H-1B Visa Senior Asset Manager Jobs
Senior Asset Manager roles qualify for H-1B visa sponsorship as specialty occupations requiring at least a bachelor's degree in finance, economics, or a related field. Large institutional investors, REITs, and private equity firms sponsor regularly. No lottery anxiety for cap-exempt employers, but most filings run on the April 1 cycle.
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Get Access To All JobsJob Description
The Commercial Special Servicing Senior Asset Manager administers the loss mitigation, remedy enforcement and liquidation tasks for an assigned portfolio of geographically diverse, non-performing, commercial/business purpose mortgage loans secured by investor owned commercial use, mixed use, SFR/multifamily rental and/or SFR/multifamily transitional properties. The role duties include direct commercial borrower contact, assessing enforcement activities permitted under the loan documents, evaluating collateral property operations and conditions, assessing market conditions, negotiating commercial borrower workouts, directing enforcement and property vendors, including legal counsel, property managers, brokers, inspectors, etc., preparing formal business plans and status reports to investors. The position may also support Primary Commercial Servicing representatives with property and/or market analysis, borrower interaction, and investor inquiries, as appropriate.
Job Functions And Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily:
- Review performing loan reports to identify commercial loans at risk of defaulting.
- Initiate contact with defaulted commercial loan borrowers to identify default reason and resolution plan.
- Assess borrower financial situation, property operations and property conditions.
- Review business and individual credit reports and asset search results.
- Review commercial loan documents for borrower requirements and lender remedies.
- Review servicing agreements for servicer responsibilities, authorities and deadlines.
- Prepare/verify calculations for legal demands.
- Negotiate workouts with borrowers within acceptable lender client parameters.
- Structure terms for loan modifications and forbearance agreements as needed.
- Review property valuation reports from appraisers, brokers, market sources, etc.
- Review/perform collateral property inspections.
- Prepare written business plans describing reasons for default, enforcement options, alternative strategies, and servicer recommendations based on a net present valuation analysis.
- Direct and monitor third-party vendors, including attorneys, inspectors, appraisers, property managers, investigators, receivers, brokers, contractors, title agents, insurance adjusters, etc., as needed.
- Prepare projections for asset dispositions, including recovery amounts, losses, and timelines.
- Provide instructions for all posting and disbursement transactions as needed.
- Maintain current and accurate status reports on all assigned assets.
- Support Commercial Primary Servicing representatives in borrower outreach efforts, market analysis and investor inquiries, as needed.
- Comply with all Company requirements for training, compliance, audits and reporting.
- Anticipate/identify issues that could impact Company/client operations and suggest solutions.
- Administer defaulted loan sales as appropriate.
- Administer complex REO activities, including, but not limited to, directing property managers and brokers, assessing property condition, preparing/reviewing budgets, etc.
- Monitor performance of subservicers/asset management contractors.
- Serve as a subject matter expert (SME) and mentor for junior staff.
- Complete other activities and duties as may be assigned.
Key Result Areas
- Establish contact with defaulted commercial loan borrowers within 5 business days of transfer to special servicing.
- Complete formal business plan within 45 days of transfer to special servicing.
- Provide written qualitative status comments on all assets no less than monthly.
- Update formal business plans as appropriate, but not less than every 180 days.
- Set and manage appropriate expectations for third party vendors.
- Provide appropriate instructions to other departments within agreed upon servicing level standards.
- Maximize recovery for lender clients.
- Successfully complete Company annual training requirements of not less than 40 hours.
- Provide SME input to training initiatives and/or conduct training in accordance with training initiatives.
Qualifications
- Minimum 7 years’ experience managing defaulted commercial business purpose loans secured by commercial use, mixed use, SFR/multifamily rental and/or SFR/multifamily transitional properties.
- Strong understanding of lender default remedies and enforcement strategies, including foreclosure, trustee sales, receivership, UCC sales, bankruptcy strategies, etc.
- Strong understanding of loan covenants and covenant compliance.
- Strong understanding of CRE income property type fundamentals, including income property operations analysis, and borrower financial analysis.
- Strong understanding of commercial real estate loan documentation.
- Superior communication skills, both verbal and written.
- Superior negotiation skills.
- Demonstrated ability to work independently with minimal supervision.
- Superior problem solving and decision making skills.
- Demonstrated ability to comply with detailed reporting requirements.
- Demonstrated ability to work under pressure, meet deadlines and adjust to changing priorities.
- Demonstrated skills with Microsoft 365 Suite, Adobe applications, commercial loan servicing applications (such as REALSynergy, Strategy, Enterprise, etc.).
- Strong teamwork skills to collaborate with associates in multiple departments.
- Prior underwriting experience for commercial business purpose loans secured by multifamily, mixed use, commercial use, SFR investor rental, and/or SFR/MFR construction/residential transition properties.
- Prior experience with rental property management for multifamily apartment or SFR portfolios.
- Understanding of commercial loan servicing agreements and principles.
- Be available to occasional travel 5%-25%.
