Sr. Asset Management & Loan Closing Associate
New York, New York County, New York, 10261, USA
Listed on 2026-02-06
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Finance & Banking
Risk Manager/Analyst, Financial Analyst, Loan Servicing, Real Estate Finance
ABOUT THE ROLE
The Senior Asset Management & Loan Closing Associate supports Asset Management functions and the loan closing process for commercial real estate of affordable housing loans. This dual-role position ensures the integrity of transactions from commitment through disbursement and throughout the life of the loan. This position ensures that all documentation is accurate, complete, and compliant with internal policies and regulatory requirements.
The Asset Management & Loan Closing Associate plays a critical role in coordinating with internal departments, borrowers, legal counsel, title companies, and other stakeholders to ensure timely and successful loan closings.
- Coordinate all aspects of loan closings from commitment through funding
- Schedule and facilitate closings with borrowers, underwriters, attorneys, and title
- Manage communications with borrowers, title, and internal teams
- Track and collect due diligence items (title, insurance, survey, etc.)
- Maintain and manage closing checklists, calendars, and escrow instructions
- Initiate UCC filings and coordinate with title companies
- Maintain digital loan files and update Salesforce
- Upload executed documents and follow up on outstanding items
- Flag borrower-specific compliance issues and support draw coordination
- Perform initial compliance checks (e.g., insurance, title review)
- Coordinate with outside counsel for draft requests and track legal invoices
- Monitor the status of closing-related deliverables and flag issues
- Prepare/review template closing documents (draft settlement statements, funding instructions)
- Ensure legal and internal compliance before disbursement
- Collaborate with post-closing teams for transition and trailing documents
- Support audits by pulling files and responding to document requests
- Provide customer service to internal and external stakeholders
- Support post-closing borrower onboarding including compliance calendars, file uploads, and key covenants.
- Assist with ongoing monitoring including review of compliance certificates, financial reports, and borrower performance.
- Help maintain asset management trackers, risk rating updates, and site visit preparation.
- Coordinate with internal teams to flag underperforming loans or missing compliance items.
- Assist with the preparation of asset management memos, watchlist summaries, or risk-related presentations.
- Input updated borrower performance data and compliance items into Salesforce and the shared drive.
- Collaborate with the Director on special projects related to portfolio performance and reporting.
Education: Associate’s or Bachelor’s degree in Business Administration, Finance, Real Estate, or related field preferred.
Experience:
- 2–5 years of experience in loan closing, preferably in commercial, real estate, or CDFI lending.
- Familiarity with different loan products (e.g., construction, permanent, revolving, or gap financing).
- Experience with loan monitoring, borrower compliance, or asset management is strongly preferred.
- Strong attention to detail and organizational skills.
- Proficient in Microsoft Office (Word, Excel, Outlook) and loan origination systems.
- Ability to manage multiple transactions and deadlines.
- Excellent verbal and written communication skills.
- Knowledge of legal and regulatory documentation (e.g., promissory notes, security agreements, title policies).
- Ability to interpret borrower financials, compliance documents, and track key covenant deliverables.
- Experience working with CDFIs, nonprofit lenders, or mission-driven organizations.
- Familiarity with affordable housing, small business lending, or community development finance.
- Experience with Salesforce, risk rating systems, or borrower compliance tracking is a plus.
HPN is a remote company. Employees may work from anywhere in the contiguous 48 states while staying fully engaged with their team and the broader company through virtual collaboration tools and regular online meetings. Occasional travel is required for in-person meetings, conferences, or team-building events to foster strong relationships and ensure alignment with key…
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