Associate Director, Remittance

Responsibilities

• Review and reconcile transactions in Client Reconciliation System database
• Request/obtain/review supporting documentation for preparation of remittance reports
• Review and reconcile with Treasury any variances between transactional data and actual bank cash in P&I application
• Agree to overall remittance of cash to Client, Servicing Fees to Corporate Accounting, and line items in Treasury Reconciliation System
• Prepare monthly documentation packages, as well as daily and monthly remittance reports
• Complete participation remittance reporting as specified in syndication and participation agreements
• Prepare remittance reporting for more complex investors / investment structures
• Research and respond to client inquires
• Review remittance reporting for the team and assist with Audit request
• Set up New Investors for reporting in Client Reconciliation System and Team Calendar
• Train new Analysts, and provide guidance to both Analysts and Associates within the Team
• Participate in client’s meetings internally and externally to improve service quality and client satisfaction
• Facilitate Corporate Accounting to have the Servicing Fee correctly billed, collected and applied
• Coordinate within the team to ensure work is in compliance with policies and procedures
• Assist with various ad hoc projects
• Required Qualifications:
• Bachelor’s degree in finance, accounting, or a related field
• 5+ years of experience in commercial real estate finance or accounting
• Advanced proficiency in Microsoft Excel
• Strong understanding of loan documents
• Strong verbal and written communication skills
• Ability to manage multiple priorities and meet deadlines
• Detail-oriented and analytical, with the ability to work independently and collaboratively
• Strong communication and collaboration skills, with the ability to work effectively across all functional areas of the organization