Asset Manager

## Asset Manager Apply locations:
On-Site
- Tustin CA:
On-Site
- Los Angeles CAtime type:
Full time posted on:
Posted 2 Days Agojob requisition :
JR100140

Lendistry is an Equal Opportunity/Affirmative Action Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, or membership in any other group protected by federal, state, or local law.

If you need assistance or accommodation due to a disability, you may contact us at hr Lendistry does not accept unsolicited resumes from recruiters, employment agencies, or staffing firms. To conduct business with Lendistry, a Master Services Agreement (MSA) must be executed and confirmed prior to submitting any information relating to a potential candidate. Without a signed MSA, Lendistry shall not be responsible to any individual or entity for any payment relating to any form of fee or compensation.

And, in the event that a resume or candidate is submitted by a recruiter, an employment agency, or a staffing firm without a fully executed MSA, Lendistry has the unrestricted right to pursue and hire any of those candidate(s) without any legal or financial responsibility to the recruiter, agency, and/or firm.
** A Day in the Life
** The
** Asset Manager (AM)
** is responsible for managing, monitoring, and resolving troubled commercial, real estate, and government-guaranteed loan assets across both the CORE and SBA portfolios. The role is responsible for developing and executing workout, restructuring, liquidation, and recovery strategies that preserve principal, maximize recoveries, ensure regulatory compliance, and mitigate loss exposure.

The Asset Manager serves as the primary point of contact for internal and external communications related to distressed credits and is directly involved in borrower negotiations, credit analysis, workout structuring, collateral liquidation, litigation management, and SBA servicing and liquidation activities.

The Asset Manager must have experience managing a broad range of distressed assets, including commercial and industrial loans, commercial real estate loans, SBA 7(a) and SBA 504, lines of credit, asset-based lending facilities, and other specialty lending products. The ideal candidate will possess expertise in both conventional loan workouts and SBA servicing and liquidation requirements, including compliance with current SBA SOPs and guaranty preservation requirements.

The AM must have a strong working knowledge of workout strategies, commercial credit analysis, problem loan structuring, contracts, bankruptcy laws, OREO management and market dynamics. The position requires excellent written and verbal communication skills, as well as strong time management abilities. Some travel may be required.
** Lendistry:
Who We Are
** We’re proud to be the nation’s largest minority-led, tech-savvy lender for small businesses and commercial real estate.  As a certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), our mission is all about creating economic opportunities and fueling growth for small business owners and their communities.  Join us as we pave the way with innovative financing and financial education!
** What You’ll Be Doing
*** Administer a portfolio of problem and non-performing loans.  Assess problem loan situations through borrower discussions, business contacts, and loan file reviews. Develop and implement appropriate strategies and action plans to resolve problem loans and reduce company risk.
* Develop and execute action plans to address problem loan weaknesses and defaults, including restructurings, forbearances, legal actions, settlements, foreclosures, liquidations, note sales, and other resolution strategies. Negotiate with borrowers and guarantors to achieve the best possible workout and/or liquidation outcomes while minimizing losses and maximizing recoveries. Prepare charge-off requests for management approval after all collection options have been exhausted.
* Perform daily collection calls on…