What are the responsibilities and job description for the Loan Coordinator (Asset Management) position at Trez Capital?
Why Join Trez Capital?
Founded in 1997, Trez Capital is a non-bank leading provider of private commercial real estate debt and equity financing solutions in Canada and the United States. For over 25 years, we have consistently provided developers and owners with flexible short-to-mid-term financing. Trez Capital also offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds and investment assets. We have built our reputation on doing what we say, with a results-oriented approach to everything we do. We are building a better future as we proudly build better places for people to live, work and play. We are committed to our values – Trust, Respect, Excellence, and Zest - in all that we do. Trez offers a dynamic work environment with opportunities for growth and a competitive compensation package.
We pride ourselves on our relationships and are passionate about providing exemplary client service, creating loyal and satisfied investors and borrowers and fostering a collaborative environment in which our employees can excel. We believe in hiring the best people who are as committed to creating incredible experiences for our clients and our team members. We set bold goals and deliver results.
Primary Accountabilities:
- Reviews and interprets loan documentation to ensure accuracy of reporting, collections and representations made by borrowers.
- Provides proactive loan monitoring, ensuring that borrowers remain compliant with the terms, conditions, covenants, milestones, payments, and reporting requirements contained in the executed loan documents.
- Reviews draw requests made by borrowers, together with reports from the retained project monitor, and makes recommendations for construction/development loan advances, in accordance with the loan agreement and approved policies and procedures.
- Reporting the performance and activity of the underlying asset in relation to the loan documents and existing collateral against the business plan and requirements in the loan documents. Ensure that all updates are uploaded into the Asset Management database in a timely fashion.
- Escalate any deviations from the business plan and or divergences from the loan documents to the AVP, Asset Management.
- Assist with preparing update memos, presentations, data sets or similar reporting for investors as requested.
- Perform analysis, integrity reports and stress testing of the overall Asset Management database.
- Build relationships with both internal and external stakeholders to establish clear lines of honest and open communication relating to asset level performance and reporting.
- Assist the AVP, Asset Management with ad hoc projects
Qualifications and Experience:
- Bachelor’s Degree, with a specialization in Real Estate, Construction, Engineering and/or Finance or equivalent qualifications.
Core Competencies (Knowledge, Skills & Abilities):
- Excellent written and verbal communication skills.
- Superior interpersonal and relationship building skills.
- Ability to work both quickly and accurately and with attention to detail.
- Strong critical thinking skills to identify and solve complex challenges.
- Ability to work alone and in a team environment.
- Desire to learn and expand knowledge of Real Estate, Construction Financing and Lending.
- Excellent organizational skills, with an ability to balance multiple projects and a high-volume workload, in a fast-paced, entrepreneurial environment.
- Computer skills; proficiency in Microsoft Office. Advanced Excel skills (macros, VBA etc.) is considered an asset.
A competitive total rewards package is on offer, including base compensation, 401k matching program and Health Benefits.