Training / Licensing Requirements
- Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.
The salary range for this position is expected to be $90,000 to $120,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for bonus based on performance and subject to the terms of the Company’s applicable plans.
About us
Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors. At Onity, we strive to earn our customers’ loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards. Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.
Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more.
Job Description
The Commercial Special Servicing Senior Asset Manager administers the loss mitigation, remedy enforcement and liquidation tasks for an assigned portfolio of geographically diverse, non-performing, commercial/business purpose mortgage loans secured by investor owned commercial use, mixed use, SFR/multifamily rental and/or SFR/multifamily transitional properties. The role duties include direct commercial borrower contact, assessing enforcement activities permitted under the loan documents, evaluating collateral property operations and conditions, assessing market conditions, negotiating commercial borrower workouts, directing enforcement and property vendors, including legal counsel, property managers, brokers, inspectors, etc., preparing formal business plans and status reports to investors. The position may also support Primary Commercial Servicing representatives with property and/or market analysis, borrower interaction, and investor inquiries, as appropriate.
Job Functions And Responsibilities
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily:
- Review performing loan reports to identify commercial loans at risk of defaulting.
- Initiate contact with defaulted commercial loan borrowers to identify default reason and resolution plan.
- Assess borrower financial situation, property operations and property conditions.
- Review business and individual credit reports and asset search results.
- Review commercial loan documents for borrower requirements and lender remedies.
- Review servicing agreements for servicer responsibilities, authorities and deadlines.
- Prepare/verify calculations for legal demands.
- Negotiate workouts with borrowers within acceptable lender client parameters.
- Structure terms for loan modifications and forbearance agreements as needed.
- Review property valuation reports from appraisers, brokers, market sources, etc.
- Review/perform collateral property inspections.
- Prepare written business plans describing reasons for default, enforcement options, alternative strategies, and servicer recommendations based on a net present valuation analysis.
- Direct and monitor third-party vendors, including attorneys, inspectors, appraisers, property managers, investigators, receivers, brokers, contractors, title agents, insurance adjusters, etc., as needed.
- Prepare projections for asset dispositions, including recovery amounts, losses, and timelines.
- Provide instructions for all posting and disbursement transactions as needed.
- Maintain current and accurate status reports on all assigned assets.
- Support Commercial Primary Servicing representatives in borrower outreach efforts, market analysis and investor inquiries, as needed.
- Comply with all Company requirements for training, compliance, audits and reporting.
- Anticipate/identify issues that could impact Company/client operations and suggest solutions.
- Administer defaulted loan sales as appropriate.
- Administer complex REO activities, including, but not limited to, directing property managers and brokers, assessing property condition, preparing/reviewing budgets, etc.
- Monitor performance of subservicers/asset management contractors.
- Serve as a subject matter expert (SME) and mentor for junior staff.
- Complete other activities and duties as may be assigned.
Key Result Areas
- Establish contact with defaulted commercial loan borrowers within 5 business days of transfer to special servicing.
- Complete formal business plan within 45 days of transfer to special servicing.
- Provide written qualitative status comments on all assets no less than monthly.
- Update formal business plans as appropriate, but not less than every 180 days.
- Set and manage appropriate expectations for third party vendors.
- Provide appropriate instructions to other departments within agreed upon servicing level standards.
- Maximize recovery for lender clients.
- Successfully complete Company annual training requirements of not less than 40 hours.
- Provide SME input to training initiatives and/or conduct training in accordance with training initiatives.
Qualifications
- Minimum 7 years’ experience managing defaulted commercial business purpose loans secured by commercial use, mixed use, SFR/multifamily rental and/or SFR/multifamily transitional properties.
- Strong understanding of lender default remedies and enforcement strategies, including foreclosure, trustee sales, receivership, UCC sales, bankruptcy strategies, etc.
- Strong understanding of loan covenants and covenant compliance.
- Strong understanding of CRE income property type fundamentals, including income property operations analysis, and borrower financial analysis.
- Strong understanding of commercial real estate loan documentation.
- Superior communication skills, both verbal and written.
- Superior negotiation skills.
- Demonstrated ability to work independently with minimal supervision.
- Superior problem solving and decision making skills.
- Demonstrated ability to comply with detailed reporting requirements.
- Demonstrated ability to work under pressure, meet deadlines and adjust to changing priorities.
- Demonstrated skills with Microsoft 365 Suite, Adobe applications, commercial loan servicing applications (such as REALSynergy, Strategy, Enterprise, etc.).
- Strong teamwork skills to collaborate with associates in multiple departments.
- Prior underwriting experience for commercial business purpose loans secured by multifamily, mixed use, commercial use, SFR investor rental, and/or SFR/MFR construction/residential transition properties.
- Prior experience with rental property management for multifamily apartment or SFR portfolios.
- Understanding of commercial loan servicing agreements and principles.
- Be available to occasional travel 5%-25%.
Training / Licensing Requirements
- Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.
