Senior Asset Manager, Special Assets – Distressed Multifamily Loans

The Community Preservation Corporation

Senior Asset Manager overseeing portfolio of distressed multifamily loans at Community Preservation Corporation. Responsible for loan resolutions and asset management to support affordable housing initiatives.

Posted 6/16/2026full-timeChappaqua • New York • 🇺🇸 United StatesSenior💰 $95,000 - $110,000 per yearWebsite

About the role

Key responsibilities & impact

Manage a portfolio of high-risk, delinquent, watchlist, and non-performing multifamily assets, ensuring proactive monitoring of performance, covenant compliance, and collateral condition.
Evaluate borrower financial strength, property performance, and business plans to assess credit risk, identify potential issues, and determine appropriate risk mitigation strategies.
Develop and execute asset-level workout strategies, including forbearance agreements, loan restructurings, repayment plans, and, where necessary, enforcement actions.
Partner with Legal and external counsel to manage enforcement processes such as receiverships, foreclosure, litigation, and negotiation of workout and restructuring documentation.
Prepare clear and concise credit memos, risk assessments, and recommendations to support decision-making by senior leadership and credit committees.
Monitor portfolio performance to identify early warning indicators and escalate emerging risks with recommended actions.
Provide guidance and support to junior team members, promoting consistency in analysis, documentation, and overall asset management practices.

Requirements

What you’ll need

Bachelor’s degree required (Finance, Real Estate, or related field preferred).
5–7+ years of experience with strong knowledge of multifamily asset management and non-performing loans, including Agency and Non-Agency products (experience with LIHTC preferred).
Proven ability to manage complex assets and deliver clear, well-supported credit recommendations in a dynamic environment.
Proficiency in financial analysis, valuation concepts, and risk assessment, including experience evaluating cash flow, collateral performance, and business plans.
Ability to manage multiple priorities and drive outcomes in a fast-paced, high-accountability environment.
Travel required as needed.

Benefits

Comp & perks

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Hard Skills & Tools

financial analysisvaluation conceptsrisk assessmentcredit risk evaluationasset-level workout strategiesforbearance agreementsloan restructuringsrepayment planscollateral performance evaluationmultifamily asset management

Soft Skills

guidance and supportclear communicationdecision-making supportability to manage multiple prioritiesdriving outcomespromoting consistencydynamic environment adaptabilityproblem-solvingteam collaborationanalytical thinking