What are the responsibilities and job description for the Associate-Cash Control position at Trimont Real Estate Advisors LLC?
Overview:
Founded in 1988 and headquartered in Atlanta, Trimont (www.trimont.com) is a specialized global commercial real estate loan services provider and partner for lenders seeking the infrastructure and capabilities needed to make informed, effective decisions related to the deployment, management and administration of commercial real estate secured credit.
We do this with a team of 400 extraordinary Team Members who serve a global client base from offices in Atlanta, Dallas, Kansas City, London, New York and Sydney. We empower our skilled global teams by equipping them with the necessary knowledge and advanced technology, as well as fostering a culture driven by values. This approach helps our teams excel and build meaningful client relationships, while providing the highest quality service and feeling proud of the work they do.
Trimont is an innovative firm where visionary professionals come to learn, grow, and thrive with colleagues driven by curiosity and collaboration.
Learn: We believe ongoing learning is critical and are focused on providing a work environment where all team members can take ownership of their careers.
Grow: We work alongside the largest institutional lenders in the world, overseeing the most significant projects in the industry. This unique opportunity allows us to broaden our skillset and develop our abilities by tackling some of the industry's most challenging and exciting endeavors.
Thrive: Our firm is a place where ethics and excellence meet to create an experience that matches our capabilities. There are no limits to what we as team members as an organization, can achieve together.
Job Summary:
The Associate, Cash Control will be part of a high-performing team of commercial real estate cash management experts, executing monthly debt service payments through cash sweeps and direction letters and carrying out routine maintenance and reconciliation of cash management accounts.
Responsibilities:
- Oversee the cash flow for complex financing arrangements and participation deals.
- Record and update transactional data and handle the processing of client and lender payments.
- Manage cash operations including cash sweeps, direction letters, and the transfer of funds both within and outside the organization, such as advance draws or reserve disbursements.
- Draft direction letters and organize a central archive of wire transfer references for disbursements executed as per Trimont protocols.
- Establish the initial setup of the monthly cash flow distribution (waterfall/sweep) template, interpreting the relevant terms in the Loan Agreement and ensuring all associated wire instructions are collected and verified.
- Compile the monthly cash distribution, verifying its accuracy against the billing statement and reconciling all outstanding amounts.
- Evaluate and adjust monthly operating expenses as needed, integrating these adjustments into the cash flow distribution.
- Liaise with Asset Management to secure approval for the finalized cash distribution process.
Required Qualifications:
- Bachelor’s degree in a related business field (Accounting / Finance) or equivalent experience
- 1 years’ experience with Cash Management, waterfall structures and Banking
- Strong time management skills and ability to work independently
- Attention to detail and excellent organizational skills
- Intermediate working knowledge of MS Excel, Outlook, Word, and PowerPoint
- A thorough understanding of general commercial loan servicing practices and standards
- Strong communication skills, both oral and written
Strong communication skills with the ability to collaborate effectively across all functional lines of the Company’s organization.
Trimont is an equal opportunity employer, and we’re proud to support and celebrate diversity in the workplace. If you have a disability and need an accommodation or assistance with the application process and/or using our website, please contact us. We are proud to maintain a drug-free policy, ensuring that our community is a secure and productive space for all our team members.
