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Rialto Capital Management LLC

Vice President – Structured Credit

Rialto Capital Management LLC, New York, New York, us, 10261

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The Structured Credit Vice President / Asset Manager will work closely with asset managers, company leadership and professional service firms in the day-to-day management, advancement, and resolution of Floating Rating and Mezzanine loans in Rialto’s portfolio. This individual will have a blend of commercial real estate debt experience, commercial asset valuation, and legal contract experience. Strong analytic capabilities and exceptional communication and leadership skills are key desired attributes.

KEY RESPONSIBILITIES

Serve as the asset manager and contact person for internal, borrower, and third-party requests/concerns for assigned loans

Proactive oversight and timely resolution of a portfolio of specially serviced CLO loans and other distressed debt assets

Report to senior management updates on assigned loans

Analyze property operating performance through review of operating statements, rent rolls and leases

Evaluate and abstract loan documents

Communicate effectively with internal and external parties including borrowers, legal counsel, property managers, other lenders, servicers, and other Rialto departments

Negotiate complex transactions

Perform research on various real estate markets throughout the U.S. and communicate with brokers in these markets

Comprehensive analysis and understanding of loan collateral dynamics, value determination, and resolution alternatives

Strong organizational skills with the ability to manage multiple priorities

Prepare valuation and cash flow analysis on projected loan resolutions based on Borrower proposals including DCF / IRR / NPV scenarios for various strategies

Underwrite potential new investment opportunities in CMBS, equity recapitalizations, asset/portfolio acquisitions, and mezzanine/preferred equity

Prepare weekly, monthly, and quarterly reports for the executive team and outside parties.

Underwrite performing loan requests for reserve disbursements, lease approvals, loan extensions and other requests as needed and ensure all requests are handled in compliance with the terms of the related Loan Documents

SPECIFICATIONS

Bachelor’s Degree from an accredited university is required, preferably in a related course of study like Commercial Real Estate or Finance

Minimum of 5 years’ experience in the workout of non-performing commercial real estate loans or debt asset management

Advance knowledge of commercial real estate, fixed income, and general financial concepts

Knowledge of bank, conventional, agency, and/or CLO origination and servicing is recommended

Ability to underwrite commercial real estate and/or residential acquisition, development, and construction transactions, as well as possess excellent verbal and written communication skills

High level proficiency working with Microsoft Excel, Word, and PowerPoint, in addition to a basic competency working with Argus and CRE Market Data Providers

Strong work ethic and attention to detail

Ability to manage time effectively while handling a variety of projects

Prior credit/real estate underwriting experience

The ideal candidate would have a strong understanding of loan documents or demonstrate the aptitude to quickly become familiar with loan documents

Strong written and verbal communication skills

Ability to multi-task and collaborate within a team setting

Must be team-oriented and work well in a collaborative environment

Working Conditions 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 and/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.

If you think you have what it takes to be a part of a fast-paced, high-performance team of entrepreneurs, and talented real estate investment and asset management experts, we want to hear from you.

For more information about career opportunities or to submit your resume, contact us at:

Rialto Capital focuses on the following core competencies in both recruitment and Associate development.

Depth of Knowledge and Expertise

Judgment and Decision Making

Focused on Results and Adding Value

Inclusive & Diverse Teamwork/Collaborative Problem Solving

Thoroughness and Accountability

Our Total Rewards

Rialto Capital provides an attractive Total Rewards package for our Associates, which includes:

Rialto Capital is a fully integrated real estate investment management, asset management and operating company. Rialto Capital was formed in 2007, and since its founding, has participated in the investment of billions of dollars of equity in real estate assets. The company invests and manages assets throughout the capital structure in real estate properties, loans, and securities.

We are headquartered in Miami, with offices in New York City and across the US. We offer Market Competitive Compensation including Bonus Opportunity for many roles, as well as: Paid Holidays, Vacation, Personal and Sick Time, 401(k) Plan with Company Match, Medical, Dental, and Vision Plans, Company Paid Life & Disability Insurance and Paid Parental Leave.

The term "Rialto Capital" refers to Rialto Management Group, LLC ("RMG") and its subsidiaries: Rialto Capital Management, LLC, the registered investment advisor ("RCM"), and Rialto Capital Advisors, LLC, the asset manager and special servicer ("RCA"). All information as of 3/31/2023, unless otherwise noted.

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