Asset Recovery Manager

Asset Recovery Manager

The New Mexico Finance Authority (NMFA) in Santa Fe is seeking a qualified individual for an Asset Recovery Manager position that will report to the Managing Director, Credit. This role requires a highly organized self-starter who possesses leadership abilities and comfort with public speaking. The position will analyze and update risk-rating assessments of a wide range of NMFA loans, including underperforming assets, and prepare written summaries of the findings. Requires collaboration with NMFA Legal and Finance Departments, among others.

Using loan agreements and program rules and policies, the Asset Recovery Manager will analyze and document underperforming loans, loan history, and current status; identify borrower defaults and other compliance issues; project future performance; and assist with curing defaults. Must be able to identify root causes of non-performing assets, recommend remedies, and present findings and proposals to NMFA leadership. The position will also participate in the creation of credit policies and SOPs for continuous improvement of NMFA’s asset recovery process. This position may serve as a credit analyst and underwrite public and private credits, as needed.

Previous experience with non-performing loans and assets, including loan and credit agreements and business restructuring, is required. Ability to use Excel, Salesforce, Outlook, Teams, and credit-evaluation software is critical. Proven written and verbal negotiating skills are essential for success. Experience in leading or consulting on troubled credit restructuring and workouts, including loan foreclosure and collections, is required.

NMFA is a government instrumentality whose mission is to be New Mexico’s partner in building economic prosperity and stronger communities. The ideal candidate will be comfortable with occasional confrontational interactions and possess the skills to de-escalate conversations and situations. A bachelor’s degree in business, accounting, finance, or economics is required and an advanced degree in business, law, or economics is highly desired. A minimum of five years of commercial lending or credit experience is needed. This position requires strong presentation skills as recommendations are regularly presented to NMFA leadership. A wide array of financial experience with government agencies, public and private lending and credit, and loan agreement compliance, including remediating defaults, is necessary.

Interested candidates may submit a cover letter and resume to the attention of the HR Director, New Mexico Finance Authority, 810 W. San Mateo Rd., Santa Fe, NM 87505 or via email at nmccollum@nmfa.net.

Job Type: Full-time

Pay: $90,000.00 - $100,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Professional development assistance
• Tuition reimbursement
• Vision insurance

Application Question(s):

• Do you now, or will you in the future require visa sponsorship?

Education:

• Bachelor's (Preferred)

Experience:

• Troubled credit restructuring: 3 years (Preferred)
• Underperforming Asset Analysis: 5 years (Preferred)
• Default curing: 5 years (Preferred)
• Loan analysis: 5 years (Preferred)
• Presentation skills: 5 years (Preferred)
• Credit analysis: 3 years (Preferred)
• Underwriting: 3 years (Preferred)

Work Location: Hybrid remote in Santa Fe, NM 87505