The salary range for this position is expected to be $90,000 to $120,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for bonus based on performance and subject to the terms of the Company’s applicable plans.
About us
Onity Group Inc. is a leading non-bank financial services company providing mortgage servicing and originations solutions through its subsidiary, Onity Mortgage, formerly known as PHH Mortgage. Onity Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs to customers, clients and investors. At Onity, we strive to earn our customers’ loyalty every day. We do this by consistently delivering exceptional service and building trust through reliability, integrity, and following through on our commitments. We operate through the lens of the customer, understand the importance of homeownership, and take pride in helping homeowners. Collectively this fosters long-term relationships, ensuring our customers feel valued and supported. We expect all employees to interact with and engage our colleagues and our customers with respect, courtesy and professionalism, and to achieve results consistent with our service delivery standards. Onity is intensely focused on hiring, developing and retaining the best talent in the industry! Our commitment to inclusion and equal opportunity ensures that we sustain our reputation as an outstanding place to work, a great business partner and a valued community member. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. If you have a disability or special need that requires accommodation, please let us know.
Onity Group Inc. offers a comprehensive benefits package including medical, dental and vision; up to 3% match on 401(k) contributions; generous paid time off; company-paid life, accident and disability coverage; programs for mental, physical and financial wellness; and more.
See all 51+ H-1B Visa Senior Asset Manager Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new H-1B Visa Senior Asset Manager Jobs.
Get Access To All JobsTips for Finding H-1B Visa Sponsorship as a Senior Asset Manager
Verify your degree field matches the role
USCIS scrutinizes specialty occupation petitions when the degree is in a loosely related field. A finance, economics, or real estate degree maps cleanly. An unrelated degree may require additional documentation showing field-specific coursework or progressive experience.
Target employers with cap-exempt filing history
Nonprofits, university endowments, and government-affiliated investment managers file H-1B petitions outside the annual lottery. A Senior Asset Manager role at these institutions gives you a year-round start date instead of an October 1 wait.
Search LCA filings through Migrate Mate
Filter DOL Labor Condition Application data by occupation code to see which asset management firms have certified H-1B positions in your target market. Migrate Mate surfaces this employer-level history so you apply where sponsorship is already established.
Request the prevailing wage tier early
Use the OFLC Wage Search to look up the prevailing wage for your SOC code and metro area before negotiations. Employers must certify the offered salary meets at least the Level I wage, and many asset management firms peg offers to Level II or III.
Prepare your professional licensing documentation upfront
Series 7, Series 65, CFA, and CAIA credentials strengthen a specialty occupation argument. Compile license certificates and exam transcripts before offer discussions so your employer's attorney can reference them when preparing the I-129 petition.
Clarify performance bonus treatment with HR before signing
H-1B prevailing wage compliance is calculated on base salary, but USCIS may scrutinize total compensation structures at audit. Confirm with the employer whether bonus components affect the LCA wage attestation before your petition is filed.
H-1B Visa Senior Asset Manager: Frequently Asked Questions
Does a Senior Asset Manager role qualify as a specialty occupation for H-1B purposes?
Yes. USCIS treats asset management as a specialty occupation because the role requires theoretical and practical application of finance, economics, or a closely related discipline at the bachelor's degree level or higher. Job duties involving portfolio construction, risk analysis, client reporting, and investment strategy analysis consistently support the specialty occupation standard. The O*NET profile for this occupation also confirms the degree requirement.
Which types of employers commonly sponsor H-1B visas for Senior Asset Managers?
Institutional asset managers, private equity and real estate investment firms, insurance company investment divisions, and bank trust departments sponsor H-1B visas for this role with regularity. University endowments and foundations are worth targeting specifically because many qualify as cap-exempt H-1B employers, which means they can file year-round without subjecting you to the annual lottery. Use Migrate Mate to filter employers by LCA filing history for this occupation.
How does the H-1B prevailing wage requirement apply to Senior Asset Manager positions?
Your employer must certify through a Labor Condition Application that your offered salary meets or exceeds the DOL prevailing wage for your job title, SOC code, and work location. Senior-level asset management roles often fall into wage Level II or III under the OFLC Wage Search tool, which sets the minimum the employer must attest to. The LCA is filed with DOL before USCIS ever sees your I-129 petition.
Can I transfer my H-1B to a new asset management employer mid-visa?
Yes, through H-1B portability under AC21. Once your current petition has been approved and you've been in valid H-1B status, a new employer can file an H-1B transfer petition and you can start working as soon as USCIS receives it, without waiting for approval. The new employer still files a fresh LCA and I-129, and the prevailing wage requirement applies to the new role and location independently.
Do performance bonuses or carried interest count toward H-1B prevailing wage compliance?
USCIS and DOL focus on the guaranteed, non-contingent base salary when evaluating whether prevailing wage requirements are met on the LCA. Discretionary bonuses and carried interest distributions are generally excluded from the wage calculation. If a significant portion of your compensation is variable, confirm with your employer's immigration counsel that the base salary alone meets the certified LCA wage level before your petition is submitted.