SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

This role is responsible for overseeing a team(s) of asset managers focused on the management of a portfolio of highly complex commercial real estate loans. Provide a high level of loan surveillance support to clients by monitoring and reporting on property level cash flows, rent rolls, market conditions and property valuations for a nationwide portfolio of loans across all types of commercial real estate property types, including Construction Loans. Provide support to the Director of Situs Asset Management through the oversight and management of SitusAMC’s debt/equity asset management and surveillance activities achieving departmental goals and objectives.

Essential Job Functions:  

Manages the short-term and long-term plans based on asset management goals and objectives. 

Oversees a team of asset managers on the operational execution of portfolio risk management for client(s) based on the defined scope of work. 

Manages and mentors staff based on the tasks in their respective job descriptions. 

Provide leadership through the communication of vision gaining the support of each team 

Review all work products providing feedback to the members of the team 

Evaluate existing processes and make recommendations for improvements to the Director, asset management 

Work closely with team leads to effectively manage workload of each team member 

Ensure timely and accurate completion of all surveillance assignments 

Monitors Portfolio Performance through review of Watch List, delinquency, and maturing loan report. 

Manage Investor and Borrower relationships. 

Assist in the business development efforts for Situs Asset Management 

Conduct surveillance on commercial mortgage-backed securities applying a working knowledge of real estate valuation, underwriting and the loan resolution process in order to estimate losses and generate projected bond level cash flows 

Re-underwrite and value commercial real estate assets for placement onto warehouse lines determining whether the assets meet the criteria established for placement on the line. 

Make recommendations in connection with borrower requested transactions. 

Ensure both short-term and long-term goals and objectives are achieved. 

Manage upward relationships: Reporting results, securing assistance, and discussing major decisions 

Manage infrastructure relationships: team/collaborative approach in accomplishing objectives 

Other activities as may be assigned by your manager 

 

Qualifications/ Requirements: 

Bachelor’s degree in Accounting/ Finance/ Real Estate/ management, or combination of education and/or experience strongly preferred

Minimum of 12+ years of industry and/or relevant experience, typically with 2+ years in a VP level role or external equivalent

Experience in real estate, REO resolutions and workout strategies  

Experience in understanding real estate valuation methodology, analyzing income and expense rates and property valuation 

Relevant management experience preferred

Manages and mentor’s employees to ensure their success 

Assists with managing, growing and identifying talent 

Improving relationships with clients at a strategic and tactical level 

Continually provide an objective assessment of staff, employee morale, products and services, and the tools used in delivering the services, and make suggestions and recommendations for ways to improve them 

Assists in seeking out and developing new business relationships 

Comprehensive knowledge and understanding of leases, rent rolls and underwriting revenue 

Required to identify and understand the client’s scope of work and how SAM can add value to the client’s endeavors 

Fully competent in handling all aspects of fieldwork as well as subject property’s competitive position and must be able to provide feedback to clients on findings and conclusions 

Understand and handle property level financial information  

Complete understanding of discounted cashflow modeling  

Full understanding of asset types and leases 

Required to have full command over tenant level and borrower level credit overviews 

Superior business writing skills 

Requires management responsibility for managing and directing junior level staff in meeting project deadlines 

Proactive in the community and advance Situs’ name recognition in the industry 

Capability for determining accurate job costing and recommending pricing for transactions and completing engagement letters with clients 

Works independently on projects and collaborates as a team player 

Strong leadership skills 

  #LI-MS1 

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

The annual full time base salary range for this role is

$148,000.00 - $190,000.00

Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Pay Transparency Nondiscrimination Provision

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Know Your Rights, Workplace Discrimination is Illegal

SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.