Commercial Real Estate Loan Servicer
You desire impactful work.
RGA is a purpose-driven organization working to solve todays challenges through innovation and collaboration. A Fortune 500 Company and listed among its Worlds Most Admired Companies, were the only global reinsurance company to focus primarily on life- and health-related solutions. Join our multinational team of intelligent, motivated, and collaborative people, and help us make financial protection accessible to all.
A Brief Overview
Under limited supervision, service commercial real estate loans which includes accurate accounting and reconciliation of all fees, escrows, taxes, insurance, and amortization schedules. Assist in creating and scheduling servicing and management reports. Assist in the development and implementation of policies, procedures, standards and controls related to CML and real estate management to help ensure the companys regulatory compliance.
What You Will Do
- Assist with the implementation of software systems and the automated conversion of all third-party servicer date to an in-house loan management system.
- Create new and refine existing loan servicing procedures and guidelines to ensure accurate documentation for departmental processes.
- Create and manage all loan servicing files and provide manual input of all property level information and any missing information from the initial data load.
- Maintain knowledge of lending practices as related to real estate loans.
- Create, schedule, and update all servicing and management reports and amortization schedules on all loans. Prepare monthly accounting reports for investment accounting.
- Monitor receipt of all monthly principal, interest and escrow payments and issue late payment letters as necessary. Maintain accurate accounting of all required escrows, ensure timely payment of all property taxes or verify tax payments and issue default letters as necessary.
- Monitor insurance expirations and ensure that property / casualty insurance is in force at all times and issue default letters as necessary.
- Serves as back-up support to Director and provides approval authority as needed on payment of taxes, insurance, escrow draws, boarding loans, etc.
- Communicates with borrowers regarding loan related issues including assumptions, transfers, releases, creation of statement of accounts, etc.
- Prepare and mail 1099s on an annual basis.
Education and Experience Required
Bachelors Degree in Arts / Sciences (BA / BS) in Business, Business Administration, Accounting, Finance or equivalent related work experience3+ Years commercial real estate loan servicingSkills and Abilities Required
Intermediate Word, Excel and SQL / Query skillsAdvanced knowledge of commercial mortgage loan theory and applicationAdvanced knowledge of commercial mortgage loan tracking software applicationsAdvanced skills in customer service.Ability to be flexible when needed, take initiative, and demonstrate accountabilityIntermediate oral and written communication skills demonstrating ability to share and impart knowledgeAbility to quickly adapt to new methods, work under tight deadlines and stressful conditionsAbility to set goals, multitask and prioritize workloadIntermediate investigative, analytical and problem-solving skillsAbility to work well within a team environment and participate in department / team projectsAbility to balance detail with departmental goals / objectivesPreferred
Insurance, financial and accounting services experienceExperience with LMS 2000 softwareWhat You Can Expect From RGA :
Gain valuable knowledge from and experience with diverse, caring colleagues around the world.Enjoy a respectful, welcoming environment that fosters individuality and encourages pioneering thought.Join the bright and creative minds of RGA, and experience vast, endless career potential.Compensation Range : $65,050.00 - $92,400.00 Annual. Base pay varies depending on job-related knowledge, skills, experience and market location. In addition, RGA provides an annual bonus plan that includes all roles and some positions are eligible for participation in our long-term equity incentive plan. RGA also maintains a full range of health, retirement, and other employee benefits.
RGA is an equal opportunity employer. Qualified applicants will be considered without regard to race, color, age, gender identity or expression, sex, disability, veteran status, religion, national origin, or any other characteristic protected by applicable equal employment opportunity laws.