Real Estate Debt Servicing Analyst

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

Benefits offered by this job

Healthcare benefits

Unlimited PTO

401k match

Job summary

Faropoint is seeking a Loan Servicing Analyst to join our Fund Finance team in Hoboken, NJ. You will manage day-to-day accounting and servicing operations for our debt investment platform, including interest billing, collections, borrower reporting, and fund-level accounting for debt vehicles.

This role requires solid accounting skills, attention to detail, and experience with commercial real estate loans. You will collaborate with asset management, acquisitions, legal, and external service

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 1–3 years of progressive accounting or loan servicing experience.
• Proficient in Excel with complex formulas, lookups, and financial modeling.
• Experience with Yardi, Debt Manager, or similar real estate / fund accounting platforms.
• Familiarity with credit facility compliance reporting and borrowing base certificates.

Responsibilities

• 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.
• 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.
• 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.
• 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.

Skills

Excel advanced

Financial modeling

Organizational skills

Attention to detail

Education

Bachelor's degree in Accounting/Finance

Tools

Yardi

Debt Manager

Job description

Faropoint is seeking a Loan Servicing Analyst to join our Fund Finance team in Hoboken, NJ. You will manage day-to-day accounting and servicing operations for our debt investment platform, including interest billing, collections, borrower reporting, and fund-level accounting for debt vehicles.

This role requires solid accounting skills, attention to detail, and experience with commercial real estate loans. You will collaborate with asset management, acquisitions, legal, and external service