Commercial Loan Workout Senior Officer - Multifamily Focus - Remote

Commercial Real Estate Multifamily SENIOR WORKOUT OFFICER - (VP, Senior Associate) leverages his or her subject matter expertise for workout situations and activities and facilitates the resolution of problems multifamily real estate loans, proactively minimizing potential losses to the Company. The incumbent manages accounts of medium and advanced complexity and leads special workout projects and/or programs.

Ideal candidate will have:

• Successful history in banking, working out problem loans utilizing advanced knowledge of commercial loan workout best practices, identification, and resolution.
• Knowledge of New York City multifamily lending, underwriting, loan documentation, and asset management.
• Knowledge of New York City multifamily requirements including understanding of rent controlled and/or rent stabilized buildings and portfolios.
• Excellent communication and negotiation skills.

Job Description:

• Monitors activities to minimize the company's exposure to risk.
• Activities may include quantitative analysis, risk identification and remediation.
• Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards.
• Ensures that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
• Ensures adherence to the standards, policies and procedures established by the company.
• Monitors and manages risk/exposure and compliance with the company's policies.

Essential Functions:

• Manages accounts of medium and advanced complexity including defaulted multifamily commercial real estate loans and borrower relationships, the majority of which are rent stabilized and/or rent controlled housing assets in/around Greater New York City, in accordance with risk management objectives and corporate budgets. 
• Facilitates the resolution of problem multifamily loans through interacting with multifamily borrowers, designing and implementing loan modifications to improve credit quality or chances of repayment, in a cost-effective manner. Interacts with institutional sponsors. 
• Reviews adequacy of assigned risk ratings, commercial loan accounting determinations, and provide support for risk rating upgrade and downgrade recommendations.
• Collects financial information, communicates with existing multifamily borrowers s and credit administration to ensure loans are reviewed and managed in a proper and timely manner.
• Ability to analyze income and expense statements, balance sheets, guarantor financial statements and build pro forma for collateral properties at various points of loan cycle. 
• Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures and recommend solutions to resolve loans.
• Ability to analyze third …