Vice President - Asset Manager

Location: Irvine, CA

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Berkadia is built on deep expertise, strong relationships, and a commitment to excellence across the commercial real estate industry. What sets us apart is our people. As a values-driven organization, we foster a culture where collaboration thrives, growth is encouraged, and employees are empowered to make an impact. Together, our people strengthen our business and help shape the future of Berkadia. Are you ready to be part of the next? Discover your next opportunity at Berkadia and apply today.

Position Summary

The Vice President – Asset Manager manages a portfolio of distressed commercial real estate loans and real estate owned assets across applicable servicing platforms and directly supervises assigned employees. The role analyzes collateral, property operations, borrower financial capacity, market conditions, and recovery alternatives to develop and execute strategies that mitigate losses and maximize recoveries. The Vice President – Asset Manager prepares business plans and approval memoranda, obtains required internal and external approvals, and coordinates with legal counsel and other stakeholders to document and implement approved resolutions.

The role also provides senior-level portfolio oversight, supports workload management and risk escalation, and develops junior asset management personnel.

Responsibilities

Manage a portfolio of distressed commercial real estate loans and REO assets across CMBS, Balance Sheet, Fannie Mae, Freddie Mac, HUD, SASB, CLO, or other servicing platforms, as assigned.

Analyze collateral performance, property operations, borrower and sponsor financial capacity, market conditions, loan documents, and recovery alternatives.

Develop and execute business plans and resolution strategies that mitigate losses and maximize recoveries, including modifications, extensions, forbearances, reinstatements, note sales, discounted payoffs, receiverships, foreclosures, deeds-in-lieu, and REO dispositions.

Prepare comprehensive business plans, case memoranda, financial analyses, cash-flow projections, valuation assessments, and approval recommendations.

Lead negotiations with borrowers, guarantors, counsel, investors, receivers, property managers, brokers, and other transaction parties.

Coordinate with internal and external legal counsel to document and implement approved workout, enforcement, and disposition strategies.

Review and administer Major Decisions, consent requests, lease matters, property-management changes, waivers, amendments, and other requests requiring Special Servicer or lender approval.

Select, engage, direct, and monitor approved third-party professionals, including legal counsel, receivers, property managers, brokers, appraisers, environmental consultants, and other vendors, consistent with delegated authority, engagement requirements, budgets, and performance expectations.

Present asset strategies, recommendations, and status updates to senior management, credit committees, clients, investors, rating agencies, and other stakeholders, as required.

Monitor assigned assets, servicing advances, reserve balances, collateral condition, third-party reports, legal activity, and key performance indicators through resolution.

Ensure servicing actions comply with loan documents, servicing agreements, delegated authorities, investor requirements, internal policies, and applicable procedures.

Identify and appropriately manage potential conflicts of interest, confidentiality requirements, material nonpublic information, and other legal or compliance considerations arising from distressed loan, enforcement, and disposition activities.

Coordinate with master servicers, primary servicers, surveillance, accounting, credit, loan administration, property management, and other internal teams.

Establish and maintain asset-level action plans, milestones, risk ratings, reporting requirements, and escalation protocols to support timely execution, accurate portfolio reporting, and effective management oversight.

Provide technical guidance, training, and mentoring to analysts and junior asset management personnel and support workload coordination and knowledge transfer.

Supervise assigned employees, including setting performance expectations, allocating work, reviewing work product, providing coaching and development, supporting succession planning, and addressing performance matters in accordance with company policies.

Identify emerging portfolio risks and escalate material developments, approval needs, or strategy changes to senior management.

Other duties as assigned.

Additional Locations: Scottsdale, AZ, Charlotte, NC, Ambler, PA, Midvale, UT