Commercial Real Estate Sr. Servicing Associate

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Summary

The Commercial Real Estate Sr. Servicing Associate is responsible for performing core servicing functions for CMBS and K-Deal securitizations. This role ensures accurate reconciliation of loan data and cash flows, compliance with servicing standards, and timely reporting to trustees and certificate administrators. The position requires strong analytical skills, attention to detail, and the ability to manage complex financial reconciliations while maintaining high standards of customer service.

This position is classified as a Transactional Employee (TE). Transactional Employees are assigned to work on an "as needed" or project basis. The variable nature of the transactional role cannot guarantee a 40-hour work week. Transactional employees are typically designated to work on a deal or a particular client assignment. At times, work may be reduced, and there may be occasional periods of no work. Efforts will be made to assign work, but work is entirely dependent on client needs.

Essential Functions

• Perform core servicing for CMBS/K-Deal securitizations, including loan activity reporting, P&I remittance, and post-purchase data changes.

• Reconcile monthly Loan Periodic Update and Remittance Files with cash receipts; resolve outstanding P&I and servicing advance reconciliations.

• Complete financial/accounting reconciliations, amortizations, variance analysis, and month-end close reporting.

• Monitor servicer performance and contractual compliance; resolve discrepancies promptly.

• Oversee cash flow management and operational/financial risk mitigation.

• Conduct quality reviews and document results to ensure accuracy and compliance.

• Report and remit funds accurately and on time to Certificate Administrators/Trustees.

• Support Freddie Mac team in resolving reconciliations and servicing issues.

• Deliver investor reporting while ensuring customer satisfaction.

• Assist in developing and delivering Master Servicing training programs.

• Conduct comprehensive QC work on portfolios to ensure accuracy, completeness, and compliance with organizational standards.

• Serve as the primary point of contact between internal teams, external stakeholders, and clients to ensure clear communication and alignment on project objectives.

• Acts as CRM and manages client expectations, deadlines for reporting, and daily workflow

• Oversee monthly reporting to support business decisions and performance tracking

• Complete data remediation in Enterprise!, the system of record for Master Servicing.

• Perform other related duties as assigned.

Essential Knowledge, Skills, & Abilities

• Strong understanding of securitization processes and investor reporting requirements.

• Proficiency in financial reconciliation and risk management practices.

• Excellent verbal and written communication skills.

• Strong analytical and problem-solving skills.

• Ability to prioritize multiple objectives to meet client deadlines and department goals.

• Ability to work independently in a fast-paced, metrics driven environment.

• Advanced knowledge of Microsoft Office Suite, including Word, Excel, and PowerPoint.

• Detail-oriented with strong organizational skills.

• Commitment and ability to cultivate a diverse and inclusive work environment.

Education

• Bachelor's degree in Finance, Accounting, Business, or related field or equivalent combination of experience and education.

Experience

• 5+ years of experience in master servicing, CMBS, or structured finance required.

• Financial systems experience (Enterprise! or similar).

Compensation and Benefits

• Covius offers an extensive benefits package for all employees, including medical, dental, vision and 401(k)!

• Compensation: $55.00 - $75.00 / hour

Application Guidelines:

For best consideration, please submit your resume and application materials by ___________. Review of applications will begin immediately.

Working Conditions

Work is performed in a climate controlled indoor administrative office setting. The noise level in the work environment is usually quiet to moderate, depending upon the office or meeting location.

Physical Demands and Activities

While performing the duties of this job, the employee is frequently required to communicate. The employee frequently is required to remain stationary. The employee is occasionally required to move about the office, operate a computer and other office machinery, such as calculator, copy machine, and computer printer; occasionally position self to maintain files; rarely moves boxes weighing up to 30 lbs. Close and distance observation required with ability to observe objects at close range in presence of glare or bright lighting (e.g., computer screen). Must possess the ability to communicate information and ideas so others will understand and have the ability to interact with external and internal stakeholders.

Covius is committed to equal opportunity in all employment practices to all qualified applicants and employees without regard to race, color, religion, gender, gender identity, age, national origin, pregnancy, disability, genetics, marital status, military or veteran status or any other protected category as established by local, state, and federal law. This policy applies to all aspects of the employment relationship including recruitment and hiring, placement, promotion, transfer, compensation, disciplinary action, layoff, leaves of absence, training, and termination. All such employment decisions will be made without unlawful discrimination based on any prohibited basis.

The essential functions, working conditions and physical demands described above are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

Please note that all job descriptions are not intended to be all-inclusive. This job description is not designed to cover all activities, duties or responsibilities that are required of the employee for this job. Employees may be required to perform other duties at any time with or without notice to meet the ongoing needs of the organization.

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!