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Michael Page

Manager Operations / REO Accounting - DTX

Michael Page, Richardson, Texas, United States, 75080

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Manager Operations / REO Accounting - DTX Join to apply for the

Manager Operations / REO Accounting - DTX

role at

Michael Page

Base pay range $130,000.00/yr - $150,000.00/yr

In this role, you will be responsible for accounting functions, and working closely with asset managers, senior management and external parties. This role is focused on the asset management and administration of performing and non-performing loans, and Real Estate Owned ("REO") within CMBS and CLO portfolios.

CMBS special servicer that involves management and oversight of a portfolio of distressed loan and REO - also performing underwriting, credit risk assessment on new CRE loans targeted for sale to CMBS trusts.

Key Responsibilities

Manage a portfolio of REO assets and Specially Serviced loans under supervision of senior management and in coordination with the asset manager.

Assist asset managers in the daily administration of compliance requirements for loans and REO including preparation and/or review of key deliverables pursuant to related servicing agreements and internal quality control reports.

Handle new loan and REO setup as well as disposition, and coordinate and monitor the processing and closing out of loan or REO sales and dispositions in addition to procedures related to modifications, discounted payoffs, foreclosures, receiverships, and other legal actions.

Engage and interact with third party consultants including attorneys, receivers, management/leasing companies, appraisers, environmental engineers, property inspectors, etc. with added emphasis on property management firms handling REO assets.

Qualifications

Bachelor's degree in Accounting (preferred), Finance, Real Estate, Economics or related field

Prefer historical experience with property management companies (all property types) and commercial loan servicing.

Excellent organizational, communication and time management skills including experience in reviewing agreements such as those for property management, receiverships, vendor agreements and commercial loan agreements

Strong attention to detail with the ability to multi-task in a fast-paced environment

Strong proficiency in Microsoft Excel

Problem solver mindset as well as initiative to improve and/or eliminate existing processes and flexibility to contribute outside of the 40 hour work week.

Job Offer Great Compensation Package

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

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