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SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.
At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!
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
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.
EEO is the Law (https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf)
SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
Remote, RE, USA
The annual full time base salary range for this role is ($46,800 - $75,000). Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
SitusAMC provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
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