodic travel to our Manhattan or Chappaqua, NY office may be required. The salary range is $95,000 - $110,000, dependent on experience.
Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.
