Special Asset Workout Associate
Freddie Mac - McLean, VA

This job posting is no longer available on Freddie Mac. Find similar jobs: Special Asset Workout Associate jobs - Freddie Mac jobs

Responsibilities
Responsible for developing and implementing workout strategies for troubled and defaulted seller/ servicer and multi-family counterparties. Manage counterparty defaults and negotiate with parties as needed to implement the workout strategy. Provide advice on appropriate credit risk mitigation strategies. Coordinate with internal and external legal counsel on all aspects of the credit workout process. Proactively identify and manage customers who are at risk of default and take action to mitigate loss. Document all relevant workout terms to ensure agreements can be fulfilled and monitored. Application of professional principles, theories, and concepts. Develops resolutions to problems of limited scope following specific, detailed procedures. College Degree or equivalent experience preferred.

Job Duties
The Special Asset Workout and Mortgage Insurance Risk Associate will perform credit reviews of counterparties, assess the financial viability of proposed transactions, and proactively identify and create enhanced methods for analyzing counterparties- financial condition.

Basic Requirements
-- Undergraduate degree (preferably in Finance, Accounting, Economics, or Statistics)

-- Excellent communication skills

-- Outstanding analytical skills

-- Outstanding command of Microsoft Excel and a strong proficiency in PowerPoint and Word

Preferred Skills
-- Flexibility to adjust to workflow changes as high priority tasks arise

-- A strong work ethic and a sense of urgency

-- A strong interest in analyzing the finances and credit profile of companies

-- CFA, CPA, FRM, PRM, or a master-s degree (preferably in Finance, Accounting, Economics, or Statistics)

Closing Statement
Freddie Mac is a shareholder-owned company with an important public mission: to make home possible for more of America's families. To do this, we need smart, creative people from diverse backgrounds who want to make a difference in other people's lives as well as their own. We demonstrate our commitment to employees by providing a comprehensive Total Rewards Program. Freddie Mac is an equal opportunity employer who firmly supports and recognizes the value of diversity. EOE, M/F/D/V.

Freddie Mac - 20 months ago - save job
About this company
130 reviews