Jobs · Finance · California

Asset Manager

Lendistry · Tustin, CA · 1 mo ago
Finance$85k–$115k/yrFull-time
We need to output HTML fragment with sections: headings

for sections like About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. Use
  • for any list of duties/requirements/benefits, and

    for prose. Do NOT repeat job title as heading. Do NOT put Job ID etc. Remove boilerplate: EEO statements, accommodation contact, unsolicited resumes, MSA, etc. Also remove duplicated lines, navigation, legal, etc. Keep substantive info: "A Day in the Life" description, "Lendistry: Who We Are", "What You’ll Be Doing", "Your Areas of Knowledge and Expertise", "Why You'll Love Working Here" (benefits), "Compensation Range", maybe "Physical Requirements" (but schedule? Not schedule). The instruction: include a section ONLY when posting has real, specific content for it. So we need sections: About the role (maybe from "A Day in the Life" and "Lendistry: Who We Are"? Actually "About the role" could be the description of role. Could combine "A Day in the Life" and "Lendistry: Who We Are"? But we need headings exactly as given: About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. We can map content to these headings. We have: - About the role: could be the "A Day in the Life" paragraph describing role responsibilities? Actually that is more responsibilities. But we can put a brief overview: The Asset Manager (AM) is responsible for managing, monitoring, and resolving troubled commercial, real estate, and government-guaranteed loan assets across both the CORE and SBA portfolios. The role is responsible for developing and executing workout, restructuring, liquidation, and recovery strategies that preserve principal, maximize recoveries, ensure regulatory compliance, and mitigate loss exposure. The Asset Manager serves as the primary point of contact for internal and external communications related to distressed credits and is directly involved in borrower negotiations, credit analysis, workout structuring, collateral liquidation, litigation management, and SBA servicing and liquidation activities. The Asset Manager must have experience managing a broad range of distressed assets, including commercial and industrial loans, commercial real estate loans, SBA 7(a) and SBA 504, lines of credit, asset-based lending facilities, and other specialty lending products. The ideal candidate will possess expertise in both conventional loan workouts and SBA servicing and liquidation requirements, including compliance with current SBA SOPs and guaranty preservation requirements. The AM must have a strong working knowledge of workout strategies, commercial credit analysis, problem loan structuring, contracts, bankruptcy laws, OREO management and market dynamics. The position requires excellent written and verbal communication skills, as well as strong time management abilities. Some travel may be required. That seems like responsibilities and qualifications mixed. But we can separate: About the role: overview of role and mission (maybe from Lendistry: Who We Are). Responsibilities: bullet list of duties from "What You’ll Be Doing". Requirements: maybe education and experience from "Your Areas of Knowledge and Expertise". Qualifications: maybe similar? Actually "Your Areas of Knowledge and Expertise" includes education, experience, skills. Could be Qualifications. Skills: maybe list of skills like negotiation, analytical, Excel, etc. Benefits: from "Why You'll Love Working Here". Pay: from "Compensation Range". Schedule: maybe not present; there is no schedule info. So we should not include Schedule section. We must not include sections with filler like "commensurate with experience". We have actual content. We need to output only HTML fragment, no /, no markdown fences. We'll produce:

    About the role

    ...overview...

    Responsibilities

    • ... each duty ...

    Requirements

    ... education and experience ...

