Description
Overview:
Since our formation six years ago, SKW Funding has developed into a leading private real estate debt platform that invests in every form of real estate debt, including first lien, mezzanine, and note financing, in every category of commercial real estate. The company, together with its joint venture partner, Bain Capital Credit, has closed on over $500 million in loan originations and note acquisitions in the past year and has a pipeline of nearly $500 million in deals set to close in the next few months, which would bring our projected AUM to over $1 billion this year.
Position Description:
In connection with the continued growth of its company, SKW Funding is seeking to hire a strong candidate to join its team. SKW Funding has an immediate need for an experienced individual to assist with all aspects of accounting and loan servicing in the firm’s growing portfolio. It is essential that the individual is extremely proactive, detail oriented, highly capable of managing multiple roles and various deals effectively and enjoys working in a collegial team environment. Great opportunity for growth within the company while working on a variety of real estate transactions, including multiple property types in NYC and other major metro areas.
Accounting Responsibilities:
- Record acquisition/origination of new loans and disposition of paid off loans
- Monthly close – reconcile bank statements, record activity at the individual loan level, as well as the upper tiers
- Prepare monthly, quarterly, and annual financial reporting on all loans
- Consolidation and combination of various operating entities in accordance with GAAP
- Assist with the year end audit and tax return preparation
- Distribute investor K1s and vendor 1099s
Loan Servicing / Asset Management Responsibilities
- Oversee the servicing of new and existing loans to verify proper recurring and additional replenishment needed for escrows
- Prepare monthly Borrower invoices / statements
- Update internal servicing records
- Keep track of key dates and correspond with Borrowers on ongoing deliverables
- Prepare monthly loan performance summaries for key internal stakeholders
- Prepare Senior Lender Monthly / Quarterly Compliance items
- Reconcile payments and reserve / escrow activity to bank accounts
Qualifications:
- Accounting Degree
- Public Accounting Experience
- CPA is a plus
- Real Estate Experience (preferably in NYC) is a plus
- Yardi Experience is a plus
- Strong excel skills
- Strong interpersonal skills given the small team environment
- Organized and highly detail oriented
- Highly motivated
Experience
2+ to 5 years
This job is no longer active.