What are the responsibilities and job description for the Associate, Remittance position at Trimont?
Overview:
Founded in 1988 and headquartered in Atlanta, Trimont (www.trimont.com) is a specialized global commercial real estate loan services provider and partner for lenders seeking the infrastructure and capabilities needed to make informed, effective decisions related to the deployment, management and administration of commercial real estate secured credit.
We do this with a team of 400 extraordinary Team Members who serve a global client base from offices in Atlanta, Dallas, Kansas City, London, New York and Sydney. We empower our skilled global teams by equipping them with the necessary knowledge and advanced technology, as well as fostering a culture driven by values. This approach helps our teams excel and build meaningful client relationships, while providing the highest quality service and feeling proud of the work they do.
Trimont is an innovative firm where visionary professionals come to learn, grow, and thrive with colleagues driven by curiosity and collaboration.
Learn: We believe ongoing learning is critical and are focused on providing a work environment where all team members can take ownership of their careers.
Grow: We work alongside the largest institutional lenders in the world, overseeing the most significant projects in the industry. This unique opportunity allows us to broaden our skillset and develop our abilities by tackling some of the industry's most challenging and exciting endeavors.
Thrive: Our firm is a place where ethics and excellence meet to create an experience that matches our capabilities. There are no limits to what we as team members as an organization, can achieve together.
Job Summary:
The Credit Administration is seeking a Remittance Associate to join the Remittance Team. In this role, the Remittance Associate will help prepare reports for investors detailing the asset level activity on their investments. An individual in this position will work closely with the Treasury Reconciliation department and will utilize company systems to complete and finalize reporting. The Remittance Associate will serve as a client point of contact and will be required to provide excellence service both internally and externally.
Responsibilities:
- Review and reconcile transactions in Client Reconciliation System database
- Request/obtain/review supporting documentation for preparation of remittance reports
- Review and reconcile with Treasury any variances between transactional data and actual bank cash in P&I application
- Confirm cash remittance to the Client, Servicing Fees to Corporate Accounting, and line items in Treasury Reconciliation System
- Compile monthly documentation packages and prepare daily and monthly remittance reports
- Create participation remittance reports based on syndication and participation agreements
- Research and respond to client inquires
- Examine peer remittance reporting and assist with Audit request when necessary
- Assist with various ad hoc projects
Required Qualifications:
- Bachelor’s degree in finance or accounting or related field
- 1-3 years commercial real estate finance or accounting work experience
- Proficiency in MS Excel (Pivot Tables, V-lookup)
- Basic knowledge of loan documents
- Strong communication skills with the ability to collaborate effectively across all functional lines of the Company’s organization
- Ability to multi-task and meet deadlines.
- Attention to detail, analytical mindset, and ability to work independently and in a team environment.
Trimont is an equal opportunity employer, and we’re proud to support and celebrate diversity in the workplace. If you have a disability and need an accommodation or assistance with the application process and/or using our website, please contact us. We are proud to maintain a drug-free policy, ensuring that our community is a secure and productive space for all our team members.
