Analyst, Loan Administration

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! Hanover is looking for an Analyst level candidate to support the Senior Loan Administrators in the day-to-day administration of a diverse portfolio of CRE loan and debt financings including construction/renovation loans, syndications, CMBS, secured and unsecured debt transactions, multi-currency and project financings. As a member of Loan Administration, you will work alongside colleagues in Asset Management, Portfolio Management and Servicing, and see the full breadth of activities required to manage a diverse, complex commercial real estate loan portfolio. Job Description Specific responsibilities include: Support Senior Loan Administrators in the day-to-day administration of assigned loans, including communication with Borrowers and Lenders/Investors and Client Analyzing and interpreting loan documents and providing advice and direction to the Asset Management Team and Loan Operations teams Monitoring reserve and escrow accounts to ensure borrower compliance with governing documents including provisions related to budget, taxes, insurance, collateral and future funding Reviewing disbursement requests, monitoring draw procedures, managing flow of funds mechanics and internal loanadministration Monitoring of construction loans including review of budgets, back-up documentation, title updates, and inspection reports. Periodic travel to inspect construction projects. Performing monthly waterfall calculations including the monitoring of income, operating budgets and leasingstatus Coordinate new portfolio and new loan servicing including collection of all necessary loan documents, obtaining contact information for all relevant parties and ensuring accurate boarding in the loan servicing system. Reconcile and review various reports including billing statements, release statements, payoff statements and remittance reports as required to ensure Hanover’s high standards are achieved in terms of quality, accuracy and completeness. Update and monitor loan specific information in the loan servicingsystem Flexibility in schedule with respect to meeting time sensitive clientneeds Ability to work independently on projects and collaborate ‘face to face’ as a teamplayer. Handle the collection and remittance ofpayments Verification and payment of taxes andinsurance Calculating property/unit release prices and monitoringreleases Qualifications sought: Bachelor’s degree in related field or equivalent combination of education and experience Minimum of 1+ years of industry and/or relevant experience Knowledge of cash management and waterfalls preferred Excellent reading and comprehension skills Ability to communicate effectively both written and verbal Strong organizational and time management skills Ability to work independently on projects and also collaborate ‘face to face’ as a team player Ability to work in fast-paced environment running multiple tasks under tight deadlines Strong analytical, problem solving and computer skills with a thorough knowledge of Excel Excellent written, verbal and electronic communication skills with attention to detail Work in a team environment yet think independently and generate quality work product with little supervision Manage multiple priorities and meet multiple deadlines Ability to approach work from more of a “transaction” basis versus “task” basis The annual full time base salary range for this role is $90,000.00 - $100,000.00. 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 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. #J-18808-Ljbffr Dormont Manufacturing Co