What are the responsibilities and job description for the Associate, Loan Operations 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!
The Loan Operations team is responsible for loan operations including QC of newly onboarded loans, portfolio onboarding, servicing transfers, and other loan maintenance and projects. This role will involve working closely with the Servicing team members to deliver accurate, timely and consistently high-quality services.
Essential Job Functions :
Review loan documentation and QC loan boarding in the servicing system in accordance with boarding policies and procedures with minimal management direction
Complete assignments for complex and / or priority clients
Manage communication (both oral and written) with internal departments regarding various questions (both routine and exceptions) related to the proper servicing of the client’s CRE loans
Assist with training and cross training of team members.
Regularly review and be familiar with boarding policies and procedures
Regularly review and be familiar with any client specific requirements
Ensure adherence to internal policies, quality standards, and management direction while meeting contractual deliverables
Complete and / or review various loan maintenance requests
Demonstrate teamwork by maintaining a professional attitude, proactively assisting coworkers, as well as with special projects, and working overtime, when necessary, to meet client deadlines
Assist with incoming and outgoing servicing transfers of loan portfolios or clients
Assist with various operations projects and initiatives
Board new portfolios for existing and new clients
Support Loan Operations team in their daily responsibilities
Assist in preparation of various ad-hoc reports
Recommend process rationalization and efficiency initiatives affiliated with job responsibilities
Such other activities as may be assigned by your manager
Qualifications / Requirements :
Bachelor’s degree; Preferred Field of Study : real estate, finance / accounting, business or equivalent combination of education and experience
Experienced professional with 5 years of industry and / or relevant experience, typically at a Senior Analyst or Analyst level role or external equivalent
1- 3 years of experience in commercial real estate, auditing, or data analytics preferred
Experience in Commercial Real Estate asset management a plus
Practiced in learning new tasks and achieving goals while demonstrating profession behaviors
Some leadership experience with small groups or peers is preferable
Demonstrate the ability to identify a potential problem or issue and take appropriate proactive action.
Advanced knowledge in MS office suite including outlook, excel, power point and word
Attention to detail is a must
Strong reading comprehension
Strong business writing, presentation, and interpersonal skills
Ability to work in a team environment, to think independently and generate quality work product
Ability to manage multiple priorities and meet multiple deadlines with minimum supervision
Adhere to processes and procedures but suggest and implement improvements when warranted
Responsibilities occasionally may require an adjusted work schedule, working more than a traditional 8-hour day, and working evening / weekend hours to meet deadlines
LI-MS1 #LI-Remote
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
58,000.00 - $70,000.00
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 (https : / / go.situsamc.com / rs / 962-QMP-613 / images / pay-transp_ English_formattedESQA508c.pdf?version=0)
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 (https : / / www.eeoc.gov / sites / default / files / 2023-06 / 22-088_EEOC_KnowYourRights6.12ScreenRdr.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.
Salary : $58,000 - $70,000
