[Hiring] Senior Special Assets Officer @Builders Capital Exchange

Role Description

We are seeking an experienced Senior Special Assets Officer to join our growing team. This role is critical to protecting capital and maximizing recovery across a portfolio of Residential Transitional Loans.

As a Senior Special Assets Officer, you will play a key role in overseeing and resolving non-performing and high-risk residential bridge and fix-and-flip loans. You will independently develop and execute strategic workout and resolution strategies, partnering closely with senior leadership, legal counsel, servicing partners, and capital partners to minimize losses, mitigate risk, and maximize recoveries while preserving long-term borrower and business relationships where appropriate.

What You'll Do:

• Independently oversee and manage a portfolio of non-performing, distressed, and high-risk Residential Transitional Loans (RTL) and construction loans.
• Take primary responsibility for the evaluation, management, and resolution of complex special assets.
• Develop, implement, and continuously refine comprehensive workout strategies.
• Lead periodic and event-driven reviews of problem loans.
• Evaluate complex workout alternatives and provide recommendations regarding loan modifications.
• Lead the analysis and recommendation of impairment reserves and charge-offs.
• Present detailed workout recommendations, risk assessments, and resolution strategies to senior management and capital partners.
• Serve as a subject matter expert and resource to junior Special Assets team members.
• Oversee all aspects of OREO assets arising from distressed loans.
• Conduct and oversee comprehensive evaluations of collateral value, construction progress, loan documentation, borrower financials, guarantor strength, and project feasibility.
• Develop and execute strategies designed to reduce non-performing assets.
• Lead negotiations with borrowers, guarantors, attorneys, brokers, property managers, and other stakeholders.
• Proactively identify opportunities to mitigate risk and maximize recoveries.
• Maintain oversight of risk ratings, accrual status, Problem Loan Reports (PLRs), and other portfolio reporting.
• Monitor portfolio trends and proactively assess the impact of housing market conditions.
• Collaborate closely with Legal, Servicing, Production, Underwriting, Asset Management, and other internal teams.
• Identify trends and recurring issues across the portfolio and provide recommendations to leadership.
• Exercise independent judgment in making recommendations and decisions related to distressed credits.
• Represent the Special Assets function in internal and external meetings.
• Assist leadership with strategic initiatives related to the Special Assets portfolio.
• Perform other duties as assigned to support the objectives of the Special Assets function.

Qualifications

• 7+ years of experience in special assets, credit workouts, loan servicing, or asset management.
• Strong understanding of workout strategies, foreclosure processes, collateral liquidation, and OREO management.
• Strong working knowledge of GAAP impairment analysis, charge-offs, risk ratings, and accrual accounting.
• Advanced ability to analyze complex financial, operational, and market data.
• Proven experience leading and coordinating complex loan resolutions.
• Excellent written and verbal communication skills.

Benefits

• Health Insurance – Builders Capital pays 100% of your medical insurance premiums.
• Competitive Compensation – We offer competitive wages that reward your expertise and hard work.
• Paid Time Off – Take time to recharge with 3 weeks of paid time off each year.
• Paid Holidays – Enjoy 10 paid holidays throughout the year.
• Support for both professional and personal growth.