Special Assets Officer-Real Estate
Mitchell Martin
Brockton, MA
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JOB DETAILS
SALARY
$84,000–$120,000 Per Year
LOCATION
Brockton, MA
POSTED
30+ days ago
Location: Regional Area - Northeastern U.S.
Description:
We are seeking a Special Assets Officer to manage and rehabilitate a portfolio of classified Real Estate loans and properties. The role involves devising and implementing strategies to mitigate risk and maximize recovery, working closely with the Special Assets Group. The ideal candidate will have a strong background in managing distressed portfolios and a deep understanding of regulatory and compliance requirements within financial institutions.
Essential Functions:
Manage a portfolio of classified assets, including commercial Real Estate loans, construction projects, and other Real Estate-owned properties.
Devise and implement strategies for loan restructuring and risk mitigation.
Monitor loan compliance, covenant adherence, and borrower financial reporting.
Collaborate with Portfolio Managers to prepare credit analyses, status reports, and loan restructuring packages.
Ensure timely renewal of loan maturities and accurate risk ratings.
Communicate with attorneys, appraisers, and other stakeholders to facilitate pre-closing and resolution activities.
Maintain accurate documentation and ensure compliance with internal and external regulatory requirements.
Core Competencies:
Strong analytical skills to develop restructuring and risk mitigation strategies.
Ability to analyze financial conditions, cash flow, collateral, and repayment capacity.
Effective communication with borrowers, legal counsel, and other stakeholders.
Qualifications:
Formal credit training required.
10+ years of experience managing distressed portfolios of commercial Real Estate loans and properties.
MBA or equivalent experience in Accounting, Finance, or Economics preferred.
Employment Type:
Full-Time
Compensation:
Pay range: $84k-$120k/year
Benefits:
A comprehensive benefits package is offered; reach out to your nghabrial@itmmi.com to find out more.
EEO Statement
Learn more about our EEO policy here.
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About the Company
M
Mitchell Martin
OUR FOCUS IS GROWTH
It’s not just about filling job openings. It’s about enabling growth and inspiring success. That’s what we do.
Mitchell Martin is one of the nation’s largest staffing companies, with offices throughout the US as well as in India and the Philippines. We help drive success for both people and companies by helping them achieve positive growth. We do this by building strong relationships and developing a deep understanding of the people we work with, in order to facilitate the best matches for both sides of the equation.
COMPANY SIZE
100 to 499 employeesINDUSTRY
Staffing/Employment Agencies
FOUNDED
1984
WEBSITE
https://www.mitchellmartin.com