Commercial Real Estate Servicing Associate

Covius

20d•$45 - $55

About The Position

It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and customer focus to the business. Summary The Commercial Real Estate Servicing Associate is responsible for performing core servicing functions for CMBS and K-Deal securitizations. This role ensures accurate reconciliation of loan data and cash flows, compliance with servicing standards, and timely reporting to trustees and certificate administrators. The position requires strong analytical skills, attention to detail, and the ability to manage complex financial reconciliations while maintaining high standards of customer service. This position is classified as a Transactional Employee (TE). Transactional Employees are assigned to work on an “as needed” or project basis. The variable nature of the transactional role cannot guarantee a 40-hour work week. Transactional employees are typically designated to work on a deal or a particular client assignment. At times, work may be reduced, and there may be occasional periods of no work. Efforts will be made to assign work, but work is entirely dependent on client needs.

Requirements

Strong understanding of securitization processes and investor reporting requirements.
Proficiency in financial reconciliation and risk management practices.
Excellent verbal and written communication skills.
Strong analytical and problem-solving skills.
Ability to prioritize multiple objectives to meet client deadlines and department goals.
Ability to work independently in a fast-paced, metrics driven environment.
Advanced knowledge of Microsoft Office Suite, including Word, Excel, and PowerPoint.
Detail-oriented with strong organizational skills.
Commitment and ability to cultivate a diverse and inclusive work environment.
Bachelor’s degree in Finance, Accounting, Business, or related field or equivalent combination of experience and education.
5+ years of experience in master servicing, CMBS, or structured finance required.
Financial systems experience (Enterprise! or similar).

Responsibilities

Perform core servicing for CMBS/K-Deal securitizations, including loan activity reporting, P&I remittance, and post-purchase data changes.
Reconcile monthly Loan Periodic Update and Remittance Files with cash receipts; resolve outstanding P&I and servicing advance reconciliations.
Complete financial/accounting reconciliations, amortizations, variance analysis, and month-end close reporting.
Monitor servicer performance and contractual compliance; resolve discrepancies promptly.
Oversee cash flow management and operational/financial risk mitigation.
Conduct quality reviews and document results to ensure accuracy and compliance.
Report and remit funds accurately and on time to Certificate Administrators/Trustees.
Support Freddie Mac team in resolving reconciliations and servicing issues.
Deliver investor reporting while ensuring customer satisfaction.
Assist in developing and delivering Master Servicing training programs.
Conduct comprehensive QC work on portfolios to ensure accuracy, completeness, and compliance with organizational standards.
Serve as a point of contact between internal teams, external stakeholders, and clients to ensure clear communication and alignment on project objectives.
Complete data remediation in Enterprise!, the system of record for Master Servicing.
Perform other related duties as assigned.