  • Qualifications

... maybe same as requirements? But we need distinct sections; we could put qualifications as the specific expertise list (e.g., expertise in conventional loan workouts, SBA servicing, etc.) but that may duplicate. Better: Requirements: education and years experience. Qualifications: demonstrated history, specific experiences (workouts, litigation, OREO, SBA, etc.). Skills: specific skills (negotiation, relationship management, analytical, organizational, problem-solving, advanced Excel, loan servicing systems, written/verbal communication, time management). Benefits: list. We must preserve all substantive info; do not invent or summarize away detail. So we need to include all details from the posting, but we can group them into sections. Let's extract substantive content: From "A Day in the Life": paragraphs describing role responsibilities (we can treat as About the role). Also includes some qualifications (experience managing broad range of distressed assets, ideal candidate expertise, strong working knowledge, etc.) but we can keep some there. From "Lendistry: Who We Are": description of company mission. Could be part of About the role or separate? Not required heading; we could incorporate into About the role as overview. From "What You’ll Be Doing": a long list of duties (administer portfolio, assess problem loan situations, develop and implement strategies, negotiate, prepare charge-off requests, perform daily collection calls, skip tracing, work with counsel, prepare letters, collect and analyze info, analyze collateral position, review monitor bankruptcies, work with internal/external customers, identify/report/correct discrepancies, respond to inquiries, monitor ongoing performance, monitor bankruptcy proceedings, work with legal counsel, manage foreclosure stages, manage collection of charged off loans, develop strategies to maximize recoveries, manage OREO operations, complete net value/impairment analyses, evaluate disposition plans, prepare monthly reports, arrange property management, obtain entitlements, coordinate repairs, manage liquidation of OREO, responsible for disposition of foreclosed properties, ensure ongoing review of loan portfolio, collect updated borrower financial info, follow up on annual credit reports, tax returns, etc., ensure proper title insurance, grade loans, analyze collateral value, review appraisal reports, research market data, etc., perform other duties as assigned (duplicate line). We need to include all these duties as list items. From "Your Areas of Knowledge and Expertise": bullet-ish list: Bachelor’s degree in business admin, accounting, finance or related field. Minimum 5 years experience managing troubled commercial and/or SBA loan portfolios within a bank, CDFI, non-bank lender, or similar lending environment. Demonstrated history of successful problem asset resolution and risk management, including developing and implementing strategies and action plans to resolve problem loans and reduce company risk. Experience to include workouts and restructures, litigation including collection litigation, receiverships, bankruptcy, and judicial and non-judicial real estate foreclosures. Experience in OREO management. Experience in SBA workouts including a thorough understanding of SBA Standard Operating Procedures, completion of 10-Tab packages, file wrap-ups, preparing a Litigation Budget, and submitting Offer in Compromise. Underwriting and management skills for varied loan types including commercial and industrial loans, real estate loans, lines of credit, SBA and ABL loans, secured and unsecured loans. Familiarity with the legal issues involved with distressed loans such as bankruptcy actions, foreclosures, performance claims, and collateral collection remedies. Strong negotiation, relationship management, analytical, organizational, and problem-solving skills. Advanced proficiency in Excel and loan servicing systems. Excellent written and verbal communication and time management skills. From "Why You'll Love Working Here": list of benefits: Comprehensive Medical, Dental, and Vision Insurance, Generous Paid Time Off, Birthday Day Off, 12 Paid Company Holidays, 401(k) Match, FSA and HSA, Paid Life Insurance, Paid Disability Insurance, Pet Insurance, Employee Assistance Program (EAP), Professional Development Courses, In Office Provided Snacks and Drinks, Gym Facilities (LA & Tustin/CEC Offices), In Office Engagement Activities. From "Compensation Range": The US base salary range for this full-time position is $85,000 - $115,000 annually. Our salary ranges are determined by role, level, and location. The range displayed on each job posting reflects the minimum and maximum base salary for new hires for the position across all US locations. Within the range, individual pay is determined by multiple factors like job-related skills, experience, and state of residence. Your recruiter can share more about the specific salary range during the interview process. Please note that the compensation details listed in US role postings reflect the base salary only, and do not include any variable compensation elements. From "Physical Requirements": description but not needed for any heading; we could omit because no heading matches (maybe Schedule? but schedule not present). We could ignore as not required. We must not include boilerplate: EEO statements, accommodation contact, unsolicited resumes, MSA, acknowledgement, etc. Now produce HTML. We need to ensure we don't repeat content unnecessarily but preserve all substantive info. Some info appears in multiple places (e.g., experience managing distressed assets appears in A Day in the Life and also in Your Areas of Knowledge). We should include it once? The instruction: Preserve ALL substantive information; do NOT invent or summarize away detail. If we omit duplicate, we might lose some detail but it's still present elsewhere. However duplicate lines are considered duplicated lines that we should remove? The instruction: Remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate, duplicated lines, and application instructions. So we should remove duplicated lines. So we need to deduplicate identical sentences. For example, "Perform other duties as assigned to support the efficient and effective operation of the department and that help to make Lendistry the best place to work!" appears twice; we should keep only one. Also "The Asset Manager must have experience managing a broad range of distressed assets, including commercial and industrial loans, commercial real estate loans, SBA 7(a) and SBA 504, lines of credit, asset-based lending facilities, and other specialty lending products." appears maybe only once. Good. We need to watch for duplicate sentences across sections. Let's extract unique substantive sentences. I'll go through the text and note unique content. First, "A Day in the Life" paragraph: "The Asset Manager (AM) is responsible for managing, monitoring, and resolving troubled commercial, real estate, and government-guaranteed loan assets across both the CORE and SBA portfolios. The role is responsible for developing and executing workout, restructuring, liquidation, and recovery strategies that preserve principal, maximize recoveries, ensure regulatory compliance, and mitigate loss exposure. The Asset Manager serves as the primary point of contact for internal and external communications related to distressed credits and is directly involved in borrower negotiations, credit analysis, workout structuring, collateral liquidation, litigation management, and SBA servicing and liquidation activities. The Asset Manager must have experience managing a broad range of distressed assets, including commercial and industrial loans, commercial real estate loans, SBA 7(a) and SBA 504, lines of credit, asset-based lending facilities, and other specialty lending products. The ideal candidate will possess expertise in both conventional loan workouts and SBA servicing and liquidation requirements, including compliance with current SBA SOPs and guaranty preservation requirements. The AM must have a strong working knowledge of workout strategies, commercial credit analysis, problem loan structuring, contracts, bankruptcy laws, OREO management and market dynamics. The position requires excellent written and verbal communication skills, as well as strong time management abilities. Some travel may be required." Second, "Lendistry: Who We Are": "We’re proud to be the nation’s largest minority-led, tech-savvy lender for small businesses and commercial real estate. As a certified Community Development Financial Institution (CDFI) and Community Development Entity (CDE), our mission is all about creating economic opportunities and fueling growth for small business owners and their communities. Join us as we pave the way with

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