What are the responsibilities and job description for the Vice President - REO position at Rialto Associate Services, LLC?
KEY RESPONSIBILITIES: Maintain and develop relationships with outside parties such as attorneys, brokers, consultants, receivers, contractors, and engineers, to leverage their expertise to execute on Rialto’s asset management and disposition objectives. Review and provide value add asset management and disposition strategies for the assigned portfolio. Fully understand the life cycle of the CMBS process, nuances, and restrictions as they relate to the REMIC and CMBS REO. Manage day to day activities of Asset Managers and Analysts. Monitor budgets and projected sales and leasing activity for assigned portfolio. Conduit between Loan Workout and Real Estate Asset Management; monitor REO pipeline to provide for fluid transition on timing, valuation, due diligence, and credit bid strategy. Manage underwriting assignments and site visits and provide feedback on AM’s valuation and market commentary for new underwritings. Asset manage assigned portfolio of properties. SPECIFICATIONS: Bachelor’s degree required master’s degree preferred. Real estate, Finance or Related Field is preferred. Minimum of 8-10 years prior Real Estate experience in a management role inclusive of underwriting, due diligence, and asset management experience; strong understanding of numerous property types including: office, retail, hospitality, multi-family, industrial, etc. CMBS experience is highly preferred. Advanced knowledge and application of Microsoft Excel & Word. Argus and or Val experience strongly preferred. Excellent written and verbal communication skills. Ability to read and comprehend legal documents including Loan Agreements, Title Reports, Purchase and Sale Agreements and commercial real estate leases. Ability to work independently and as part of a team. Strong leadership skills. Strong organizational and time management skills. Ability to multi-task. Strong attention to detail, comprehension, negotiation, and analytical skills required. Manage multiple projects while meeting tight deadlines and achieving high levels of accuracy. Out of state travel will be required. 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. Our company uses E-Verify to confirm the employment eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities please visit: e-verify.gov. Rialto Capital is an integrated investment management and asset management platform, with a dedicated special servicer. Our mission is to be a world-class, industry leading organization that creates long term value for our investors and sustains results across market cycles. Our team of over 260 associates throughout the United States and Europe is guided by our commitment to a culture of social responsibility, inclusion & diversity, and responsible investing. Rialto Capital has made a commitment to create a high-performance culture driven by an entrepreneurial spirit and an absolute commitment to integrity, respect, inclusion and giving back to the communities in which we work and live. We have focused our vision on becoming a real estate investment, asset management, servicing and finance company most admired for its people, capabilities and performance. We are always looking for Talent within our Investment Management team. Please click on the Get Started button below to upload your resume and tell us a bit about yourself.
