What are the responsibilities and job description for the Associate, Commercial Asset Manager position at Bayview Asset Management, LLC?
Overview
Position Overview:
The Associate, Commercial Asset Manager is responsible for managing a diversified portfolio of small balance commercial loans, non-performing loans (NPLs), and residential/commercial REO assets. This role requires strong analytical and communication skills, sound judgment, and the ability to execute resolution strategies that preserve and maximize asset value. The position includes, but not limited to loan surveillance, borrower loss mitigation & workout analysis, REO disposition, property valuation, repair evaluation, and collaboration with internal and external partners to mitigate losses and drive returns. The Associate will proactively identify risk, recommend action plans, and manage the full lifecycle of special-servicing responsibilities of small balance commercial loans and REO.
Key Responsibilities:
Loan Portfolio Management
Bayview and its affiliates is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
Position Overview:
The Associate, Commercial Asset Manager is responsible for managing a diversified portfolio of small balance commercial loans, non-performing loans (NPLs), and residential/commercial REO assets. This role requires strong analytical and communication skills, sound judgment, and the ability to execute resolution strategies that preserve and maximize asset value. The position includes, but not limited to loan surveillance, borrower loss mitigation & workout analysis, REO disposition, property valuation, repair evaluation, and collaboration with internal and external partners to mitigate losses and drive returns. The Associate will proactively identify risk, recommend action plans, and manage the full lifecycle of special-servicing responsibilities of small balance commercial loans and REO.
Key Responsibilities:
Loan Portfolio Management
- Conduct recurring reviews of loan performance, payment history, financial reporting, tenant stability, collateral condition.
- Review borrower financial statements, rent rolls, operating statements, leases, and guarantor financials to assess credit health and repayment capacity for various loss mitigation strategies.
- Analyze loan documentation, notes, mortgages, guarantees, and covenants to identify risks and required actions.
- Track maturities, rate resets, tax/insurance delinquencies, and other time-sensitive triggers.
- Prepare internal asset summaries, memos, and recommendations regarding loan strategy, restructuring opportunities, and risk mitigation.
- Serve as the primary point of contact for borrowers on assigned loans.
- Conduct borrower interviews to assess property operations, cash flow issues, and business plans impacting current and future loan performance.
- Evaluate and recommend loan modifications, forbearances, repayment plans, or other workout options based on investor guidelines and credit analysis.
- Collaborate with legal counsel to support enforcement actions, foreclosure timelines, and settlement negotiations.
- Manage, maintain, and assist in the disposition of REO properties while minimizing hold time, carrying costs, and loss severity.
- Evaluate REO assets to determine list strategy, property condition, repair requirements, and optimal disposition path.
- Review Broker Price Opinions (BPOs) and Appraisals to establish pricing strategies that maximize recovery and minimize days-on-market.
- Analyze As-Is and As-Repaired property valuations to determine whether repairs, renovations, or property stabilization actions are warranted.
- Assess property condition reports, repair bids, and cost-benefit analyses to determine execution value.
- Coordinate with property preservation vendors to ensure assets remain secure, maintained, and market ready.
- Develop listing strategies to enhance marketability across various online platforms and local broker networks. Utilization of MLS may be required.
- Negotiate sales prices, concessions, and contract terms, ensuring financed offers have a strong probability of closing.
- Work with title providers, HOAs, lienholders, deed processors, and closing agents to resolve issues preventing delays in closing and transfer of title.
- Review and approve corporate advances and capital expenditures in accordance with investor and client guidelines.
- Prepare monthly, quarterly, and ad hoc reports summarizing asset status, performance trends, risk ratings, and action plans.
- Maintain updated asset files, valuation data, workout models, cash flows, and property-level financials.
- Ensure compliance with servicing agreements, investor requirements, credit policies, and regulatory guidelines.
- Provide internal presentations or summaries for senior management review committees.
- Research market trends, rent levels, cap rates, comparable sales, and submarket fundamentals impacting asset value.
- Identify emerging risks, geographic concentration issues, and opportunities to improve execution.
- Develop portfolio-level strategies for risk reduction, valuation improvement, or accelerated resolution.
- 2-3 years in commercial real estate, loan asset management, REO management, loan servicing, or related field.
- Strong written and verbal communication skills, including the ability to prepare professional memos, valuation summaries, and internal recommendations.
- Demonstrated analytical, financial modeling, and critical thinking skills.
- Ability to manage high-volume workflows, prioritize deadlines, and make data-driven decisions.
- Proficiency with Microsoft Excel, financial analysis, valuation tools, and CRM/servicing systems.
- Experience with NPL resolution, special servicing, or foreclosure processes.
- Familiarity with BPO analysis, property repair evaluation, and construction scope review.
- Knowledge of real estate law, title issues, collateral documentation, and servicing regulations.
- Exposure to both commercial and residential property types across multiple geographies.
- Competitive salary and performance-based incentives
- Comprehensive health, dental, and vision insurance
- 401(k) plan with company match
- Dynamic and collaborative team environment
- Career advancement opportunities
Bayview and its affiliates is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.