Senior Associate, Commercial Closing

Overview

POSITION SUMMARY:

The Associate Closer will be responsible for assisting the Head of Commercial Closing and the Commercial Closing Teamwith(i) managing the commercial real estatefinancetransaction closingprocessfrom commencement of the application process, closingofthe transaction, asset management and financing of the transaction to the final disposition of theloan and/or collateral securing the loan,in addition to all tasks associated with or ancillary tothese processes, and (ii) facilitating administrative and operational tasks in connection with general operations of the large balance commercial real estate group, including but not limited to the vendor management process, the cash management and deposit account bank processes and processes and procedures related to the servicing of the transactions.

• Assist Head of Commercial Closing and the Commercial Closing Teamwiththe following tasks:
  • Negotiation and drafting of Non-Disclosure Agreementsforbrokers and clients
  • Post-closingrepurchasefinancing process including coordination of delivery of alldue diligence materials to the repurchase lender and their corresponding outside counsel, as well as obtaining custodial receipts
  • Oversight of thelease review process withtheoutside vendor, underwriting team and outside counselemployingquality control procedures for review of all major leases
  • Performing of theinitialinternal review of leases as necessitated
  • Closing day funding process including coordination with internal finance and treasury teams
  • Post-closing securitization process including management of delivery of all due diligence to loan sellers' counsel and issuer team, as well as coordination of payment of third party brokers in connection with securitization
  • Post-closing asset managementincludingharmonizationwiththe large balance commercial asset management team and the affiliated Silver Hill Loan Servicing Team
  • Loan portfolio bidding and closing processes
  • Tracking of payments to outside counsel and circulation of analogous tracking spreadsheet to general counsel's office
  • Management of final cloud-based legal and underwriting asset files for all loans
  • Administering of thevendor on-boarding process including coordination with in-house counsel and vendor management teams
  • Updating proprietary pipeline management and underwritingsystemsin connection with loan transaction management
• Coordinate confirmation of receipt of good faith deposits from clients
• Aid outside counsel and Head of Commercial Closing with completion of the cash management process on loans including on-boarding and coordination with deposit account and cash management bank
• Administer insurance review including engagement of third party insurance consultant and coordination with borrower's insurance broker
• Oversee theKYC processin conjunctionwiththeunderwriting team and outside counsel including assisting clients with properly completing credit certifications for all applicable individuals and entities in the borrowing structure
• Prepare closing statements in coordination withtheunderwriting team, borrower, titlecompanyand outside counsel including completing internal Excel spreadsheet, calculating reserves, and tracking of all invoices to be paid at closing
• Synchronize the lease of third party reports to brokers and clients in connection with "dead" and closed transactions