Analyst/Associate, REO Accounting & Operations

2 – 5 Years

Position: Analyst/Associate, REO Accounting & Operations
Division: Loan Asset Management
Location: Dallas, Texas
Reporting to: Managing Director

Summary
ACORE CAPITAL, a rapidly growing investment advisory firm, is seeking a highly motivated Analyst/Associate to join our expanding Asset Management team. This position will support both the REO team and the Asset Management Operations team, offering exposure to a wide range of asset-level and operational responsibilities. The ideal candidate will bring experience in commercial loan servicing, real estate operations, and property accounting. This is an in-office role based in Dallas, Texas, reporting directly to the Managing Director of Asset Management.

Responsibilities

• REO Accounting
• Assist in the proactive monitoring and management of a portfolio of REO assets, across all property types (office, industrial, hotel, retail, & multi-family)
• Work on initial REO checklist including, but not limited to;
  • Initiate Servicer Direction letters coordinate cash management and deposit account closings
  • Facilitate property manager accounting setup including beginning balances, first month transactions and cash reconciliation
  • Letter of Credit transfers from previous borrower as required
• Analyze monthly property level financials: Income Statement, Balance Sheet, General, A/P, and A/R ledgers
• Annual operating and capital budget reviews
• Review annual CAM reconciliations
• Review funding requests from property managers and/or vendors, setup wires, notify accounting of fundings
• Facilitate REO investor reporting requirements; receipt and delivery to investors, facilitate responses to ad hoc questions
• Ad hoc requests from Asset Managers including Transfer Tax Calculations and Surety Bonds
• Assist with audit requests
• Operations
  • Prepare annual guarantor net worth and liquidity calculations for Asset Managers review/approval
  • Prepare tax and insurance escrow analysis as requested by Asset Managers.
  • Assist with audit requests
  • Work collaboratively with Team Leads,  Asset Managers, Accounting and Loan Servicers
• This is not a comprehensive list of activities, duties or responsibilities which may change over time as company needs evolve.

Skills

• Bachelor’s degree in Accounting, Finance, Real Estate, related field(s), or equivalent industry experience required
• Proficiency in Microsoft Office, with advanced Excel skills required
• 2-5+ years of experience in commercial real estate asset management, portfolio management, loan operations, or REO property accounting preferred. Recent graduates may be considered if they meet other key requirements
• Yardi experience preferred
• Strong analytical and problem-solving skills, including ability to proactively identify and flag concerns
• Demonstrated track record of excellence with a highly motivated, entrepreneurial, and intellectually curious mindset
• Great team player with good judgment and effective written and verbal communications skills; interacts well with teammates and external parties at all levels
• Exceptional character, personal integrity, and work ethic
• Extremely organized and detail-oriented, highly accurate; excellent time management skills; able to thrive in a dynamic environment and effectively handle multiple competing and time sensitive deadlines and priorities

Compensation: $80k-$130k depending on experience plus performance based bonus. As an equal opportunity employer, ACORE CAPITAL offers a competitive benefits package and salary/bonus commensurate with experience.

To apply: Please send your resume and cover letter to [email protected] using the subject line ‘Analyst/Associate, REO Accounting & Operations’.

About ACORE CAPITAL
ACORE CAPITAL, LP is one of the largest credit managers focused on commercial real estate lending. With offices in San Francisco, Los Angeles, Dallas, Miami, and New York, ACORE relies on and invests in exceptional talent to originate, acquire, and manage first mortgages, B-notes, mezzanine debt and preferred equity. Since inception in 2015, ACORE has quickly established itself as a reliable and trusted source of customized financing solutions at competitive rates and flexible terms. This success is an outcome of its people-first culture, proven track record and longstanding relationships. For more information, please visit www.acorecapital.com.