Special Servicing Analyst - Exit Ops
I am currently employed as an analyst at a large Special Servicer. I completed an internship with my current employer in the Portfolio Oversight division of the company during my last semester of undergrad. Upon completion, I was offered a spot as an analyst in the Special Servicing department. I feel I was under qualified at the time but my MD must have wanted to extand me the opportunity due to my familiarity with the company's processes. After a few interviews I was offered the position. The analyst whose position I took was 7 years older than me and had already achieved his MBA.Many of the people who work around me have come from PE or hedge funds which is what I have been striving to work in. I feel extremely fortunate to have my position but I am getting curious as to whether this experience will lead to other opportunities on the buy side. I frequently interact and coordinate with our parent company who often purchases the notes of some of our higher rated properties. I feel even more fortunate that my MD is usually given the deals that will later be sold to our parent company. With that said, I get the chance to learn more than some of the other analysts not participating in the note sales.Can anyone tell me how my exit ops may look with a couple years of SS experience?
I can provide more color later. Thanks.





Distressed debt or distressed
Distressed debt or distressed real estate asset mgt. I would not expect exits to LBO PE or equities HF, but any special situations group is on the table.
I would also shoot for an exit to an advisor i.e. Mission Capital.
Like everyone else you would need to network, etc. but that is my two cents.
I can't say I know
I can't say I know specifically what their exit opps would be, but I have spoken with special servicers, dealt with them, etc. I would agree with sk824. They work on some large, interesting capital structures and tend to do a pretty rigorous analysis of each decision. They hire smart people. They are all well-known (if you tell someone, "I worked at Berkadia," they will definitely know who that is). You should be able to move somewhere good.
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Thanks for the input guys. I
Thanks for the input guys. I have only been in my spot for approx. 6 months but am really starting to enjoy it. I am really learning a lot and have the opportunity to work with some truly smart people. Glad to know I ended up in a decent spot and have some good mentors teaching me. Please feel free to make any suggestions or ask questions about the position if this interests anyone.