Loan Manager
Dallas, IA - USA
Job Summary
Are you motivated by solving complex financial challenges and driving results with analytical precision At CIM Group youll play a key role in shaping the performance and strategy of a national commercial real estate credit portfolio.
We are seeking a proactive detailoriented team member to join our Loan Servicing and Closing this role you will manage your own portfolio of loans lead daily servicing activities along with the associated debt assist in closing of new originations and partner closely with teams across investments legal development loan resource group compliance treasury and accounting. Your work will directly influence decisionmaking and help optimize the value of multifaceted multimilliondollar assets.
If youre ready to take ownership grow your expertise and contribute to a dynamic fastpaced platform we look forward to connecting.
Loan Servicing
- 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 includes 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
- Partners with Fund teams within the Investments Group to onboard and manage the repurchase facilities/back leverage. This may entail 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.
Other Key Responsibilities
- 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.
- Ensure all data and information related to lending activities is entered into loan servicing system accurately and timely.
- Coordinate the payment of all pass-through expenditures from related vendors for the assigned portfolio.
- May also 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.
- Bachelors degree in Finance Accounting or other quantitative or related fields.
- 4 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 strongly preferred.
- Strong work ethic; proven ability to operate independently in a dynamic fast-paced environment.
- 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
- And more!
Required Experience:
Manager
About Company
CIM Group is an owner, operator, lender and developer of real assets with broad expertise in real estate, infrastructure and credit. Learn More!