Asset Manager I

CIVIC Redondo Beach, California Los Angeles, California


CIVIC Financial Services is an industry leading private money lender focused on providing short and long term debt for Residential and Commercial real estate investors. Civic was founded in 2014 by its parent companies Wedgewood Inc. and HMC Assets LLC, and is a well-capitalized lending-arm of the Wedgewood Companies. CIVIC was started to provide common sense financing for real estate entrepreneurs and has funded over $2.5 Billion in loans since its inception. CIVIC was recognized as a “Great Place to Work” for 2019, as published by Fortune. Also, Bill Tessar, (CIVIC’s CEO) was identified as an Executive leading the housing industry by HousingWire’s Vanguard Awards in 2018

What you'll do:

  • Work closely with Boarding, Default and Maturity teams to ensure policies and procedures are updated in accordance with SOP.
  • Assist Asset Management Group with data entry, BPO orders, occupancy checks, and door knocks, etc.
  • Gain knowledge of systems used to board new loans, run data validations and export exception reports.
  • Review hardship applications for completeness and document any deficiencies.
  • Monitor loan performance and assist Asset Manager II and Senior Asset Manager in completing task driven processes that drive operations and financial performance of the loan.
  • Gain understanding of various factors that impact portfolio performance, such as foreclosure costs, new Legislature impacting timelines and litigation trends.
  • General market understanding for assigned assets – collects market information.
  • Assist with managing the capital improvement processes by following up on overdue vendor tasks and deliverables.
  • Prepare and distribute investor reports; identify opportunities to improve quality and content of such reports.
  • Handle all administrative functions of forbearance and foreclosure proceedings and communicate with various parties.

What you'll need:
  • Bachelor’s degree in business or a related field.
  • Minimum 3 years of experience in real estate default management.
  • Strong background and comprehension of the servicing industry and in particular, default management, with a solid understanding of loss mitigation, foreclosure and key milestones.
  • Advanced knowledge of Excel
  • Technical proficiency
  • Superior organization and time management skills; ability to handle multiple high priority tasks simultaneously, under strict deadlines, with minimal supervision.
  • Highly analytical and creative.
  • Outstanding written communication and interpersonal skills

What’s in it for you?

We have a strong focus on going above and beyond when it comes to caring for our team members and our communities. In addition to traditional benefits like health insurance, 401K matching, casual Fridays, paid vacation, holidays and sick leave, we’re proud to offer these unique and enriching work perks:

  • Celebrations: When we say we “work hard and play hard,” we mean it! We like to celebrate often via onsite and offsite happy hours, themed parties, parking lot BBQ's, milestone ceremonies, pot lucks, and Workout Tuesdays (to name a few).
  • Investments: As we're in the lending space, we believe we should consistently and frequently invest in our CIVIC team. We give away money every month to help our teammates pay off student debts, participate in our loan and lending accounts, and reward them for their “grand ideas” that make CIVIC better.
  • Comfortable Spaces: We like to make sure our teammates are well fed and can “find their zen” while at the office. Our kitchens are stocked with free snacks and beverages, in addition to catered breakfasts on Fridays and catered lunches multiple days per month. Many of our branches also have dedicated break spaces that are quite, serene and perfect for relaxing.
  • Education: Every other Tuesday, we encourage our team to take “900 Seconds of Genius" (15 minutes) to focus on a passion project or topic that helps them grow. We also offer an online curriculum of courses through our own CIVIC University.
  • #CIVICCares Initiative: From beach cleanups, to food and clothing drives, to building homes for Habitat for Humanity, CIVIC provides several opportunities throughout the year for our team to step outside the office, bond, and come together to give back to our local communities.
Company: Civic Financial Services