Distressed Asset Manager
A Distressed Asset Manager handles the acquisition, management and disposition of assets that are in financial distress, such as defaulted loans or bankruptcies.
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Sample Job Descriptions for Distressed Asset Manager
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
A Distressed Asset Manager at the junior level is responsible for assisting in the management and restructuring of assets that are underperforming, in default, or are non-profitable. This role involves working within a dynamic team to develop strategies for maximizing the value of distressed assets, including real estate, securities, and loans.
Required Skills
- Financial analysis
- Critical thinking
- Teamwork
- Communication
- MS Office proficiency
- Time management
Qualifications
- Bachelor's degree in Finance, Business Administration, or related field.
- Understanding of financial statements and models.
- Familiarity with bankruptcy and restructuring concepts.
- Strong analytical and problem-solving skills.
Responsibilities
- Evaluate and analyze distressed assets to determine appropriate management strategies.
- Assist with the implementation of asset recovery plans.
- Collaborate with legal and financial teams to negotiate terms with creditors.
- Monitor market trends and perform risk assessments on distressed assets.
- Support the senior asset manager in managing assets throughout the restructuring process.
- Prepare reports and presentations on the status and performance of distressed assets.
Intermediate (2-5 years of experience)
Summary of the Role
The Distressed Asset Manager will lead the assessment, acquisition, management, and disposition of distressed real estate or financial assets. The candidate will be responsible for developing strategies to maximize value recovery, negotiating with debtors and creditors, and overseeing the restructuring or sale of assets.
Required Skills
- Excellent analytical and decision-making skills.
- Strong negotiation and communication skills.
- Ability to work in a fast-paced, high-stress environment.
- Proficient in financial modeling and analysis.
- Knowledge of bankruptcy law and restructuring processes.
Qualifications
- Bachelor's degree in Finance, Business Administration, Real Estate, or a related field.
- 2-5 years of experience in asset management, investment banking, or in a related field dealing with distressed assets.
- Proven track record of successful distressed asset recovery.
- Strong understanding of financial statements, valuation models, and real estate markets.
Responsibilities
- Analyze distressed assets and develop recovery strategies.
- Negotiate with debtors, creditors, and other stakeholders to restructure debt or arrange the sale of assets.
- Manage the acquisition process for distressed assets, including due diligence and valuation.
- Oversee the management of acquired distressed assets to improve performance and increase value.
- Prepare and present reports on asset status and recovery plans to senior management.
- Collaborate with legal and financial advisors to ensure compliance with all relevant laws and regulations.
- Monitor market trends and economic conditions that may affect distressed assets.
Senior (5+ years of experience)
Summary of the Role
As a Senior Distressed Asset Manager, you will be responsible for managing the company's distressed assets portfolio, which includes maximizing recoveries on non-performing loans and real estate owned (REO) properties. This role involves implementing strategies for recovery, negotiating with borrowers and potential buyers, and overseeing the disposal of assets to minimize losses.
Required Skills
- Excellent analytical and financial skills.
- Strong negotiation and problem-solving abilities.
- Effective communication and interpersonal skills.
- Proficiency in relevant software, including asset management and valuation tools.
- Ability to manage multiple projects and meet tight deadlines.
Qualifications
- Bachelor's degree in Finance, Business Administration, Real Estate, Law, or a related field.
- Minimum of 5 years of experience in asset management, particularly in dealing with distressed assets.
- Strong understanding of financial analysis, real estate valuation and the legal aspects of asset recovery.
- Experienced in workout solutions, negotiations, and debt restructuring.
- Proven track record of successful recovery of non-performing loans and real estate assets.
Responsibilities
- Develop and execute strategies for managing portfolios of distressed assets to minimize losses and maximize recoveries.
- Conduct thorough analysis of distressed assets to evaluate recovery potential and risks.
- Negotiate settlements with borrowers in default or with potential purchasers of distressed assets.
- Collaborate with legal professionals to manage foreclosure actions and to ensure compliance with all regulatory guidelines.
- Maintain accurate and up-to-date records of asset performance, workouts, and recovery efforts.
- Work closely with real estate professionals to manage REO properties and prepare them for sale.
- Provide regular reporting to senior management on the status of distressed assets and recovery efforts.
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