Associate, Loan Servicing
Job details
Job description, work day and responsibilities
About the role
The finance & operations Associate will be part of Brio’s loan servicing and onboarding team and will help facilitate the day-to-day operations for a diverse and expanding portfolio of complex debt investments secured by commercial real estate and leveraged through a variety of financing structures. This client-facing role requires great attention to detail and a constant sense of urgency. Additionally, a proactive approach in managing tasks such as new asset and liability onboarding, facilitation of draw funding, review and final approval of remittance waterfalls, and preparation of monthly portfolio analytics is expected for this position.
What you will do:
Review asset collection information from servicers for accuracy and alignment with system accrual; follow-up on missing payments and confirming reasonableness for any accrual breaks.
Compare credit facility lending invoices to the system of record and resolve any discrepancies with accrual prior to release of payment.
Approve and book monthly and quarterly servicer remittance information into system.
Obtain and review payoff information prior to repayments. Ensure timely repayment to the financing counterparty and receipt of net remittance, record payoff activity within the system.
Obtain approvals and prepare wire memos for borrower draws, counterparty expenses, and intercompany funds movement.
Reconcile daily cash activity to the activity recorded into system.
Attend new loan pre-close meetings with Blackstone team, review legal documentation, and fully onboard new asset and liability positions into the system.
Review complex loan modification and maturity extension documentation and record new terms in the system.
Interact directly with servicers, Blackstone asset managers, and financing counterparties.
Review and coordinate work performed by BREDS offshore operations team and integrate into Brio workflows.
Help facilitate KYC requests from servicers and financing counterparties.
Prepare monthly and quarterly investment portfolio analytics for senior management.
Participate in bi-weekly team calls and weekly investment vehicle meetings with the broader Blackstone team.
What you should have:
No visa sponsorship applicable for this role.
Bachelor’s degree in finance, accounting, real estate or related discipline required. (ACA qualified preferred but not a requisite)
3-6 years of experience in public accounting, Loan Servicing, Banking, or Commercial Real Estate, or portfolio accounting for related industries
Loan Agency experience preferred.
High standards and ability to meet time sensitive deadlines
A self-motivated individual with a strong work ethic and attention to detail
Proactive and personally accountable; willing to take responsibility
Adaptable and decisive; adapts to and focuses on priorities at hand
Strong written and verbal communication skills
Proficiency in MS Excel is required
Prior experience with Anaplan, Loantapes and Oracle ideal
No visa sponsorship applicable for this role
Company address
You will be redirected to another website to apply.
Offer ID: #1245024,
Published: 4 weeks ago,
Company registered: 2 months ago
