Loan Servicing Analyst
What you will do:
Review asset collection information from servicers for accuracy and alignment with system accrual; follow-up on missing payments and confirming reasonableness for any accrual breaks.
Compare credit facility lending invoices to the system of record and resolve any discrepancies with accrual prior to release of payment.
Approve and book monthly and quarterly servicer remittance information into system.
Obtain and review payoff information prior to repayments. Ensure timely repayment to the financing counterparty and receipt of net remittance, record payoff activity within the system.
Obtain approvals and prepare wire memos for borrower draws, counterparty expenses, and intercompany funds movement.
Reconcile daily cash activity to the activity recorded into system.
Attend new loan pre-close meetings with Blackstone team, review legal documentation, and fully onboard new asset and liability positions into the system.
Review complex loan modification and maturity extension documentation and record new terms in the system.
Interact directly with servicers, Blackstone asset managers, and financing counterparties.
Review and coordinate work performed by BREDS offshore operations team and integrate into Brio workflows.
Help facilitate KYC requests from servicers and financing counterparties.
Prepare monthly and quarterly investment portfolio analytics for senior management.
Participate in bi-weekly team calls and weekly investment vehicle meetings with the broader Blackstone team.
What you should have:
No visa sponsorship applicable for this role.
Bachelor’s degree in finance, accounting, real estate or related discipline required (CPA is a plus)
2-3 years of experience in public accounting, Loan Servicing, Banking, or Commercial Real Estate, or portfolio accounting for related industries
High standards and ability to meet time sensitive deadlines
A self-motivated individual with a strong work ethic and attention to detail
Proactive and personally accountable; willing to take responsibility
Adaptable and decisive; adapts to and focuses on priorities at hand
Strong written and verbal communication skills
Proficiency in MS Excel is required
Apply Now
Review asset collection information from servicers for accuracy and alignment with system accrual; follow-up on missing payments and confirming reasonableness for any accrual breaks.
Compare credit facility lending invoices to the system of record and resolve any discrepancies with accrual prior to release of payment.
Approve and book monthly and quarterly servicer remittance information into system.
Obtain and review payoff information prior to repayments. Ensure timely repayment to the financing counterparty and receipt of net remittance, record payoff activity within the system.
Obtain approvals and prepare wire memos for borrower draws, counterparty expenses, and intercompany funds movement.
Reconcile daily cash activity to the activity recorded into system.
Attend new loan pre-close meetings with Blackstone team, review legal documentation, and fully onboard new asset and liability positions into the system.
Review complex loan modification and maturity extension documentation and record new terms in the system.
Interact directly with servicers, Blackstone asset managers, and financing counterparties.
Review and coordinate work performed by BREDS offshore operations team and integrate into Brio workflows.
Help facilitate KYC requests from servicers and financing counterparties.
Prepare monthly and quarterly investment portfolio analytics for senior management.
Participate in bi-weekly team calls and weekly investment vehicle meetings with the broader Blackstone team.
What you should have:
No visa sponsorship applicable for this role.
Bachelor’s degree in finance, accounting, real estate or related discipline required (CPA is a plus)
2-3 years of experience in public accounting, Loan Servicing, Banking, or Commercial Real Estate, or portfolio accounting for related industries
High standards and ability to meet time sensitive deadlines
A self-motivated individual with a strong work ethic and attention to detail
Proactive and personally accountable; willing to take responsibility
Adaptable and decisive; adapts to and focuses on priorities at hand
Strong written and verbal communication skills
Proficiency in MS Excel is required