Workout Officer - Multifamily Commercial Real Estate - Remote

Overview

The Workout Officer for Multifamily Commercial Real Estate plays a crucial role in managing low complexity accounts and resolving problem loans effectively, minimizing potential losses and enhancing the company’s financial performance.

In Short

• Manage accounts of low complexity in line with risk management objectives.
• Facilitate resolution of problem loans to improve credit quality.
• Generate new income via late fees and other charges.
• Review risk ratings and support recommendations for upgrades/downgrades.
• Develop system solutions for effective portfolio monitoring.
• Ensure compliance with corporate policies and regulations.
• Support senior workout professionals in managing troubled loans.
• Coach and review junior workout professionals as needed.
• Stay updated on emerging risk trends and best practices.
• Engage in process improvement initiatives.

Requirements

• 5+ years of experience in Commercial Real Estate Workout or Collections.
• Knowledge of New York City multifamily lending and asset management.
• Excellent communication and negotiation skills.
• Bachelor's Degree in Business Administration, Finance, or related field.
• Master's Degree preferred.
• Ability to resolve complex situations with clients and regulators.
• Strong project management skills.
• Advanced Microsoft Office skills.
• Ability to mentor and guide staff.
• Ability to work cross-functionally as a team player.

Benefits

• Competitive salary range between $75,000 and $127,500.
• Opportunities for continuous learning and personal growth.
• Engaging work culture with a focus on innovation.
• Supportive environment for career development.
• Inclusive workplace that values diversity.