Special Servicing Intern- Summer 2025

SitusAMC • New York, NY

2d • $20 - $25 • Hybrid

About The Position

SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve. At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team! The internship role provides in-depth exposure to SitusAMC and other areas of the business where the candidate will receive guidance and work closely with experienced professionals. Our summer 2026 internship program is 12-weeks. The internship will run from June 1 to August 21 and utilize a hybrid work arrangement, requiring 3 days per week in the office. This role provides a wide range of support services to the Special Servicing team to facilitate client satisfaction and the achievement of department goals and objectives. This position will assist in the consent processing of a portfolio of highly structured commercial real estate loans, while adhering to company policies and procedures, and managing client relations.

Requirements

• Pursuing Bachelor’s degree in Real Estate, Finance/Accounting, Business or equivalent level of education or experience
• Entry-level support staff with no prior relevant experience.
• Basic understanding of real estate finance including debt and equity structures
• Understand and analyze balance sheets and income statements
• Knowledge and familiarity with underwriting and/or asset management of commercial real estate debt
• Understanding of 3rd party reports including appraisals, property condition reports and environmental reports
• Understanding of property operating statements for all commercial property types (e.g. hotel, office, multifamily, and self-storage)
• Analytical skills to understand complex commercial loan documents and borrower financial statements
• Strong organizational and time management skills
• Excellent reading, writing and comprehension skills
• Manage multiple priorities and meet multiple deadlines
• Remote working at home likely, dependent on location

Responsibilities

• Collect, review, and analyze property, borrower, and guarantor financials
• Update and monitor loan specific information in the loan servicing system
• Assist Asset Managers with collection of loan documents, reviewing monthly waterfalls and producing monthly and quarterly reports
• Communicate with Borrowers, Lenders/Investors and Sponsors as directed by Asset Managers to obtain loan balances, supporting documentation and property updates for capital expenditure projects, leasing activity, construction status, condo sales, etc.
• Prepare and submit correspondence letters to Asset Managers for review including general correspondence, delinquency letters and non-compliant letters
• Reconcile and review various reports including billing statements, release statements, payoff statements, remittance reports, quarterly asset reports as required to ensure Situs high standards are achieved in terms of quality, accuracy, and completeness
• Such other activities as may be assigned by your manager

Benefits

• SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies.
• All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

What This Job Offers

• Career Level: Intern
• Number of Employees: 1,001-5,000 employees