Business Analyst (Closing & Due Diligence Officer)
6 months
Location: Newark, NJ
 
Responsibilities
Transaction & Closing Support

• Prepare and maintain complete closing files for each loan transaction.
• Establish and manage data sites for all transaction working parties.
• Coordinate loan documentation and execution, including scheduling and tracking signatures.

Third Party Due Diligence Coordination

• Engage and manage all third party vendors related to loan transactions, including appraisal, engineering, environmental, insurance, zoning, and lease abstraction providers.
• Order and track KYC searches and flood certificates.
• Review tenant estoppels for consistency with leases and lease abstracts.

Closing & Administrative Oversight

• Compile third party vendor invoices and confirm wiring instructions for escrow payments prior to loan closing.
• Maintain and update an active pipeline of loans in the closing process.
• Update internal loan systems throughout each stage of the closing process, including deposits and funding milestones.

Internal Coordination & Post Closing Support

• Support post closing requests from Servicing and Data Analytics teams, including follow up due diligence items.
• Assist the Capital Markets team by uploading required diligence and documentation to line lenders and repo facilities.
• Perform other reasonably related duties as assigned.

Skills & Professional Attributes

• Ability to work independently while collaborating effectively within a team environment.
• Demonstrates strong independent judgment, decision making ability, and attention to detail.
• Self motivated, proactive, and persistent with a hands on work style.

Experience & Qualifications

• Minimum of 3+ years of commercial real estate investment or transaction experience.
• Commercial loan closing experience preferred.
• Paralegal background and active notary public commission preferred, or willingness to obtain.

 
 
At SPECTRAFORCE, we are committed to maintaining a workplace that ensures fair compensation and wage transparency in adherence with all applicable state and local laws. This position’s starting pay is: $ 31.00/hr.