Asset Manager, Special Assets – Residential Real Estate

Welcome to Northern Trust, a leading global financial institution committed to providing exceptional service to our clients. We are currently seeking a highly skilled and experienced Asset Manager to join our team in the Special Assets division, specifically focusing on residential real estate. As an Asset Manager, you will be responsible for managing a portfolio of distressed or non-performing residential real estate assets and developing strategies to optimize their value. We are looking for a driven and knowledgeable individual with a strong understanding of the real estate market and a proven track record in managing assets. If you are a self-starter with excellent analytical and communication skills, and have a passion for delivering results, we encourage you to apply for this exciting opportunity.

1. Manage a portfolio of distressed or non-performing residential real estate assets.
2. Develop strategies to optimize the value of the assets.
3. Monitor and analyze market trends and conditions to make informed decisions.
4. Conduct thorough due diligence on potential acquisitions and disposals.
5. Negotiate with borrowers, investors, and other parties involved in the assets.
6. Develop and maintain relationships with key stakeholders, such as brokers and property managers.
7. Create and present reports to senior management on the performance of the assets.
8. Ensure compliance with all legal and regulatory requirements.
9. Manage and track financial performance and budgets for the assets.
10. Identify and mitigate any potential risks associated with the assets.
11. Collaborate with internal teams, such as legal and risk management, to ensure effective asset management.
12. Stay up-to-date with industry developments and best practices.
13. Provide guidance and support to junior team members.
14. Foster a positive and productive work environment.
15. Represent the company professionally and maintain a high level of client satisfaction.

According to JobzMall, the average salary range for a Asset Manager, Special Assets – Residential Real Estate in Chicago, IL, USA is $81,000 - $120,000 per year.

However, this can vary depending on factors such as experience, education, industry, and company size. Some asset managers in this role may earn more than $120,000 per year, while others may earn less than $81,000 per year.

It is important to note that this salary range is an estimate and may not reflect the exact salary for a specific job posting in Chicago, IL. Salary ranges can also vary based on the cost of living in a particular area.

It is recommended to research the specific job posting and company to get a more accurate understanding of the salary for this role in Chicago, IL. Additionally, negotiating salary and benefits during the job offer process can also impact the final salary for this role.

Northern Trust Corporation is a financial services company that caters to corporations, institutional investors, and ultra high net worth individuals. It is one of the largest banks in the United States and one of the oldest banks in continuous operation.