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Executive Director, Transaction Manager - Commercial Real Estate

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10022
Country
United States

This job is no longer active.

Description


We are looking for a transaction manager for our client, a multi-billion dollar European financial services institution. The role provides an exceptional opportunity to work in a broad range of real estate financing capacities and across a diverse mixture of loan products that cover a variety of collateral types. Such capacities include structuring new loan products with the team head; working with originators, the credit team, and business heads to draft, negotiate, and finalize term sheets; working with outside counsel on active deals; working with underwriters to diligence the collateral; working with closers to close deals; and working with the asset management team on various loan servicing matters. Such loan products include fixed rate loans of varying maturity terms (both recourse and non-recourse); floating rate loans on stabilized assets; floating rate loans on transitional assets (a substantial portion with future advances or customized reserve structures); and senior/subordinate loans under various structures.

Responsibilities:

* Manages documentation, closing, and asset management needs of a diverse, complex portfolio of commercial real estate loans (including loans under various types of senior/subordinate structures).
* Understands complex commercial banking and commercial real estate loan terms, structures, and concepts; serves as a source of knowledge and subject matter expert to the broader group on complex CRE transactions; identifies potential problems and solutions.
* Engages, manages, and directs attorneys to prepare and finalize loan documents in accordance with policy, credit standards, and particular deal approvals.
* Drafts and revises term sheets in conjunction with originators and other business team members.
* Spots issues with respect to loan diligence materials and works together with counsel and deal team to address effectively.
* Ensures that loans (and documentation thereof) comply with applicable internal guidelines and procedures as well as external requirements.
* Reviews and supports finalization of asset summary reports that relate to loan documentation or legal diligence matters.
* Negotiates loan documents to reduce or eliminate various legal and other risks to the company.
* Mitigates documentation and operational risks to the company.
* Coordinates and supervises all closing activities, including ensuring that all fees and expenses are accurately documented and collected.
* Supports asset management team on issues that may arise on closed loans, including review and analysis of related loan documentation.
* Assists in internal KYC processes.

Experience Required:
* Minimum five years of proven and progressive commercial real estate transaction experience at a law firm.
* Experience with both fixed rate and floating rate loans.

Skills Required:

* A law degree from an accredited institution.
* Ability to make decisions or scope solutions independently, and as appropriate, together with attorneys, deal team members, business partners and other resources to provide efficient and appropriate solutions to issues as they arise.
* Strong knowledge of commercial real estate documentation, risk management and commercial real estate loan products, servicing principles for commercial real estate loans and pertinent state laws governing commercial mortgages or relating to real estate transactions.
* Ability to identify, assess, and mitigate risks relating to loan diligence and/or closing processes, as well as ensuring adherence to banking rules and regulations and internal policies and procedures while recognizing the unique, individualized nature of each commercial real estate transaction.
* Strong and effective communication, analytical, effective decision-making, organizational, follow-up, and customer service skills.
* Attention to detail and ability to evaluate situations on a case by case basis and work independently to develop and implement solutions.

About SitusAMC

SitusAMC is the leading provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors, across the life cycle of commercial and residential real estate debt and equity. The firm employs more than 3,300 employees with offices in 27 markets across the U.S., Europe and APAC.

SitusAMC brings together the industry’s top talent, unparalleled platform and innovative technologies to help clients optimize returns, identify risk, transform processes and infrastructure, and ultimately, realize opportunities in their businesses.

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

This Employer Participates in E-Verify

EOE/M/F/D/V

This job is no longer active.

Legal / Transactions Retail New York Full Time NY Legal, Portfolio Management, Risk Management Executive Director, Transaction Manager - Commercial Real Estate other