Analyst/Associate, Asset Management Full Time NEW

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’.