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SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.

At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!

The Equity Asset Manager will work as member of broader Pelium CRE Credit Asset Management team with a focus on managing REO (Real Estate Owned) properties. This role involves taking control of assets returned through foreclosure or deed-in-lieu processes, taking a “hands on” creative approach to formulate new business plans, assembling a team of third-party operators/advisors/consultants to execute and engaging with external stakeholders to drive asset performance, maximize asset value and ultimate loan recovery. The ideal candidate has a strong foundation in distressed equity investing, business plan formulation and execution, asset management and capital markets. Candidates possessing a history of successful distressed investing or a leasing and/or operational background is preferred.

Key Responsibilities

+ Maximize returns on REO assets through entire lifecycle (e.g. onboarding, value-creation, stabilization and disposition)

+ Work with third-party operators, agents, and advisors to develop and execute tailored business plans for each asset focused on short and medium-term value maximization

+ Drive analytics and track/forecast asset performance including creating and updating investment models, valuation models, hold/sell analyses, etc.

+ Liaise with internal stakeholders (e.g. Originators, Finance, Client & Product Solutions, etc.) to ensure transparency on assets including regular reporting (e.g. QARs) and ad-hoc presentations

+ Conduct regular property visits and support key relationships with relevant external stakeholders (e.g. brokers, appraisers, owners, local government officials, etc.)

+ Prepare and implement follow-on investment and/or disposition strategies with brokerage and capital markets professionals

Qualifications

+ Bachelor’s degree from a top undergraduate institution

+ 5-10+ years of experience in CRE distressed equity investing, CRE development/asset management,

+ Proven leadership skills working across cross-functional teams and managing internal and external constituencies

+ Demonstrates strong real estate judgment and problem-solving mindset

+ Strong modeling, analytical, valuation, and problem-solving skills

+ Entrepreneurial, self-guided work ethic with results-driven orientation

+ Excellent presentation, communication, and management skills

+ Strong attention to detail

+ Excels in a fast-paced, rigorous work environment; effectively prioritizes and meets deadlines

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

The annual full time base salary range for this role is

$135,000.00 - $175,000.00

Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

Pay Transparency Nondiscrimination Provision (https://go.situsamc.com/rs/962-QMP-613/images/pay-transp\_%20English\_formattedESQA508c.pdf?version=0)

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Know Your Rights, Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf)