• Commercial Loan Administrator

    Job Locations US-GA-Atlanta, GA
    Posted Date 1 month ago(8/11/2019 4:58 PM)
    Job ID
    2019-1300
    # of Openings
    1
    Department
    Asset Management
  • Company Info

    Bridge Investment Group is a leading privately held real estate investment and property management firm with over $13 billion in assets under management. Bridge pursues investment opportunities in targeted real estate sectors that offer attractive returns including current income and capital appreciation.  Its real estate activities encompass the acquisition, financing, property management, optimization and disposition of real assets and CRE-backed fixed income securities. The Company operates in five targeted verticals; multifamily, office, seniors housing, opportunity zone investments and CRE-backed fixed income, and has specialized investment teams focused on each of these areas to generate above-market returns for its investors.

    Bridge Culture

    Bridge is well-regarded for its high integrity and collaborative leadership culture that rewards both individual thinking and team decision-making.  Our leadership are seasoned professionals who bring their vast experience and high standards of excellence to their work.

    Given our horizontal scope and vertical integration, Bridge professionals are empowered to work across functional teams. As a result, they are deeply specialized and highly versatile with a clear understanding of how their roles fit into a broader context.

    Our leaders value career development and take seriously the role they play in developing next generation leaders.  Bridge professionals embody accountability and seek to deliver high-quality results through creativity and innovation. 

    Department Info

    Bridge's Office Fund Manager implements a real estate investment strategy that targets value-add commercial office assets in US prime suburban submarkets. We manage over 9 million square feet of commercial office space.  Building on Bridge's deep industry expertise and multi-cycle track record as a seasoned owner/operator, Bridge Office offers specialized opportunities in acquiring well-located, high-quality office assets with outstanding risk/reward metrics.

    Position Info

    We are seeking a Commercial Loan Administrator. Reporting to the Director, Asset Management (Loan Administration), the Commercial Loan Administrator will prepare, assist, generate and track escrow and reporting requirements of a portfolio of commercial real estate loans.  Responsibilities include the preparing and transmitting relevant monthly and/or quarterly loan reporting documents, processing all monthly loan draws and advance requests, tracking receipt of funds and remaining available balances, responding to questions or additional requests from lenders related to draw packages, generating related inter-departmental correspondence, providing associated clerical and loan processing support, preparing and processing all collateral documentation and providing assistance to Asset Management, Accounting and Treasury personnel.

    Responsibilities / Duties:

    Obtain monthly reimbursable property expense information from property accountants and supporting backup and review and confirm with asset manager appropriateness of and category associated with expenditure.

    Prepare monthly lender draw request packages associated with commercial real estate loans, with full understanding of loan terms and structure. 

    Prepare documentation required by lender for execution by CIO prior to submittal to lender and forward to Treasury for submittal to lender for funding.

    Track monthly reserve submittals, communicate with and/or respond to any questions from lender associated with submittal.

    Track receipt of funds from lender and maintain accurate remaining balances available in escrow.

    Track and ensure submittal of monthly, quarterly and annual loan financial reporting and compliance documentation.

     

     

    Qualifications

    BA or BS Degree or equivalent experience

    2-5 years of recent commercial loan processing experience;

    Solid understanding of commercial real estate loan terms with a preference of prior commercial office experience.

    Proficient written and oral communication skills;

    Proficient interpersonal skills involving the ability to build high levels of trust, with diplomacy, courtesy and tact;

    Proficient organizational and multi-tasking skills and ability to meet deadlines in a timely manner;

    Proficiency in the Microsoft suite of products;

    Solid mathematical acumen;

    Experience in Yardi accounting system a plus.

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