Closing Coordinator

Since 1985, Situs has been the premier, global provider of end-to-end commercial real estate and loan advisory services and integrated solutions, offering customized services to leading financial institutions, investors, owners, and developers. We offer a wide array of services, including enterprise and process improvement, capital markets and commercial real estate advisory, primary and special servicing, and creative staffing solutions.

Allianz Real Estate of America (“AREoA”) is seeking an experienced Closing Coordinator to manage all aspects of the commercial mortgage loan closing process. The position is based in AREoA’s Midtown New York City office and will report to the Senior Real Estate and Corporate Counsel.

Coordination of all aspects of mortgage loan closings, including: * Formulate, update and periodically review and suggest improvements for procedures for commercial mortgage loan closings. * Provide complete, detailed contact list for all parties involved in loan closing, establish closing timeline and monitor checklist item status to ensure all parties are responding appropriately. * Distribute and manage the closing checklist and complete certain items including: * obtain estimates for and engaging 3rd party reports; * monitor to ensure reports are received and reviewed by appropriate Allianz parties; *assist with due diligence review, such as cross-checking leases and estoppels against rent roll; * liaise with all internal and external closing team parties, procure all items to complete the lender's portion of the settlement statement (such as stub interest calculation, vendor invoices and wiring instructions); * manage online data room used by lender and borrowers for document exchange. * Work closely with internal and outside counsel and Title Company to coordinate all aspects of closing: * Verify that diligence items have been received, approved and required checklists are properly executed prior to initiating loan closing procedures, notify all appropriate internal parties thereof. * Coordinate internal execution of funding memo, loan documents and delivery to Lender’s counsel. * Confirm initiation of wire from appropriate internal client to Title Company for loan funding, and confirm receipt by Title Company. * Perform all aspects of loan post-closing duties to ensure proper document distribution and retention. * Help maintain electronic pipeline management tool and produce reports for inclusion in monthly and quarterly client reporting packages. * Assist Senior Closer and Director of Servicing in analyzing borrower requests for approval, pulling underlying loan documents, reviewing servicer recommendations and making recommendations for action; coordinate with borrowers to respond to their needs in a timely manner.

Candidates should have demonstrated at least 5 years of commercial mortgage loan closing experience, have a Bachelor’s degree and be a licensed notary. Paralegal certification is preferred but not required. The ideal candidate should be able to demonstrate: * Highly organized, understands the process and prioritizes schedules and projects well, works calmly and efficiently under pressure to manage multiple closings at once. * Excellent communication and problems solving skills. * Detail oriented, focused “get it done” approach. * Team oriented and “borrower friendly” attitude to foster repeat business.