Transaction Manager

Situs

(New York, New York)
Full Time
Job Posting Details
About Situs
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.
Responsibilities
* Manages the documentation and closing needs of a diverse, complex portfolio of commercial real estate loans. * Reviews and understands commercial banking and commercial real estate loan terms and financial components; identifies potential problems and solutions. * Engages and directs attorneys to prepare loan documents in accordance with policy and credit standards. * Negotiates legal, policy and procedural components of loan documents. * Mitigates documentation and operational risks, including serving as a screening process for issues impacting servicing of transaction. * Confirms all loans are closed in compliance with Company procedures and relevant regulations. * Coordinates closing activities with all parties involved, including loan funding and booking calculations ensuring all fees and expenses are accurate and documented. * Make sure everything related to loan closing is in line with expectations and timing to ensure loans closes on time * Assist in internal vetting process tasks, including inputting loan data into internal credit portal * Finalize settlement statements
Ideal Candidate
* Strong communications, analytical, decision-making, organizational, follow-up and customer service skills * Ability to make decisions or scope solutions independently leveraging attorneys, business partners and other resources to provide efficient and appropriate solutions to issues as they arise * Strong knowledge of commercial real estate documentation, risk management and commercial real estate loan products, servicing principles for commercial real estate loans and pertinent state laws governing commercial mortgages * Ability to evaluate, assess and mitigate risk inherent to closing process as well as ensuring adherence to banking regulations and policies and procedures while recognizing the unique, individualized nature of each commercial real estate transaction, particularly syndications * Attention to detail and ability to evaluate particular situations and work independently to develop a solution critical **Experience:** * Proven and progressive commercial loan closing experience with a bank or law firm, including experience closing conduit or CMBS product or equivalent * Ideal candidate will have minimum 5 years of loan closing or loan servicing experience

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