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Confidential
Boston, MA, United States
Managing Director, Asset Management About the Company Prominent real estate investment & development firm Industry Real Estate Type Privately Held Founded 2016 Employees 11-50 Categories Building Maintenance Financial Services Property Management Real Estate Rental Residential Property Managers Consulting & Professional Services Specialties Real
Job Source: ConfidentialManulife and John Hancock
Boston, MA, United States
We are a leading financial services provider committed to making decisions easier and lives better for our customers and colleagues around the world. From our environmental initiatives to our community investments, we lead with values throughout our business. To help us stand out, we help you step up, because when colleagues are healthy, respected
Job Source: Manulife and John HancockFannie Mae
Boston, MA, United States
LIHTC Asset Manager (Open to Remote)Washington, DCREF12715WAt Fannie Mae, futures are made. The inspiring work we do helps make a home a possibility for millions of homeowners and renters. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible
Job Source: Fannie MaeMentor Technical Group
Boston, MA, United States
Mentor Technical Group (MTG) provides a comprehensive portfolio of technical support and solutions for the FDA-regulated industry. As a world leader in life science engineering and technical solutions, MTG has the knowledge and experience to ensure compliance with pharmaceutical, biotechnology, and medical device safety and efficacy guidelines. Wit
Job Source: Mentor Technical GroupKPMG
Boston
**Business Title:** Manager or Senior Manager, Managed Services **Requisition Number:** 111916 - 40 **Function:** Tax Services **Area of Interest:** **State:** MA **City:** Boston **Description:** At KPMG, you can become an integral part of a dynamic team at one of the world's top tax firms. Enjoy a collaborative, future-forward culture that empowe
Job Source: KPMGKPMG
Boston
**Business Title:** Manager or Senior Manager, Managed Services **Requisition Number:** 113214 - 40 **Function:** Tax Services **Area of Interest:** **State:** MA **City:** Boston **Description:** At KPMG, you can become an integral part of a dynamic team at one of the world's top tax firms. Enjoy a collaborative, future-forward culture that empowe
Job Source: KPMGCERES Group
Boston, MA, United States
Job Description: The Managed Services Manager is responsible to ensure our Delivery Services meets the needs of our customers in an ever changing environment as cyber threats continue to evolve. The Manager must be passionate about cyber security and the drive to continue to evolve our service offers to stay with or ahead our client's needs. As M
Job Source: CERES GroupCanonical Group Ltd
Boston, MA, United States
This role is an opportunity for a technologist with a passion for Linux and Cloud technologies to build a career with Canonical and drive the success with those leveraging Ubuntu and open source products. If you have an affinity for open source development and a passion for technology, then you will enjoy working with some of the best people in the
Job Source: Canonical Group LtdNatick, MA, United States
Overview
Manager will have management responsibilities for the Bank's Commercial problem loan portfolio and Other Real Estate Owned (OREO) properties. The primary focus is to minimize financial loss while preserving the Bank's reputation. Performs any functions, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers and co-workers.
Responsibilities
Manage the day-to-day operations of the Managed Assets Department (MAD) and the Bank's OREO properties with the assistance of Department personnel. Will manage a selected portfolio of classified commercial and/or real estate customers, as needed. Makes recommendations to senior management and resolves troubled exposure through restructuring /rehabilitation, refinancing, liquidation or sale of the collateral.
Assist the Senior Credit Officer with consultation (workout liaison) for line-administered problem assets. Assists in the development and approval of pro-active, workout or turnaround action plans. Recommends the transfer to Managed Assets Department as appropriate per MSB credit policy. Follows up with the line on significantly past due accounts.
Ensures that MAD maintains credit and legal files (including OREO files) in accordance with the Bank's policies and/or federal, state and banking regulatory agency guidelines. Ensures that each assigned exposure is properly risk rated and evaluated based on the underlying cash flow, paying capacity or pledged collateral of the borrower(s)/guarantors.
Ensures that customer communication is concise, documented as appropriate and treatment reflects the Bank's objectives in the handling of the troubled customer.
Manages overall MAD activities for outside service providers who assist in the collection and/or customer rehabilitation efforts. Outside service providers including appraisers, attorneys, auctioneers, brokers, local authorities, turnaround consultants and other service providers. Ensures cost effective services from Bank approved third parties providers.
Responsible for the effective takeover, transfer and management of all Bank collateral that may become owned by the Bank (OREO Assets). Works with internal and external professionals, in taking possession, foreclosing and properly transferring ownership to the Bank. Insures proper documentation and adherence to all laws and regulatory pronouncements. Ensures the OREO assets are properly accounted for and valued on the books of the Bank or holding Bank subsidiary.
Train and assist officers and administrative staff within the unit. Acts as alternative officer for certain credits within the team.
Performs Annual Performance Reviews for the MAD employees.
Assist the Senior Credit Officer on upgrading banking practices/procedures and credit policies, in an effort to minimize future risk of loss. Ensures full compliance with the Bank's Information Security Policies and Procedures.
Represents the Bank through visible participation in various community and industry related activities. Actively promotes interest in the Bank wherever and whenever possible. Refers sales opportunities to other departments or bank affiliates in support of established objectives.
Performs related and unrelated duties as may be required.
Requirements
Bachelor's degree or its equivalent plus at least ten years of overall banking/business experience, two plus years of workout or distressed debt experience and demonstrated successful management experience. Sound understanding of consumer, commercial and real estate lending and loan workout, bankruptcy and insolvency processes and statutes.
Must have a basic understanding of the rules and regulations governing commercial debt collection practices.
Demonstrated business strategy, analytical, decision-making and problem solving skills.
Manager must have strong interpersonal, influencing and communication skills.
Must possess at least intermediate technology skills including knowledge of word processing database and spreadsheet applications.
Must have a valid driver's license.
Middlesex Savings Bank is an EO/AA Employer: Min/Fem/Vet/Disabled
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Email Alert for Managed Assets Manager jobs in Natick, MA, United States
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