Sr. Loan Servicing and Closing Manager (CRE)

About the role

The position is part of CIM Group's Loan Servicing and Closing group. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. They focus on enhancing communities and have projects across the Americas.

Essential Functions

• Oversee the daily loan servicing of an assigned portfolio of CRE loans, acting as primary servicing point of contact for internal parties, borrowers, third party servicers, and various vendors.
• Manage monthly payment process, coordination of third-party servicers, management of monthly cash management waterfalls, custodial management of the original loan file, monitoring the reporting requirements of the loan agreement and guarantors, monthly fundings of loan proceeds/reserves, pay downs and payoffs.
• Repurchase Facilities/Back Leverage: Partner with Fund leads within the Investments Group to onboard and manage the repurchase facilities/back leverage. This includes working with repo lenders, participants, banks, and various investors. Duties include monthly payment process, coordination of reimbursements of any fundings, providing any reporting requirements, pay downs and payoffs.
• Closings: Assist with the closing of new originations. Duties include tracking of good faith deposits, ordering/review of various due diligence reports, coordinating insurance reviews/approvals, running background checks to achieve internal KYC/AML compliance, setup of any required bank accounts, review various legal documents, coordinate the settlement statement with title companies, obtain any approvals needed for closing/funding, and accurately on board the loans.
• Ensure all money movements are funded in compliance with loan documents and company policies.
• Ensure appropriate set-up, maintenance, and closing of all required bank accounts tied to assigned portfolio.
• Coordinate the payment of all pass-through expenditures from related vendors for the assigned portfolio.

Education/Experience Requirements

• Bachelor’s degree in Finance, Accounting, or other quantitative or related fields.
• 6+ years’ relevant professional experience working with an investment firm, commercial loan servicer, private equity firm, or similar organization, focusing on real estate credit and adjacent sectors.
• Demonstrated proficiency with Microsoft Office including Outlook, Excel, PowerPoint and Word.
• Commercial Real Estate experience required.
• Strong work ethic; proven ability to operate independently in a dynamic, fast-paced environment.

What CIM Offers

• A variety of Medical, dental, and vision benefit plans.
• Health Savings Account with a generous employer contribution.
• Company paid life and disability insurance.
• 401(k) savings plan, with company match.
• Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave.
• Up to 16 hours of volunteer time off.
• Up to 16 weeks of Paid Parental Leave.
• Ongoing professional development programs.
• Wellness program, including monthly and quarterly prizes.

How We Feel About Diversity and Inclusion

We believe our success stems from our collective efforts and are committed to providing well-rounded support and resources for our employees. We strive to ensure a safe and supportive environment where all employees can grow and make impactful contributions together. CIM is committed to maintaining the confidentiality and privacy of your personal and financial information.