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SitusAMC Associate, Special Servicing in Leawood, Kansas

Associate, Special Servicing

Apply now (https://situsamc.avature.net/careers/ApplicationMethods?jobId=13127&eeo=6)

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This role provides a wide range of support services to the Special Servicing team to facilitate client satisfaction and the achievement of department goals and objectives. This position will assist in the management of a portfolio of highly structured sub and non-performing commercial real estate loans pursuant to third party loan servicing agreements and company policies &procedures. Additionally, assist in the preparation of asset status reports and the implementation of business plans including the pursuit of legal remedies and the closing of complex loan restructures. Provide a high level of loan surveillance support to the Special Servicing team by reporting on property level cash flows, rent rolls, market conditions for a nationwide portfolio of CRE loans.

Essential Job Functions:

  • Collect, review, and analyze property, borrower, and guarantor financials

  • Update and monitor loan specific information in the loan servicing system

  • Assist Asset Managers with collection of loan documents, reviewing monthly waterfalls and producing monthly and quarterly reports

  • Communicate with Borrowers, Master/Primary Servicers and Legal Counsel as directed by Asset Managers to provide or obtain loan balances and supporting documentation.

  • Prepare and submit correspondence letters to Asset Managers for review including general correspondence, delinquency letters, and non-compliant letters

  • Assist Asset Managers with borrower and draw requests.

  • Reconcile and review various reports including billing statements, release statements, payoff statements, remittance reports, quarterly asset reports as required to ensure Situs high standards are achieved in terms of quality, accuracy, and completeness

  • Other activities as may be assigned by your manager

  • Bachelor’s degree in Real Estate, Finance/Accounting, Business or equivalent level of education or experience

  • Minimum 1 years of experience in financial services, banking, or commercial real estate preferred

  • Experience in Commercial Real Estate Asset Management preferred

  • Understanding of 3rd party reports including appraisals, property condition reports and environmental reports

  • Understanding of property operating statements for all commercial property types (e.g., hotel, office, multifamily, and self-storage)

  • Analytical skills to understand complex commercial loan documents and borrower financial statements

  • Strong organizational and time management skills

  • Excellent reading, writing and comprehension skills

  • Ability to manage multiple priorities and meet multiple deadlines

  • Advanced knowledge in MS Office Suite including Outlook, Excel, Power Point and Word

Qualifications/ Requirements:

Special Requirements:

· The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment

Working Conditions:

· Office environment with frequent computer, mouse, keyboard use

· Alternating between sitting or standing as needed

· Hearing, talking, reaching, grasping

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings.

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Job Location:

Atlanta, GA, USA; Houston, TX, USA; Leawood, KS, USA; Robbins, NC, USA; San Francisco, CA, USA



Date published: