CRE Workouts Officer

About Our Client

• Lead turnaround strategies for distressed CRE assets
• Drive outcomes across NYC rent regulated multifamily portfolios

What You'll Do Distressed Portfolio Oversight

• Oversee a portfolio of challenged commercial real estate loans, particularly rent regulated multifamily properties in the NYC market.
• Analyze borrower strength, property stability, guarantor resources, and overall risk indicators.
• Recommend and execute strategies such as modifications, restructures, extensions, and other workout pathways.
• Track borrower compliance, property performance, and adherence to loan terms.

Document & Deal Structure Review

• Examine and negotiate a wide range of legal documents including loan agreements, guarantees, mortgage instruments, intercreditor arrangements, and workout related agreements.
• Work closely with internal and outside counsel to ensure documents are structurally sound and aligned with credit policy.
• Spot issues that may limit enforceability or recovery prospects.

Property & Financial Assessment

• Conduct full financial and operational analysis of regulated multifamily assets, assessing rent rolls, regulatory compliance, operating statements, market factors, and capital needs.
• Build financial models and valuations that support resolution strategies.
• Produce clear, actionable credit materials for internal committees and senior leaders.

Borrower & Counterparty Engagement

• Serve as the lead negotiator in discussions with institutional sponsors, borrower groups, investor representatives, and attorneys.
• Maintain steady communication to keep all parties aligned and informed.
• Navigate discussions toward fair and risk managed outcomes.

Foreclosure & Post Foreclosure Management

• Guide foreclosure processes, ensuring all steps comply with state requirements and procedural timelines.
• Manage post foreclosure real estate (REO), including stabilization, valuation, and disposition planning.
• Partner with asset management and real estate groups to optimize value and reduce holding costs.

Governance, Compliance & Reporting

• Ensure actions are consistent with credit standards, risk frameworks, and regulatory expectations.
• Maintain complete and audit ready documentation across all workout activities.
• Apply strong policy awareness and support all recommendations with clear analysis.

Core Capabilities

• Credit Precision: Makes disciplined, well supported credit decisions.
• Regulatory Familiarity: Understands policy frameworks and risk expectations.
• Skilled Negotiator: Navigates complex discussions with institutional stakeholders.
• Delivery Focused: Moves resolutions forward efficiently and accurately.
• Collaborative Approach: Works fluidly with Legal, Credit, Compliance, and RE teams.

The Successful Applicant

A successful CRE Workouts Officer should have:

• Strong analytical and problem-solving skills to manage distressed commercial real estate loans.
• In-depth understanding of the financial services industry, specifically in banking & financial services.
• Proven ability to collaborate with diverse teams and negotiate effectively with stakeholders.
• Knowledge of regulatory requirements and compliance standards in the financial sector.
• Excellent communication skills, both written and verbal, for preparing reports and presentations.
• Proficiency in relevant financial analysis tools and software.

What's on Offer

$150,000 - $180,000.