Capital One
Senior Agency Asset Manager, Criticized Assets
Capital One, Charlotte, North Carolina, United States, 28245
Overview
Senior Agency Asset Manager, Criticized Assets
The Manager (Senior Asset Manager) will play a vital role within the Agency Asset Management - Risk Mitigation team managing an assigned portfolio of multifamily loans requiring heightened surveillance and risk mitigation oversight. The Agency Manager will be responsible for managing communication to internal and external stakeholders including investors, vendors, and borrowers. They will be responsible for performing duties as necessary to support the goals and objectives of the Multifamily Asset Management platform. This position will report into a Senior Manager.
Responsibilities
Portfolio Oversight: Manage a portfolio of distressed multifamily assets, with a focus on developing loss mitigation strategies, based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics.
Stakeholder Communication: Present to executive leadership and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements.
Workouts and Resolutions: Develop and implement workout strategies for underperforming assets, collaborating with stakeholders to maximize asset value and financial outcomes.
Monitor monetary and non-monetary defaults and take swift action to mitigate risk.
Prepare property and loan level valuations using various valuation methodologies.
Conduct on-site property inspections on heightened risk rated loans.
Participate in monthly loan risk rating process.
Prepare ad hoc portfolio reports and analyses.
Identify operational opportunities to aid in promoting accuracy and efficiency.
Use experience to mentor, train and manage junior staff.
Basic Qualifications
Bachelor's Degree or military experience.
At least 5 years of experience with asset management.
At least 5 years of experience in multifamily real estate.
At least 5 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience.
Preferred Qualifications
At least 5 years of experience in multifamily real estate, preferably in Asset Management, Loss Mitigation or Watchlist Management, with strong understanding of Asset Management principles and Lender requirements.
Exceptional communication, negotiation, and interpersonal skills.
Strong analytical and problem solving skills.
Proven ability to manage multiple complex situations under pressure and with a high degree of professionalism.
Note:
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
Compensation and Benefits The minimum and maximum full-time annual salaries for this role are listed below, by location. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Charlotte, NC: $144,000 - $164,400 for Agency Asset Manager I
McLean, VA: $158,400 - $180,800 for Agency Asset Manager II
Plano, TX: $144,000 - $164,400 for Agency Asset Manager II
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered will be reflected in the offer letter.
This role is also eligible to earn performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support total well-being. Learn more at the Capital One Careers website. Eligibility varies based on status and management level.
This role is expected to accept applications for a minimum of 5 business days. No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable laws. Capital One promotes a drug-free workplace. Capital One will consider qualified applicants with a criminal history in a manner consistent with legal requirements.
If you require an accommodation during the application process, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information provided will be kept confidential and used only to provide needed reasonable accommodations.
Careers contact: Careers@capitalone.com
Capital One does not provide or guarantee third-party products or services offered through this site. Capital One Financial is made up of several entities. Please note that positions posted in Canada, the United Kingdom, or the Philippines correspond to Capital One Canada, Capital One Europe, and Capital One Philippines Service Corp. (COPSSC) respectively.
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The Manager (Senior Asset Manager) will play a vital role within the Agency Asset Management - Risk Mitigation team managing an assigned portfolio of multifamily loans requiring heightened surveillance and risk mitigation oversight. The Agency Manager will be responsible for managing communication to internal and external stakeholders including investors, vendors, and borrowers. They will be responsible for performing duties as necessary to support the goals and objectives of the Multifamily Asset Management platform. This position will report into a Senior Manager.
Responsibilities
Portfolio Oversight: Manage a portfolio of distressed multifamily assets, with a focus on developing loss mitigation strategies, based on complex analyses, financial performance, borrower net worth and liquidity, market conditions, collateral condition, and other risk metrics.
Stakeholder Communication: Present to executive leadership and act as the primary point of contact for internal and external stakeholders, addressing concerns and providing clear, frequent updates on progress and strategy to ensure compliance with all loan documents and Agency requirements.
Workouts and Resolutions: Develop and implement workout strategies for underperforming assets, collaborating with stakeholders to maximize asset value and financial outcomes.
Monitor monetary and non-monetary defaults and take swift action to mitigate risk.
Prepare property and loan level valuations using various valuation methodologies.
Conduct on-site property inspections on heightened risk rated loans.
Participate in monthly loan risk rating process.
Prepare ad hoc portfolio reports and analyses.
Identify operational opportunities to aid in promoting accuracy and efficiency.
Use experience to mentor, train and manage junior staff.
Basic Qualifications
Bachelor's Degree or military experience.
At least 5 years of experience with asset management.
At least 5 years of experience in multifamily real estate.
At least 5 years of GSE experience (Fannie Mae or Freddie Mac) or CMBS experience.
Preferred Qualifications
At least 5 years of experience in multifamily real estate, preferably in Asset Management, Loss Mitigation or Watchlist Management, with strong understanding of Asset Management principles and Lender requirements.
Exceptional communication, negotiation, and interpersonal skills.
Strong analytical and problem solving skills.
Proven ability to manage multiple complex situations under pressure and with a high degree of professionalism.
Note:
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.
Compensation and Benefits The minimum and maximum full-time annual salaries for this role are listed below, by location. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
Charlotte, NC: $144,000 - $164,400 for Agency Asset Manager I
McLean, VA: $158,400 - $180,800 for Agency Asset Manager II
Plano, TX: $144,000 - $164,400 for Agency Asset Manager II
Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered will be reflected in the offer letter.
This role is also eligible to earn performance-based incentive compensation, which may include cash bonuses and/or long-term incentives (LTI). Incentives could be discretionary or non-discretionary depending on the plan.
Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support total well-being. Learn more at the Capital One Careers website. Eligibility varies based on status and management level.
This role is expected to accept applications for a minimum of 5 business days. No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable laws. Capital One promotes a drug-free workplace. Capital One will consider qualified applicants with a criminal history in a manner consistent with legal requirements.
If you require an accommodation during the application process, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information provided will be kept confidential and used only to provide needed reasonable accommodations.
Careers contact: Careers@capitalone.com
Capital One does not provide or guarantee third-party products or services offered through this site. Capital One Financial is made up of several entities. Please note that positions posted in Canada, the United Kingdom, or the Philippines correspond to Capital One Canada, Capital One Europe, and Capital One Philippines Service Corp. (COPSSC) respectively.
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