Associate, Loan Servicing & Accounting

Faropoint; Hoboken (NJ); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Discretionary bonus

Healthcare benefits

Unlimited PTO

401k match

Job summary

Faropoint, a leading pure-play RE fund manager, seeks a Senior Associate to join the Fund Finance team. You will handle day-to-day accounting and loan servicing across debt investments, including interest billing, borrower payments, and lender reporting.

The role requires strong technical accounting, accuracy, and CRE lending experience. The position offers a base salary in the $70,000-$90,000 range plus discretionary bonus, comprehensive healthcare, unlimited PTO, and a 401k match.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 2–4 years of progressive experience in accounting or loan servicing, preferably CRE/PE/lending.
• Proficiency in Excel, including complex formulas, lookups, and financial modeling.
• Excellent organizational skills and 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.

Responsibilities

• Loan Servicing & Billing: prepare monthly interest statements, track payments, monitor delinquencies, maintain system of record, process draws/payoffs, monitor covenants.
• Fund & Entity Accounting: monthly close, journal entries for interest accruals, intercompany reconciliation, trial balances, consolidation support.
• Reporting & Compliance: prepare quarterly covenant packages, assist with audits/taxes, maintain audit trails.

Skills

Excel proficiency

Financial analysis

Organizational skills

Education

Bachelor’s degree in Accounting/Finance

Tools

Yardi

Debt Manager

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 Senior 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.