CRE Workouts Officer

This position sits at the center of a complex commercial real estate workout environment. The ideal hire is someone who understands the nuances of distressed assets, regulatory overlays tied to NYC rent‑regulated housing, and the legal landscape surrounding foreclosures. Success in this role requires sharp analytical instincts, strong credit discipline, and comfort operating in a highly visible capacity.

Client Details

• Oversee a portfolio of challenged commercial real estate loans, particularly rent‑regulated multifamily properties in the NYC market.
• Analyze borrower strength, property stability, guarantor resources, and overall risk indicators.
• Recommend and execute strategies such as modifications, restructures, extensions, and other workout pathways.
• Track borrower compliance, property performance, and adherence to loan terms.

• Examine and negotiate a wide range of legal documents-including loan agreements, guarantees, mortgage instruments, intercreditor arrangements, and workout-related agreements.
• Work closely with internal and outside counsel to ensure documents are structurally sound and aligned with credit policy.
• Spot issues that may limit enforceability or recovery prospects.

• Conduct full financial and operational analysis of regulated multifamily assets, assessing rent rolls, regulatory compliance, operating statements, market factors, and capital needs.
• Build financial models and valuations that support resolution strategies.
• Produce clear, actionable credit materials for internal committees and senior leaders.

• Serve as the lead negotiator in discussions with institutional sponsors, borrower groups, investor representatives, and attorneys.
• Maintain steady communication to keep all parties aligned and informed.
• Navigate discussions toward fair and risk‑managed outcomes.

• Guide foreclosure processes, ensuring all steps comply with state requirements and procedural timelines.
• Manage post‑foreclosure real estate (REO), including stabilization, valuation, and disposition planning.
• Partner with asset management and real estate groups to optimize value and reduce holding costs.

• Ensure actions are consistent with credit standards, risk frameworks, and regulatory expectations.
• Maintain complete and audit‑ready documentation across all workout activities.
• Apply strong policy awareness and support all recommendations with clear analysis.

Description

• Credit Precision: Makes disciplined, well‑supported credit decisions.
• Regulatory Familiarity: Understands policy frameworks and risk expectations.
• Skilled Negotiator: Navigates complex discussions with institutional stakeholders.
• Delivery‑Focused: Moves resolutions forward efficiently and accurately.
• Collaborative Approach: Works fluidly with Legal, Credit, Compliance, and RE teams.

Profile

A successful CRE Workouts Officer should have:

• Strong analytical and problem-solving skills to manage distressed commercial real estate loans.
• In-depth understanding of the financial services industry, specifically in banking & financial services.
• Proven ability to collaborate with diverse teams and negotiate effectively with stakeholders.
• Knowledge of regulatory requirements and compliance standards in the financial sector.
• Excellent communication skills, both written and verbal, for preparing reports and presentations.
• Proficiency in relevant financial analysis tools and software.

Job Offer

$150,000 - $180,000.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.