Vice President - Structured Credit (Miami)

Job Responsibilities

Serve as the asset manager and contact person for internal, borrower, and third-party requests / concerns for assigned loans

Proactive oversight and timely resolution of a portfolio of specially serviced CLO loans and other distressed debt assets

Report to senior management updates on assigned loans

Analyze property operating performance through review of operating statements, rent rolls and leases

Evaluate and abstract loan documents

Communicate effectively with internal and external parties including borrowers, legal counsel, property managers, other lenders, servicers, and other Rialto departments

Negotiate complex transactions

Perform research on various real estate markets throughout the U.S. and communicate with brokers in these markets

Comprehensive analysis and understanding of loan collateral dynamics, value determination, and resolution alternatives

Strong organizational skills with the ability to manage multiple priorities

Prepare valuation and cash flow analysis on projected loan resolutions based on Borrower proposals including DCF / IRR / NPV scenarios for various strategies

Underwrite potential new investment opportunities in CMBS, equity recapitalizations, asset / portfolio acquisitions, and mezzanine / preferred equity

Prepare weekly, monthly, and quarterly reports for the executive team and outside parties

Underwrite performing loan requests for reserve disbursements, lease approvals, loan extensions and other requests as needed and ensure all requests are handled in compliance with the terms of the related Loan Documents

Specifications

Bachelor's Degree from an accredited university is required, preferably in a related course of study like Commercial Real Estate or Finance

Minimum of 5 years' experience in the workout of non-performing commercial real estate loans or debt asset management

Advance knowledge of commercial real estate, fixed income, and general financial concepts

Knowledge of bank, conventional, agency, and / or CLO origination and servicing is recommended

Ability to underwrite commercial real estate and / or residential acquisition, development, and construction transactions, as well as possess excellent verbal and written communication skills

High level proficiency working with Microsoft Excel, Word, and PowerPoint, in addition to a basic competency working with Argus and CRE Market Data Providers

Strong work ethic and attention to detail

Ability to manage time effectively while handling a variety of projects

Prior credit / real estate underwriting experience

The ideal candidate would have a strong understanding of loan documents or demonstrate the aptitude to quickly become familiar with loan documents

Strong written and verbal communication skills

Ability to multi-task and collaborate within a team setting

Must be team-oriented and work well in a collaborative environment

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.

Rialto Capital is committed to the principles of Equal Employment Opportunity. Our policy is to provide equal employment opportunity to all applicants and Associates without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity or expression, national origin, age (40+), disability, veteran status, genetic information (including family medical history), or any other legally protected status.

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