What are the responsibilities and job description for the Associate, Transaction and Processing CRE Tax position at Trimont?
Overview:
Founded in 1988, Trimont (www.trimont.com) is a specialized global commercial real estate loan services provider and partner for lenders and investors seeking the infrastructure and capabilities needed to help them scale their business and make informed, effective decisions related to the deployment, management and administration of commercial real estate secured credit. As the largest master servicer of commercial real estate loans in the United States, Trimont manages securitizations with meticulous oversight and coordination—protecting cash flows, mitigating risk, and ensuring portfolio performance.
We do this with a team of 1100 extraordinary team members who serve a global client base from offices in Atlanta (headquarters), Bengaluru, Charlotte, Dallas, Hyderabad, Kansas City, London, New York and Sydney. We empower our people with advanced technology, industry-leading knowledge, and a culture centered on our core values. This approach enables our teams to deliver exceptional client service, build lasting relationships and take pride in the high-quality work they perform.
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 and as an organization, can achieve together.
Where people, purpose, and progress come together every day.
Job Summary:
The Associate, Transaction and Processing is tasked with overseeing and maintaining the status of real estate taxes, ensuring that such taxes are paid within the required timeframes. The role includes the preparation of escrow analysis and payment of commercial real estate taxes. Additionally, the associate will be responsible for reviewing various ad hoc reports concerning real estate taxes as required.
Responsibilities:
- Responsible for the initial review of newly on-boarded loans for upcoming taxes.
- Process requests for tax payment disbursements and record all tax payments accurately.
- Collaborate with the Asset Manager to address any escrow shortfalls that may affect tax payments.
- Create communications pertaining to tax disbursements.
- Determine monthly tax obligations based on received data.
- Perform annual escrow account analyses and ensure follow-up on tax payments for non-escrowed loans.
- Ensure follow-up to confirm payment of taxes for loans not covered by an escrow account.
- Regularly update comments for discussion in monthly Critical Date Meetings.
- Participate in required training to maintain compliance with regulatory and company standards.
- Update collateral information in the system of record as needed.
- Manage, prepare, and process borrower refunds resulting from escrow surpluses or reimbursements.
Required Qualifications:
- BA degree required
- 1 years of relevant experience in commercial real estate, with a clear understanding of different property types, as well as tax processing and monitoring practices
- Demonstrated capacity to achieve results in a dynamic setting.
- Organizational and administrative skills that reflect attention to detail and the ability to prioritize amidst competing demands.
- Skilled in managing sensitive information while upholding privacy.
- Handling workload and special projects efficiently.
- Strong verbal and written communication skills
- Ability to work both independently and within a team environment.
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.