Job Summary
The Loan Servicing Coordinator is responsible for the administration and supervision of the company’s Loan Servicing, debt compliance and supports the Senior Associate, Capital Markets in the loan closing process. This role will ensure the timely and accurate completion of all tasks and requests regarding in place debt for Sagard funds and separate accounts as well as supporting the loan closing process.
This role is also responsible for day-to-day monitoring of Sagard’s loan portfolio and debt compliance, which includes personnel from several departments, including implementing new requirements, streamlining workflows where possible, and resolving issues.
The Loan Servicing Coordinator will oversee developing internal work procedures and policies and implementing a tracking system to support consistency within the debt program.
Key Job Duties
• Performs core Loan Servicing functions, including quarterly loan compliance reporting and administration, escrow administration, and post-closing requirements.
• Support, assist and coordinate loan closings with Debt Team, legal and various other departments.
• Interface with lender relationships to obtain approval on new leasing/ subleasing, lease modifications, and other situations that trigger lender consent.
• Work in conjunction with Asset Management and Accounting for loan servicing management and reporting compliance requirements on Sagard’s $1B+ debt portfolio.
• Oversees assembling and submitting of draw requests for tenant leasing costs and general capital work.
• Maintain Sagard’s online debt platform and loan database.
• Assist with Loan Document amendments and waiver documentation.
• Interface with asset management, development, and legal personnel on property status and compliance with loan documents.
• Collect, engage and inventory all due diligence related information and documentation required to close commercial real estate transactions.
• Collaboratively serve as liaison with acquisitions, legal, title, accounting, asset and portfolio management, and third party vendors/consultants.
• Assist with assembling final settlement for transaction closings.
Experience Required
• Minimum of 2 years combined experience in commercial loan processing, closing, or servicing
Knowledge, Skills and Abilities
• Current practices in Commercial Loan Servicing.
• Good working knowledge of commercial real estate mortgage products and documentation.
• In-depth understanding of commercial loan compliance requirements.
• Detail oriented and comfortable working with senior team members on issues requiring escalation.
• Ability to analyze situations and raise potential red flags and questions.
• Advanced conflict resolution and problem-solving skills.
• Ability to recognize needed improvements and take necessary steps to implement changes.
• Exceptional interpersonal communication skills.
• Ability to display positive, professional disposition/behavior.
• Organized, flexible, and able to multi-task in an ever-changing environment.
• Ability to prioritize/manage workload and allocate resources.
• Ability to work with peers in other departments for necessary crossover functions.
• Proficient with the Microsoft Office Suite (Word, Excel, Outlook)
Starting Salary Range and Benefits
• $80,000 to $95,000 / USD Annually
• Medical / Dental / Vision
• 401(K)
• Flexible Time Off
• Commuter Benefits
Posting Date: December 11, 2023
Expiration Date: June 30, 2024 (or until filled)
Application
Please send resumes and cover letters to [email protected], providing:
- First Name
- Last Name
- Phone Number
- E-mail Address
- A brief summary of related experience and skills
- Provide your job current title or most recent title
Disclaimers
The starting salary for this position is an estimate, based on potential employee qualifications, operational needs and other considerations permitted by law. Actual salaries will vary and may be above or below the stated range based on various factors including, among other factors, location, education and training, experience, internal pay alignment, and performance. A potential new employee’s salary history will not be used in compensation decisions. Many candidates’ compensation will start in the bottom half of the stated range. This role is also eligible to participate in a merit-based annual bonus program, health, vision, and dental insurance plans, long and short-term disability, 401K plan, and PTO. This information is provided in connection with the Colorado Equal Pay for Equal Work Act, and similar requirements in California and New York. Positions located outside of these states may or may not necessarily receive the same compensation.
