At a Glance
- Tasks: Manage a portfolio of commercial real estate loans and liaise with borrowers and lenders.
- Company: Join a respected, high-growth organisation in Central London focused on real estate finance.
- Benefits: Enjoy a hybrid work model with 3 days in the office and 2 days from home.
- Why this job: Gain valuable experience in a fast-paced environment while expanding your career in real estate finance.
- Qualifications: Minimum 2 years' loan servicing experience and strong Excel skills required.
- Other info: Ideal for detail-oriented individuals who thrive under pressure and enjoy teamwork.
The predicted salary is between 36000 - 60000 £ per year.
A well respected, high-growth organisation based in Central London is looking for a highly motivated and resourceful Associate to join their Credit Administration team. The successful candidate will have experience in loan agency operations, preferably within the European commercial real estate finance sector, alongside strong Excel capability. Knowledge of securitised products, particularly in relation to the role of the servicer in CMBS and CLO transactions, is beneficial but not essential. This is a hybrid role - 3 days in the office, 2 days from home.
Responsibilities
- Manage a portfolio of syndicated and bilateral UK and European commercial real estate investment and development loans.
- Work closely with Legal and, where necessary, external counsel, reviewing relevant finance documents prior to loan closing and through the life of the loan.
- Create financial models, diarise conditions subsequent, construction milestones and any other significant events, including the provision of borrower reporting, in-line with the relevant finance documents.
- Liaise with borrowers and their representatives in relation to ensuring reporting and other information required under the relevant finance documents are provided in a timely manner.
- Coordinate with lenders, borrowers and their respective lawyers in respect to loan redemptions, restructuring, amendments, waivers and other ad-hoc requests.
- Process transfers, set up waterfalls and review back-office calculations.
- Liaise with project monitors, borrowers and lenders with regard to drawdowns and calculating lender splits, if required.
- Instruct valuations.
The candidate must be capable of working independently, be able to work to tight deadlines, be exceptionally detail orientated and able to prioritise their work flows accordingly.
Skills & Experience
- Minimum 2 years’ loan servicing experience in finance, real estate or a related field.
- Solid analytical skills with interim to advanced level ability of Excel.
- Strong organisational and communication skills and must work well within a team.
- Have the personality and resilience to thrive in a fast moving and pressurised environment and be driven/determined to see tasks through to completion.
- The ability to multi-task and meet deadlines.
The right candidate will enjoy a supportive environment and gain valuable experience, further expanding their knowledge and career in the Real Estate Finance sector. If this sounds interesting and you feel you’re a good match please send in your CV for immediate review to gerry@auricoe.com.
Associate, CRE Loan Servicing (Loan Operations) employer: auricoe
Contact Detail:
auricoe Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate, CRE Loan Servicing (Loan Operations)
✨Tip Number 1
Familiarise yourself with the European commercial real estate finance sector. Understanding the nuances of this market will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, especially if you have experience with financial modelling. Being able to showcase your proficiency in Excel during discussions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the loan servicing and real estate finance sectors. Attend industry events or join relevant online forums to connect with people who can provide insights or even refer you to opportunities.
✨Tip Number 4
Prepare to discuss your experience with loan agency operations in detail. Be ready to share specific examples of how you've managed portfolios or liaised with borrowers and lenders, as this will highlight your suitability for the role.
We think you need these skills to ace Associate, CRE Loan Servicing (Loan Operations)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in loan servicing and any specific skills related to commercial real estate finance. Use keywords from the job description to demonstrate your fit for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for applying and how your background aligns with the responsibilities of the Associate position. Mention your experience with financial models and your ability to work under pressure.
Highlight Analytical Skills: Since strong analytical skills and Excel proficiency are crucial for this role, provide examples in your application that demonstrate your capabilities in these areas. Consider including specific projects or tasks where you successfully utilised these skills.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects attention to detail, which is essential for the role.
How to prepare for a job interview at auricoe
✨Showcase Your Loan Servicing Experience
Be prepared to discuss your previous experience in loan servicing, particularly within the commercial real estate sector. Highlight specific examples of how you've managed portfolios or dealt with loan operations to demonstrate your expertise.
✨Excel Skills Are Key
Since strong Excel capability is a requirement, brush up on your skills before the interview. Be ready to discuss how you've used Excel in past roles, perhaps in creating financial models or managing data, and consider bringing examples of your work.
✨Understand the Role of a Servicer
Familiarise yourself with the role of a servicer in CMBS and CLO transactions, even if it's not essential. This knowledge can set you apart from other candidates and show your commitment to understanding the industry.
✨Demonstrate Your Organisational Skills
Given the fast-paced nature of the role, be ready to discuss how you prioritise tasks and manage deadlines. Share examples of how you've successfully handled multiple responsibilities in previous positions to illustrate your organisational abilities.