What are the responsibilities and job description for the Associate, CRE Loan Closer position at SitusAMC?
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!
Pelium Real Estate Asset Management, LLC ("Pelium") is a leading asset management platform fully dedicated to supporting Apollo's commercial real estate financing business in the United States. This role provides an exceptional opportunity to work with the transaction management and legal team in closing commercial real estate loans. The ideal candidate will have a minimum of three years of commercial loan closing experience and will be based in New York City.
Overall purpose of role
This role will be working on the servicing team focusing on CML closing and funding. Reviewing any inconsistencies and monitoring the funding process.
- Act as liaison between Borrowers, APO Investors / Capital Sleeves, and Internal Business Stakeholders such as CRE Credit Originators, Legal Counsel, Apollo Finance and Servicing Departments to facilitate the closing of commercial real estate and construction loans
- Coordinate w / Apollo Middle office & Origination team to help ensure timely funding on new originations
- Work with Appropriate Servicing and Operations teams across Apollo Capital Sleeves to submit trade allocation requests
- Coordinate w / Origination team and external counsel to complete funding, servicing and operational provisions of commercial mortgage loan documents and supporting schedules including reconciliation w / approved investment memos
- Coordinate with External Counsel after loan closing to ensure fully executed loan documents are received by APO Investors and ensure final recorded documents are received
- Ensure all compliance requirements are met for all Apollo capital sleeves at closing
Qualifications / Requirements
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 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.
The annual full time base salary range for this role is
115,000.00 - $140,000.00
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.
Pay Transparency Nondiscrimination Provision
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.
Know Your Rights, Workplace Discrimination is Illegal
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.
Salary : $115,000 - $140,000
