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Closing Transaction Manager

  • Job type: Permanent
  • Location: New York
  • Salary: $250000 - $400000 per annum
  • Job reference: JO020918
  • Sector: Buy Side, Asset Management, Selby Jennings
  • Date posted: 09/02/2018
My client is a financial firm who is one of the top rated firms in the commercial real estate market. Their mission is to find lending solutions for the commercial real estate brokerage community and owners of the commercial real estate.
This Specialty Firm is looking to hire a Transaction Manager with a legal background in real estate to manage commercial real estate loan closing transactions.   The Transaction Manager position will provide support for many facets of the closing process, as well as general transaction project management.

  • Draft initial quotes and loan applications
  • Manage outside counsel
  • Address borrower inquiries, and have proper judgment/experience to know when issues should be elevated
  • Ensure that real estate loan documentation reflects the approved conditions and structures
  • Work with internal business teams to ensure the real estate  transaction process follows compliance guidelines
  • Preparation of closing statements, including income and expense proration schedules
  • Interact with borrowers and brokers to ensure timely delivery of due diligence
  • Review legal due diligence
  • Coordinate with loan underwriters regarding non-legal due diligence
  • Interact with the loan originators to ensure real estate deal closing progresses smoothly
  • Review and negotiating real estate loan documents
  • 6+ years of commercial real estate experience, with a legal background
  • Ability to read and understand commercial real estate loan documentation, securitization documents, including pooling and servicing agreements and related documentation
  • Strong attention to detail, analytical and accuracy skills

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