Manager - Asset Management - Portfolio Oversight Team - US Mortgage Industry

ALTISOURCE ASSET MANAGEMENT CORPORATION

AAMC is an alternative lending company that provides liquidity and capital to under-served markets. AAMC also continues to assess opportunities that could potentially be of long-term benefit to shareholders such as our Crypto-Payment Processing and ATM business. AAMC is publicly traded on the NYSE American Exchange under the ticker AAMC. AAMC's principal offices are located in the United States Virgin Islands, and also has operations in the United States and India, through its subsidiaries,

AAMC US, Inc., and Finsight Business Solutions Private Limited, respectively

JOB PROFILE:

The Portfolio Oversight team is responsible for monitoring company's portfolio performance and working with third party vendors to ensure portfolio is being managed as per company's investment strategy. The position reports functionally to the VP.

ROLE AND RESPONSIBILITIES

- Implement processes and procedures to monitor the portfolio performance

- Monitor investments on a daily basis to ensure that approved strategies are being applied as planned

- Identify performance metrics, prepare monthly and ad-hoc reports to effectively communicate the portfolio performance to senior management

- Benchmarking portfolio performance against industry as well as expected performance at acquisition

- Accountable for generating revenue for the company by effective resolution of the defaulted assets

- Identify bottlenecks in operations and liaison with internal team and external vendors to resolve issues in a quick and effective manner

- Tracking any defaulted loan through foreclosure process and making sure there are no unnecessary delays

- Take decisions whether to renovate or sell the distressed residential assets as is based on expected return on additional capital investment

- Negotiate with property management vendor to reduce expense done on renovation and maintenance of the residential assets

KEY RESULT AREAS:

- Actively manage company's asset portfolio

- Ability to work in a dynamic environment and set-up process of new businesses undertaken by the Company

- Effective communication

QUALIFICATION AND EXPERIENCE REQUIREMENTS

- MBA from a premier management institute, ideally 1 to 4years experience in a similar role.

- Understanding of US Mortgage Industry

- Prior experience of working with loan servicer an advantage

- Strong attention to detail and work ethic. A self-starter who is comfortable being a doer as well as a leader.

- Team player and strong leader with excellent interpersonal and communication skills who wants to make a difference in a high-growth environment.

- Solid conceptual, problem solving and analytical skills; readily willing to perform detailed analysis as needed

ADDITIONAL NOTES

JOB PROFILE: Candidates from Bangalore preferred, but not a pre-requisite and Office timings are 12:00 Noon - 9:00 PM