Senior Associate, Loan Servicing

About the role

Bellwether is a global advisory firm specializing in dynamic growth strategies for businesses. We manage over $40 billion of AUM in real estate-related assets across North America, Europe, and Asia. This role is based in Los Angeles, Newport Beach, Salt Lake City, London, and Dallas.

Responsibilities

• Oversee portfolio management, including reviewing team’s deliverables;
• Aid in training and mentoring junior team members;
• Review and interpret loan documents to determine key loan data related to loan payment calculations, escrow setup and tracking, monthly fees, payoff calculations, and loan covenants;
• Aid in onboarding process for new loans or portfolios of loans, ensuring data integrity;
• Maintain tax and insurance reserves and escrow accounts and perform routine escrow analyses;
• Coordinate lien releases and UCC continuations and terminations;
• Review monthly draw requests for completeness and compliance with loan documents, including review of budgets, back-up documentation, title updates, and inspection reports;
• Generate and review monthly billing statements and payoff statements;
• Prepare and distribute daily, weekly, and monthly reports as scheduled;
• Aid in creation and review of remittance reports due to investors;
• Develop and maintain relationships with clients, borrowers, and key stakeholders;
• Coordinate with treasury department for daily cash management functions, payment and disbursement tracking, and escrow account reconciliation;
• Oversee and improve on processes and procedures, including quality control checks within the servicing system;
• Perform additional ad-hoc analysis, projects, and reporting as requested.

Requirements

• A minimum of 5+ years’ relevant experience;
• Commercial Real Estate Loan Servicing experience required; Bridge and Construction Loan Servicing experience preferred;
• Experience with Strategy Servicing Software valued, but not required.

Qualifications

• Bachelor’s degree required in Business Administration, Finance, or a related field of study/work experience equivalence.

Essential Skills & Competencies

• Strong attention to detail;
• Ability to review and interpret loan agreements;
• Ability to calculate monthly payments with accuracy;
• Proficiency with Excel and CRE loan servicing software;
• Prioritized qualitative and quantitative analysis skills;
• Adaptability in dynamic environment;
• Proven ability to prioritize work and manage time effectively;
• Initiative and dependability;
• Excellent verbal and written communication skills;
• Highly effective at preparing and presenting information;
• Professionalism & teamwork;
• Acts with honesty and integrity and maintains confidentiality, adheres to company policies;
• Collaborates and supports a collaborative and productive work environment.

Position Details

• Classification: Exempt
• Status: Regular / Full Time
• Reports To: Vice President, Loan Servicing
• Direct Reports: No
• Physical and Mental Demands: Regular, predictable attendance is required. The physical and mental demands described here are representative of those a teammate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Work Environment: No hazardous or significantly unpleasant conditions (such as in a typical office). Moderate noise (i.e., business office with computers, phones, printers and light traffic) Indoor business office environment with windows; light foot traffic within work areas