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Get to Know the Opportunity
The Special Situations Asset Manager plays a critical role within the Commercial Real Estate team, overseeing the most complex and high-risk assets in a multi-billion-dollar portfolio of both equity and debt investments. The team primarily focuses on developing value-add asset strategies and lead workout negotiations. This role oversees the full lifecycle of assets across all property types from workouts, foreclosures, and litigation to guaranty settlements, equity asset management, and ultimately disposition. It requires strong analytical and negotiation skills to drive strategic resolution and maximize portfolio returns.
The Contributions You Will Make
- Communicate with Investment Committee and investors on negotiations, portfolio performance, and strategy.
- Create and execute loan workout strategies, including borrower negotiations, restructuring proposals, and enforcement actions.
Oversee foreclosure proceedings, coordinating with legal counsel, servicers, and internal stakeholders to ensure timely and compliant execution. - Manage operating partners, landlord reps, property managers, and investment sales teams to develop strategic business plans from takeover to disposition to maximize recovery and returns.
- Perform detailed valuation and financial analysis for quarterly reporting.
- Support broader Real Estate team initiatives including annual asset reviews, portfolio risk analysis, and development of new reporting processes, tools, and technology.
- Maintain comprehensive documentation and reporting for all investments.
- Foster a collaborative and positive team environment both within Voya and with external relationships.
Minimum Knowledge and Experience
- Bachelor’s or master’s degree in real estate, finance, or a related field.
- Minimum 3-5 years of experience in commercial real estate equity or debt asset management or acquisitions.
- Strong financial analysis skills with proficiency in Excel. Experience with Argus or Val preferred.
- Proven ability to negotiate complex deals and manage external relationships.
- Excellent communication, organization, and interpersonal skills.
- Familiarity with market research tools such as CoStar, REIS, Rockport, and other valuation platforms.
