SitusAMC ยท 8 hours ago
Special Servicing Intern- Summer 2025
New York, NY
Internship
Hybrid
Intern
$20/hr - $25/hrSitusAMC is a company dedicated to transforming client businesses and fostering career growth within the Real Estate Industry. The Special Servicing Intern will provide support to the Special Servicing team through tasks such as analyzing financials, updating loan information, and communicating with various stakeholders to ensure client satisfaction and achieve departmental goals.
Financial ServicesOutsourcing
Responsibilities
Collect, review, and analyze property, borrower, and guarantor financials
Update and monitor loan specific information in the loan servicing system
Assist Asset Managers with collection of loan documents, reviewing monthly waterfalls and producing monthly and quarterly reports
Communicate with Borrowers, Lenders/Investors and Sponsors as directed by Asset Managers to obtain loan balances, supporting documentation and property updates for capital expenditure projects, leasing activity, construction status, condo sales, etc
Prepare and submit correspondence letters to Asset Managers for review including general correspondence, delinquency letters and non-compliant letters
Reconcile and review various reports including billing statements, release statements, payoff statements, remittance reports, quarterly asset reports as required to ensure Situs high standards are achieved in terms of quality, accuracy, and completeness
Such other activities as may be assigned by your manager
Qualification
Required
Pursuing Bachelor's degree in Real Estate, Finance/Accounting, Business or equivalent level of education or experience
Entry-level support staff with no prior relevant experience
Basic understanding of real estate finance including debt and equity structures
Understand and analyze balance sheets and income statements
Knowledge and familiarity with underwriting and/or asset management of commercial real estate debt
Understanding of 3rd party reports including appraisals, property condition reports and environmental reports
Understanding of property operating statements for all commercial property types (e.g. hotel, office, multifamily, and self-storage)
Analytical skills to understand complex commercial loan documents and borrower financial statements
Strong organizational and time management skills
Excellent reading, writing and comprehension skills
Manage multiple priorities and meet multiple deadlines
Remote working at home likely, dependent on location
Benefits
PTO and paid holidays
Medical, dental, vision, life, disability insurance
401K
Company
SitusAMC
SitusAMC provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors.
Founded in 1985
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
PSP Investments
2020-04-02Private Equity
Leadership Team
Michael Franco
Chief Executive Officer
Andrew Smith
Director, Strategic Planning
Recent News
2025-11-27
2025-11-27
2025-11-27
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