Coordinator - CMBS REO Reporting

Rialto Capital•Miami, FL

6d•Onsite

About The Position

This role provides general operational and administrative support to the REO Reporting Team. The Coordinator will be responsible for distributing new bank account letters, maintaining REO trackers, coordinating the collection and review of financial statements and reporting packages, and monitoring insurance certificates. The position also involves tracking monthly sweeps, obtaining asset manager approvals, maintaining insurance Statements of Values, tracking receivership status, reviewing watchlist assets, requesting insurance proposals, tracking insurance refunds, processing invoices, monitoring expense reimbursements, preparing and documenting deposits, processing funding requests, and providing general operational and administrative support.

Requirements

Strong work ethic and organizational skills
Proficiency in Microsoft Office Excel
Excellent oral and written communication skills
Ability to work effectively in a fast-paced team environment

Nice To Haves

Bachelor’s degree is preferred but not required.
1-3 years of relevant administrative experience may be considered in lieu of a degree

Responsibilities

Distribute new bank account letters to master servicers and operating advisors.
Maintain and update REO trackers for CMBS, Signature Bank, Aflac, CLO/FSR, and Fund portfolios.
Coordinate the collection of financial statements and reporting packages from property managers.
Review financial reporting packages for completeness and follow up on missing or incomplete information.
Monitor certificates of insurance through EBIX and follow up on outstanding documentation.
Track monthly sweeps to master servicers and follow up on outstanding sweeps.
Obtain and document asset manager approvals for financial reporting packages.
Maintain accurate and current insurance Statements of Values.
Track receivership status.
Review watchlist assets to ensure bank accounts, insurance documentation, and property management agreements are in place before transfer to REO.
Request and coordinate insurance proposals from brokers.
Track insurance refunds and follow up on outstanding payments.
Process CMBS Operations and CMBS Insurance invoices through Concur.
Monitor expense reimbursements from property managers and follow up on outstanding amounts.
Prepare and document deposits related to insurance refunds and expense reimbursements.
Process funding requests with the master servicers to fund bank accounts.
Provide general operational and administrative support to the REO Reporting Team.