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Situs

Account Specialist - Construction Loan Servicing

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Finance / Investment
Location
New York
 NY
Postal Code
10013
Country
United States

This job is no longer active.

Description


The professionals at Greenwich Street Community Capital (“GSCC”), a dedicated subsidiary of Situs Group, underwrite and close construction and permanent loans that are used to finance the new construction and preservation of affordable and workforce rental housing for Citi Community Capital (“CCC”), the community lending and investing arm of Citigroup.  Employees of GSCC are fully integrated with Citi employees at Citi locations.

 

 

CCC works with for-profit and non-profit developers, as well as state and local government agencies on both straightforward and highly structured transactions.  The projects we finance serve the homeless, seniors, those with disabilities, as well as low income families and individuals.  They may also include workforce housing or market rate units and other commercial uses.  We are among the largest Fannie Mae and Freddie Mac mortgage bankers in this sector in addition to being a balance sheet lender.

 

We work throughout the country from 13 offices and, according to Affordable Housing Finance Magazine, have been the #1 affordable housing lender in the United States in each of the past nine years.  That success is due in large part to having the strongest, most innovative team of professionals in the country.

 

 

GSCC is looking to add an Account Specialist to our Asset and Transaction Management Group. 

 

 

Job Overview:

 

  • Manage and service an active portfolio of multifamily rental construction transactions (e.g., loans, bonds, and letters of credit).

  • Demonstrate a strong understanding of deal structure and the economic terms of the transactions.

  • Work closely with clients, governmental agencies, fiscal agents, and other external parties on monthly deal disbursement and approval process.   Coordinate internally with Asset and Construction Management, and Operations.

  • Review disbursement requests, inspection reports, title updates and managing flow of funds mechanics.

  • Review deal summaries and legal documents to ensure the risk profile and deal structure are accurate and consistent across all systems and tracking tools.

  • Monitor ongoing updates to the portfolio, including participating in extensions, modifications, and other deal events.

  • Handle data requests from internal teams as well as from regulators, clients, and other third parties.

  • Participate in longer term initiatives that improve the usability of systems and streamline process and procedures.

 

Qualifications:

 

  • Candidate is required to have a BA/BS.    Minimum 2 years of experience in real estate industry or equivalent experience.   

  • Individual must possess excellent communication and interpersonal skills to build and maintain strong customer relationships.

  • Individual must be detail-oriented and demonstrate strong organizational skills.  Ability to multi-task under tight deadlines is required.

  • Energetic individual who shows initiatives, is a team player, and has a positive attitude to change.

  • Ease with learning new systems/applications required.   Good excel skills are also required.

  • Quick learner and ability to work with minimal direct supervision.

  • Previous experience servicing affordable multifamily loans, knowledge of commercial real estate legal documentation and construction budget are a plus.

 

We are an equal opportunity employer (m/f/d/v).

This Employer Participates in E-Verify

EOE/M/F/D/V

Job Functions


  • Construction
  • Finance
  • Community Development
 

Job Sector


Not specified

 

Experience


2+ to 5 years


This job is no longer active.

 
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