Careers: Asset Manager

 

Builders Capital is looking for a solution focused Asset Manager that can think outside of the box.  Once you apply, our Recruiting Manager will get back to you within 48 hours. 

Builders Capital provides a comprehensive range of loan products to builders and developers across the country.  Our willingness to think creatively with loan terms, aggressive rates, agile in-house servicing team, speed to fund, and technology help set us apart from others. Builders Capital is the leading private equity construction lender. Our loans help to create quality housing within communities. We strive to be The Builder’s Most Valued Relationship.

You will oversee our portfolio of over 1 billion dollars (and growing) in new construction loans. You will be diving deep into the data to try to get ahead of any potential risks and helping with any kind of workout when necessary.

In this role you will:

  • Be responsible for the servicing and managing all aspects of the problem loan portfolio, including but not limited to, pre-work out loans, downgraded loan, workout loans, prepared and updating Impairment Analysis, loans in legal proceeding, etc. to minimize BC’s loss and liability associated with the loans assigned.
  • Under the direction of the COO, the Asset Manager is responsible for managing and resolving a portfolio of special assets through rehabilitation, exit, or liquidation, as well as oversight responsibilities for past dues, overdrafts, and covenant enforcement. The Asset Manager is responsible for developing strategies for workout credits with varying and evolving degrees of aggressiveness commensurate with the situation.
  • Be accountable to complete the periodic analysis for problem loans assigned. Through the in-depth analysis, Asset Manager identifies and recommends to senior management all relevant and available lending options and strategies for the problem credit assigned.
  • The available lending strategies includes but not limited to loan restructuring, liquidation of collateral, pursuing legal action receivership through coordination with the Legal Department, seeking proper guaranties, foreclosures, deed in lieu, REO, etc.
  • Calculate and recommend impairment and charge off amount in accordance to GAAP, BC Policy, and federal regulations.
  • Make policy and procedure recommendations to senior management as it related to problem loans, impairment analysis and workouts
  • Oversee all aspects of managing, maintaining and liquidating REO property at a complex level for multiple property types.
  • Assist senior management in evaluating collateral, loan documentation and financial information to determine BC’s position in current economic conditions.
  • Responsible for restructuring and reducing problem assets at the lowest possible cost and risk, taking into account net credit losses, the cost of carrying non-performing assets and administrative costs.
  • Identifies and recommends all relevant lending strategies including, but not limited, to negotiating payment arrangements, restructuring, legal actions, or collateral foreclosure and repossession to minimize loss to BC.
  • Present lending strategy recommendations based on the analysis to management for approval.
  • Be responsible to minimize risk in the portfolio by (1) rehabilitating financing relationships so that problem assets may be restored to a satisfactory condition and (2) executing an exit strategy for problem assets that have no prospects for improvement. The analysis will include: assigning appropriate risk rating and accrual status on all problem loans, managing Watchlist report to help BC anticipate any problem loans, and preparing impairment analysis to help management determine its reserve levels.
  • Independently and accurately completes Commercial Quality Report (CQR) or any other credit risk analysis reports encompassing trend analysis, ability to repay, collateral coverage, known and potential risks, mitigation factors, and exit strategies, if applicable.
  • Understand and stay abreast of changes to BC’s Policy, Procedures, laws and regulation applicable to area of responsibility.
  • Perform collateral evaluation, verifies asset valuations, perform asset verification, investigate credit history, and evaluate personal and business assets within BC’s policy and procedure as well as applicable federal laws.
  • Assist the COO in reviewing new loan originations credit request. Verify all financial spreads are accurate, no discrepancies in third party reports, notate any issues that may impact the credit and make recommend changes to accurately assess a credit’s risk profile.
  • Make policy and procedure recommendations to senior management as it related to problem loans, impairment analysis and workouts
  • Maintain current knowledge of general economic conditions or changing trends that may affect BC’s business loans.
  • Other duties as assigned to achieve the goals of the department and BC.

Qualifications:

  • Degree Bachelors, Masters or equivalent experience
  • 4+ years of Asset Management experience
  • Demonstrates initiatives and abilities to research and resolve problems.
  • An effective negotiator (written and verbal) – clear, concise, concrete, correct, coherent, complete, and courteous
  • A self-starter with a strong attention to detail and good organizational skills
  • Able to meet deadlines and can work through any problems that might arise
  • Proficient in Microsoft Office products including Excel, Word, and Outlook. Pivot Tables and VLOOKUP’s in Excel are a plus.

Benefits:

  • Health insurance – Builders Capital pays 100% of employee Medical insurance premiums
  • Competitive wage
  • Paid time off – 3 weeks a year
  • Paid holidays – 10 paid holidays
  • Health Reimbursement Account (HRA) – Builders Capital puts $125 dollars a month into an HRA account for employee
  • 401(k)

This job posting highlights the most critical responsibilities and requirements of the job; however, there may be additional duties, responsibilities, and qualifications for this job.

Construction Loan Services II LLC (Builders Capital) and its affiliates are Equal Employment Opportunity (EEO) employers and welcome all qualified applicants.  This is a full-time exempt position. The job description contained herein is not intended to be a comprehensive list of the duties and responsibilities of the position, which may change without notice.