ASSOCIATE ASSET MANAGER – Help work out, manage and dispose non
Position: Associate Asset Manager
Location: Horsham, Pennsylvania
Join an industry leader!
Toll Brothers, Inc., America's Luxury Home Builder, seeks an Associate Asset Manager for Gibraltar Capital and Asset Management, our wholly owned subsidiary.
Gibraltar Capital and Asset Management LLC, (www.GibraltarCapital.net) was formed to pursue and provide a broad range of real estate acquisition and investment opportunities and services. These include the acquisition and disposition of loans and property portfolios, the development of sites for sale, providing assistance to banks and developers in the workout of troubled assets, and a myriad of other potential investments where its and Toll Brothers’ capabilities and capital access can add value. Gibraltar’s senior management team combines expertise in real estate, distressed acquisitions and workouts, land development, and finance. Gibraltar has acquired and is now managing several portfolios containing non-performing acquisition, development and construction loans, and REO properties.
Don't miss this opportunity to help manage existing and future portfolios of non-performing loans and real estate!
Position Description
The Associate Asset Manager will report directly to an Asset Manager, with primary responsibility for the workout, management and disposition of small balance non-performing loans and REO assets. In addition, the Associate Asset Manager will provide assistance on components of larger, more complex collateral and properties.
Opportunity
- Gain valuable experience in real estate asset management across various asset classes by conducting loan workout activities, and managing the repositioning, maintenance, and disposition of owned real estate located in multiple markets.
- Exposure to various properties types, from raw ground to partially completed master-planned developments, as well as distressed commercial properties
- Access and exposure to senior managers and executives at Gibraltar and Toll Brothers, as well as within the real estate community
Responsibilities
- Manage the workout and disposition of small balance non-performing loans
- Create, present to senior management, and execute property level business plans that maximize the value of the real estate
- Conduct market research and perform financial underwriting to support alternative asset disposition strategies
- Manage the on-going protection and maintenance of the REO assets
- Bid out, negotiate, and oversee contractors to maintain, improve and restore properties and structures
- Prepare RFPs, negotiate agreements of sale, manage feasibility periods along with the closing process for REO assets
Qualifications:
- Bachelor's degree exhibiting academic excellence
- Three to five years experience in real estate development and/or large real estate project management
- Strong analytical mindset with the ability to identify critical drivers of value and key risks
- Negotiation experience and skills
- Advanced skills in Microsoft Excel, Word, and PowerPoint
- Excellent written and verbal communication skills
- Goal-oriented and highly motivated self-starter
- Ability to work both independently and as part of a team
- Position will require some travel to review assets
We offer an excellent benefits package, including comprehensive medical/dental, 401(k) with a company match, discounted stock purchase, discounts on mortgages, homes, appliances, and much more!
Come and see why Toll Brothers has been attracting retaining some of the best professionals in the industry!
APPLY ONLINE TODAY!
As an innovative industry leader, we can offer you top benefits including:
- 401(k) Discounted Stock Purchase Plan
- Ca$h Bonuses paid for employee referrals; opportunity to win vacation trips
- Significant discounts on Mortgages, Homes, Auto, Life insurance and appliances
- Use of Toll Brothers' luxury guesthouses located on our world-class golf courses
- Great team environment
- Plus: Med Dental Insurance, Paid Vacation, Holiday, Sick leave, Long Term Disability Short Term Disability, and Educational Assistance
Visit our award winning web site for more information on our company at:
With 3,000 employees and FY 2011 revenues of $1.5 billion dollars, Toll Brothers is the nation's leading builder of luxury homes. Currently building in 20 states and 51 markets, we are the only national builder to focus primarily on the luxury move-up and empty-nester markets. We build custom and semi-custom single and attached homes - principally on land that we develop ourselves - at an average price in backlog of approximately $566,000. Toll Brothers builds luxury single-family and attached home communities and master-planned luxury multi-product residential golf course communities principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, and house component assembly and manufacturing operations.
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