Asset Manager

Overview

The organization is seeking experienced Asset Managers to own and actively manage a portfolio of loans that are not maintaining full compliance with their loan agreements. This role focuses on identifying compliance deviations early, partnering with borrowers to correct issues before default, and structuring practical solutions that protect company capital while maintaining borrower relationships.

Responsibilities

• Own and actively manage a portfolio of loans that are out of compliance with their loan agreements, from first identification through cure, resolution, or transfer to Special Assets.
• Monitor portfolio performance and borrower behavior to spot compliance deviations early, including:
  • Slow or inconsistent progress against the approved plan
  • Missed or late payments
  • Insurance or tax lapses
  • Repeated draw issues
  • Upcoming maturities without a clear exit
  • Changes in borrower liquidity or project scope
• Evaluate borrower business plans and any change of plan by reviewing construction and rehab budgets, scopes of work, permits, draw requests, and inspection reports, and determine whether the property’s actual condition and completion status have deviated materially from the original plan.
• Review and structure maturity extension requests by assessing borrower progress, exit strategy, liquidity, and collateral position; recommend terms, conditions, and pricing that protect company capital.
• Manage draw exceptions and other deviations from standard servicing, including updated budgets, re-underwriting after scope changes, and holdbacks; communicate requirements and timelines clearly to borrowers.
• Analyze borrower financial and liquidity position and project performance to assess risk and recommend a course of action.
• Identify discrepancies and red flags in draw requests, budget revisions, borrower documentation, and guarantor/ownership structures; escalate suspected fraud or misrepresentation with clearly documented support.
• Execute asset management solutions such as extensions, additional collateral or guarantors, and workout agreements in partnership with leadership; refer loans to foreclosure when intervention does not succeed.
• Lead and direct difficult conversations with borrowers and guarantors regarding performance issues, required remediation, and the consequences of continued non-compliance.
• Partner with underwriting, servicing, legal, and executive leadership to determine and execute the best path forward for each asset.
• Present complex loan situations involving material non-compliance clearly and confidently to leadership with well-supported written analysis and actionable recommendations.
• Use AI tools, including Claude, to accelerate document review, financial and construction analysis, borrower communication, and pattern detection across the portfolio.
• Contribute ideas to challenge existing processes and help the department scale while maintaining high standards of risk management.

Requirements

• Bachelor’s degree required.
• 3+ years of experience in property or asset construction and renovation, asset management, loss mitigation or workout, or commercial servicing, or a comparable combination of experience.
• Understanding of business purpose loans, including maturity extensions, modifications, and the mechanics of default and workout.
• Experience evaluating construction and renovation budgets, draw requests, and scopes of work across project types (new construction, cosmetic renovation, full gut rehab, multifamily).
• Ability to assess a borrower’s business plan, exit strategy, and liquidity to determine whether a loan can be restructured.
• Excel proficiency; strong Word skills.
• Excellent written and verbal communication skills, with the ability to partner with borrowers and lead difficult conversations professionally and confidently.
• Sound judgment and critical thinking—able to evaluate situations based on their merits rather than by checklist alone.
• High attention to detail balanced with big-picture risk thinking.
• Proficiency with, and willingness to work with, AI tools that research borrowers and loans and create efficient reporting.

Preferred Qualifications

• Background in construction, general contracting, construction engineering, or construction risk analysis.
• Experience with bridge or fix-and-flip lending, including extension and draw management.
• Experience underwriting Non-QM products (DSCR, bank statement, asset depletion).
• Familiarity with mortgage and servicing software and real estate data platforms (MLS, CoStar).
• Prior experience identifying or investigating loan fraud, borrower misrepresentation, or guarantor structuring issues.
• Experience providing feedback to or training AI-assisted underwriting or risk models.

Compensation & Benefits

• Health insurance
• Dental insurance
• Vision insurance
• 401(k)
• 401(k) matching
• Paid time off

Location

• Not specified in the provided job description.

AI-Enabled Workplace

• The organization actively incorporates artificial intelligence into daily operations and expects team members to utilize AI tools as part of standard workflow.
• All employees are provided access to Claude, including unlimited token usage, and are encouraged to leverage AI to increase productivity, automate routine tasks, improve communication, enhance decision-making, and drive innovation.
• Experience with AI tools is preferred, and willingness to adopt AI-assisted work practices is expected for this role.

Additional Benefits/Perks

• Company outings & social events
• Virtual events
• Professional development and AI training opportunities
• Access to leading AI tools, including Claude
• Companywide competitions and raffles
• Personal Financial Workshops
• Orioles Season Tickets