Vice President of Asset Management

Compensation: $175,000 - $190,000 / year

Department: Asset Management

Location: Bloomington, MN

Compensation: $175,000 - $190,000 / year

We are seeking a seasoned and strategic Vice President of Asset Management to provide enterprise-level leadership over Verus’s delinquent loan portfolio. This role carries end-to-end accountability for portfolio performance, with a focus on delinquency reduction, loss minimization, and cash flow optimization.

The portfolio consists of traditional residential non-QM loans and business purpose loans secured by 1 to 4 family residences which are serviced by several third-party sub-servicers. Asset management operates within financing and structural constraints that require disciplined oversight and independent judgment. Success in this role requires the ability to operate at both a strategic and analytical level, making complex decisions that balance risk, recovery, compliance, and long-term portfolio outcomes.

The VP of Asset Management is a highly cross-functional leader and trusted partner to executive leadership, responsible for setting direction, establishing frameworks, and ensuring consistent, scalable execution across asset management functions.

• Provide leadership and direction to a team of Asset Managers, setting clear expectations for portfolio ownership, decision-making, and execution quality. ·
• Build, lead, and develop a high-performing asset management team through coaching, performance management, and succession planning.
• Lead asset management strategy across servicing functions including Customer Engagement, Loss Mitigation, Foreclosure, Bankruptcy, REO, and Litigation.
• Oversee third-party sub-servicers to ensure portfolio performance objectives are achieved, including delinquency reduction, loss minimization, and cash flow optimization.
• Analyze portfolio trends and performance drivers; partner with sub-servicers to identify interventions that optimize outcomes and reduce risk.
• Establish clear decision rights, escalation frameworks, and accountability models across asset management activities.
• Oversee performance metrics, dashboards, and reporting to guide asset-level and portfolio-level decisions.
• Apply analytical rigor and sound judgment to complex asset decisions, including scenario evaluation and trade-off analysis.
• Continuously evaluate asset management and servicing processes to identify inefficiencies, risks, and improvement opportunities.
• Implement scalable approaches that improve execution consistency, reduce volatility, and support long-term portfolio performance.
• Identify servicing, operational, and compliance risks and implement durable solutions.
• Maintain and govern delegation authority matrices and loss mitigation waterfalls to ensure consistency and compliance.
• Partner closely with executive leadership to present portfolio insights, risks, and strategic recommendations.
• Collaborate with Legal, Finance, Capital Markets, Servicing Operations, and other internal stakeholders to align asset management strategy with broader business objectives.
• Translate complex data and portfolio dynamics into clear, actionable recommendations for senior leaders.

• Bachelor’s degree required; advanced degree preferred.
• 10+ years of experience in asset management, servicing oversight, or related disciplines.
• Demonstrated experience managing and influencing third-party servicers.
• Proven people leadership experience, including leading and developing teams.
• Advanced Excel proficiency; SQL or similar data tools strongly preferred.

• Strategic Asset Management Leadership: Sets enterprise-wide direction for delinquent loan portfolio performance, balancing risk, recovery, compliance, and long-term value creation.
• Analytical & Decision-Making Rigor: Applies advanced analytics and judgment to complex asset-level and portfolio-level decisions, including scenario analysis and trade-off evaluation.
• Servicer Oversight & Governance: Effectively manages and influences third-party sub-servicers through clear performance expectations, accountability frameworks, and escalation…