CRE Loan Servicing Bookkeeper

Commercial Property Assessed Clean Energy (“C-PACE”) financing is a tool used by
property owners and developers to finance energy efficiency, renewable energy, and
resiliency measures incurred to improve commercial property.

Founded in 2017, PACE Loan Group (PLG) is a leading national direct C-PACE lender. With an industry-leading balance sheet PLG is focused on originating and servicing C-PACE loans nationwide. We are on the ground floor of something big - and we want you to be a part of it.

We are adding a CRE Construction Draw Specialist to our team. This position can be located in any of our offices (Minneapolis, Grand Rapids, MN, San Diego, Chicago, New York), or remote. We are a small company, so you will immediately have an impact on the growth of our team. You will learn from seasoned commercial real estate finance veterans while working in a growing field.

Your day-to-day responsibilities will vary, but primarilly will be focused on construction draw requests, insurance tracking, and other C-PACE loan/asset management tasks.

If you have a drive to learn and work hard, and enjoy a small, growing environment, this is the role for you!

Key Responsibilities and Duties:

• Critically reviewing and processing construction loan draw requests and balancing escrow accounts

• Reviewing lien waivers for appropriateness and accuracy, and requesting further information when necessary

• Ensuring that we are funding appropriately, according to the applicable PACE statute

• Ensuring post-closing files are complete with updates on construction (i.e. progress photos, property financials, etc.)

• Following up on trailing documents from loan closings (i.e. certificates of occupancy)

• At close, reviewing and inputting loan information into servicing systems and files

• Reviewing and filing insurance cancellations and following up with clients to ensure proper insurance is maintained

• Troubleshooting questions from PACE Program Administrators regarding existing assets (such as post-closing commissioning confirmation)

• Assistance with monitoring of existing portfolio and ensuring payments remitted on time and, where applicable, assisting with early payoffs

• Reviewing applicable states’ property tax bills to ensure borrowers paid PACE special assessments

• Other tasks as needed

Qualified Applicants have/are:

•  At least 1 year of experience with commercial construction draws/lien waivers

• Extremely detail-oriented with demonstrated ability to follow through on tasks

• Curious, with a problem-solving attitude (identify issues, but also suggest solutions)

• Ability to manage several projects through the use of checklists and timelines. Research skills

• Moderate Excel skills

• Ability to work in a fast-paced environment while delivering accurate and quality work-product

We're proud to be an equal opportunity employer and welcome our employees’ differences, regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or Veteran status. Difference makes us better. Join us.

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