What are the responsibilities and job description for the Closing Assistant position at Essential Properties Realty Trust, Inc. (NYSE: EPRT)?
Position Purpose
- Support Investments and Closing Team by securing detailed third-party expenses [increase accuracy of closing cost estimate and efficiency of negotiations]
- Assist with process improvement goals, including more consistent legal services and reduction in third party expenses
- Coordination and data entry related to DealPath software
- Streamlined status updates and consistent document filing
- Assist acquisition and disposition closers with administrative tasks
Scope of Duties
Acquisition - LOI Stage:
- Secure proposals/quotes from third party vendors (upload cost and party information to DealPath)
- Secure and deliver site contacts for vendors
- Work with title company to deliver customs and fee splits to Investments Team for LOIs
- Request and track legal fee quotes (upload information to DealPath)
- Assist Investment Team with compiling third party costs for C/M approvals
- Assist/draft Deal Intake Form for legal counsel
Acquisition – Due Diligence/Closing Stage:
- Secure proposals for appraisal reports
- Assist closers on getting signature pages signed and sent to title company
Acquisition - Post-Closing:
- File closing documents and third-party reports in appropriate locations and upload documents to Dealpath
- Load information into DP for post-closing follow-up
- Follow up on missing closing documents
- Track and follow up on receipt of final title policies
- Initial review of appraisal
- Appraisal- follow up for completion/certification/filing
- Yardi/TopSheet completion
Qualifications
- Bachelor’s Degree preferred
- No less than 1 year of work experience in real estate related field (commercial real estate preferred)
- Must be able to be in the office in Princeton 4 days/week
- Good oral and written communication skills
- Detail oriented and organized