KEY RESPONSIBILITIES:- Maintain and develop relationships with outside parties such as attorneys, brokers, consultants, receivers, contractors, and engineers, to leverage their expertise to execute on Rialto's asset management and disposition objectives.
- Review and provide value add asset management and disposition strategies for the assigned portfolio.
- Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO.
- Manage day to day activities of Asset Managers and Analysts.
- Monitor budgets and projected sales and leasing activity for assigned portfolio.
- Conduit between Loan Workout and Real Estate Asset Management; monitor REO pipeline to provide for fluid transition on timing, valuation, due diligence, and credit bid strategy.
- Manage underwriting assignments and site visits and provide feedback on AM's valuation and market commentary for new underwritings.
- Asset manage assigned portfolio of properties.
SPECIFICATIONS:- Bachelor's degree required master's degree preferred. Real estate, Finance or Related Field is preferred.
- Minimum of 8-10 years prior Real Estate experience in a management role inclusive of underwriting, due diligence, and asset management experience; strong understanding of numerous property types including: office, retail, hospitality, multi-family, industrial, etc.
- CMBS experience is highly preferred.
- Advanced knowledge and application of Microsoft Excel & Word. Argus and or Val experience strongly preferred.
- Excellent written and verbal communication skills.
- Ability to read and comprehend legal documents including Loan Agreements, Title Reports, Purchase and Sale Agreements and commercial real estate leases.
- Ability to work independently and as part of a team.
- Strong leadership skills.
- Strong organizational and time management skills.
- Ability to multi-task.
- Strong attention to detail, comprehension, negotiation, and analytical skills required.
- Manage multiple projects while meeting tight deadlines and achieving high levels of accuracy.
- Out of state travel will be required.
While performing the duties of this job, the Associate is occasionally required to stand; walk; sit; use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop. The Associate must occasionally lift and/or move up to 25 pounds. Evening or weekend work may be necessary to meet deadlines.
This description outlines the basic tasks and requirements for the position noted. It is not a comprehensive listing of all job duties.
