What are the responsibilities and job description for the Real Estate Loans - Paralegal position at Columbia Threadneedle Investments?
About Our Company
Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses.
We're intentionally built to help you succeed. Our reach is expansive with a Columbia Threadneedle Investments global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses — Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.
Job Description
The Real Estate Loan Investments (RELI) team at Columbia Threadneedle Investments is looking for a Paralegal to provide legal support for complex commercial real estate lending transactions. This role is responsible for preparing and maintaining loan documentation and coordinating the resolution of legal issues with RELI staff, mortgage brokers, borrowers and outside legal counsel.
Key Responsibilities
Prepare complex legal documentation for commercial real estate mortgage loans e.g., applications and rate lock letters. Negotiate changes to applications with underwriters, mortgage bankers and borrowers and their legal counsel, and seek advice from regional counsel to resolve issues as needed. Draft and approve revisions to legal terms and maintain database.
Prepare and approve consent letters and coordinate closings for transfers/assumptions and other miscellaneous requests of existing loans.
Create and develop model loan application and closing documents to minimize lender risk. Collect, solicit and respond to feedback and provide outside counsel with current forms on an on-going basis.
Work effectively with network of outside legal counsel, business partners and commercial mortgage bankers to ensure quality and successful business and legal processes. Review and approve reports to meet industry standards, lender guidelines, and manage risk for the lender and company. Keep management informed of any potential problems or issues.
Work with RELI staff to update and implement improvements to RELI legal policies and procedures. Work with GCO on conflict waivers, litigation matters and investment guidelines and policies for life insurance companies. Act as commercial mortgage document and legal subject matter expert.
Manage special projects concerning legal issues as needed, e.g., coordinate response to requests from auditors and/or regulators; support RELI staff with problem loan events, foreclosures and REO properties. Serve as a single point of contact for mortgage loan legal issues. Adhere to commercial mortgage industry lending standards and best practices.
Required Qualifications
Bachelors degree, preferably with a degree focus in legal or finance.
Paralegal certificate from an ABA-approved program.
5-7 years experience in commercial real estate lending / servicing management.
Excellent communication, analytical and problem solving skills.
Ability to work independently with strong attention to detail.
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $93,400- $128,400 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Investment Management
Line of Business
AMINV US Asset Management
Columbia Threadneedle is a people business, and we recognise that our success is due to our talented people, who bring diversity of thought, complementary skills and capabilities. We are committed to fostering an inclusive and performance-based culture where everyone can belong, grow, contribute and realise their potential.
Columbia Threadneedle is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses.
We're intentionally built to help you succeed. Our reach is expansive with a Columbia Threadneedle Investments global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses — Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities.
Job Description
The Real Estate Loan Investments (RELI) team at Columbia Threadneedle Investments is looking for a Paralegal to provide legal support for complex commercial real estate lending transactions. This role is responsible for preparing and maintaining loan documentation and coordinating the resolution of legal issues with RELI staff, mortgage brokers, borrowers and outside legal counsel.
Key Responsibilities
Prepare complex legal documentation for commercial real estate mortgage loans e.g., applications and rate lock letters. Negotiate changes to applications with underwriters, mortgage bankers and borrowers and their legal counsel, and seek advice from regional counsel to resolve issues as needed. Draft and approve revisions to legal terms and maintain database.
Prepare and approve consent letters and coordinate closings for transfers/assumptions and other miscellaneous requests of existing loans.
Create and develop model loan application and closing documents to minimize lender risk. Collect, solicit and respond to feedback and provide outside counsel with current forms on an on-going basis.
Work effectively with network of outside legal counsel, business partners and commercial mortgage bankers to ensure quality and successful business and legal processes. Review and approve reports to meet industry standards, lender guidelines, and manage risk for the lender and company. Keep management informed of any potential problems or issues.
Work with RELI staff to update and implement improvements to RELI legal policies and procedures. Work with GCO on conflict waivers, litigation matters and investment guidelines and policies for life insurance companies. Act as commercial mortgage document and legal subject matter expert.
Manage special projects concerning legal issues as needed, e.g., coordinate response to requests from auditors and/or regulators; support RELI staff with problem loan events, foreclosures and REO properties. Serve as a single point of contact for mortgage loan legal issues. Adhere to commercial mortgage industry lending standards and best practices.
Required Qualifications
Bachelors degree, preferably with a degree focus in legal or finance.
Paralegal certificate from an ABA-approved program.
5-7 years experience in commercial real estate lending / servicing management.
Excellent communication, analytical and problem solving skills.
Ability to work independently with strong attention to detail.
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $93,400- $128,400 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Investment Management
Line of Business
AMINV US Asset Management
Columbia Threadneedle is a people business, and we recognise that our success is due to our talented people, who bring diversity of thought, complementary skills and capabilities. We are committed to fostering an inclusive and performance-based culture where everyone can belong, grow, contribute and realise their potential.
Columbia Threadneedle is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
Salary : $93,400 - $128,400