Associate, Loan Servicing & Accounting

Job description

**About Faropoint** **Meaningful Relationships. Ownership. Curiosity. Tenacity.** Established in 2012, Faropoint is a pure play RE fund manager focusing on the last mile industrial sector. Having acquired more than 500 warehouses to date, it is the most active aggregator of warehouses in the US in the past five years. Our platform is built to harness the sector’s fragmentation, operating through 7 regional offices with 120+ employees in vertically integrated teams enhanced by proprietary AI-driven tools, while benefiting from compelling fundamentals like constrained supply growth, reshoring, and e-commerce tailwinds. **Role Summary** The Associate, Loan Servicing & Accounting will be a key member of the Fund Finance team, responsible for the day-to-day accounting and servicing operations across Faropoint's debt investment platform. This role encompasses loan-level interest billing and collections, borrower payment processing, lender reporting, and fund-level accounting for debt vehicles. The ideal candidate brings strong technical accounting skills, meticulous attention to detail, and experience with commercial real estate loans. **Key Responsibilities:** **Loan Servicing & Billing** - Prepare and review monthly interest billing statements to borrowers, including SOFR-based interest calculations - Track loan-level payment receipts, monitor collections, and follow up on delinquencies. - Maintain the loan servicing system of record, ensuring accurate loan balances, interest rate floor monitoring, maturity dates, escrow/holdback balances, and amendment terms. - Process draw requests, paydowns, and payoffs in coordination with asset management and legal. - Borrower covenant package collection and monitoring - Loan onboarding to Yardi and Debt Manager **Fund & Entity Accounting** - Perform monthly close for debt investment entities, including journal entries for interest income accruals, intercompany reconciliation, escrow balance reconciliation, and principal amount adjustments - Prepare and maintain loan-level trial balances, ensuring reconciliation across sub-ledgers and the general ledger. - Support consolidation workpapers and elimination entries for multi-entity fund structures. **Reporting & Compliance** - Prepare quarterly lender covenant compliance packages (e.g., DSCR, LTV, tangible net worth). - Assist with annual audit and tax deliverables - Maintain organized documentation on SharePoint for audit trails, loan files, and compliance records. **Process Improvement & Collaboration** - Identify opportunities to streamline loan servicing workflows, automate recurring calculations, and improve reporting accuracy. - Collaborate cross-functionally with asset management, acquisitions, legal, and external service providers (fund administrators, auditors, lenders). - Support ad hoc analysis and special projects as the debt investment platform scales. **Qualifications:** **Required** - Bachelor's degree in Accounting, Finance, or a related field. - 2-4 years of progressive experience in accounting or loan servicing, preferably in commercial real estate, private equity, or lending. - Proficiency in Excel, including complex formulas, lookups, and financial modeling. - Excellent organizational skills and the ability to manage multiple deadlines across entities. - Experience with Yardi, Debt Manager, or similar real estate / fund accounting platforms. - Familiarity with credit facility compliance reporting and borrowing base certificates. **Compensation** - This position offers a base salary in the $70,000-$90,000 range, plus discretionary bonus, competitive healthcare benefits, unlimited PTO, and a 401k match. **Equal Opportunity Employer** Faropoint is proud to be an Equal Opportunity Employer. We value diversity, and we do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, parental status, disability status, or any other status protected by local law. We believe that our work is better and our company culture is improved when we encourage, support, and respect the different skills and experiences represented within our workforce. **AI Notice to Candidates**. Faropoint Ventures LLC and its subsidiaries (the “Company”) and their recruiting vendors may use artificial intelligence and other automated tools (“AI Tools”) to parse, screen, rank, assess, and summarize resumes/CVs, applications, and interviews. No hiring or rejection decision will be made solely by automated means without meaningful human review by Company personnel, and any use of AI Tools will comply with applicable law, including anti-discrimination laws and laws governing automated employment decision tools and algorithmic decision-making. Personal information you submit will be kept confidential in accordance with our Privacy Policy and used for recruiting, hiring, and related legal, compliance, and recordkeeping purposes, including to evaluate you for employment opportunities with the Company and its affiliates.