Second Avenue is recruiting a Transaction Assistant with experience in Real Estate Transactions and closings for it's Chicago, IL location.
Second Avenue is the premier platform for enabling institutions to deploy meaningful capital into single-deeded residential assets (SFR) while retaining control and valuable lines of sight into their investments over time. Second Avenues proprietary technology and exclusive relationships have allowed it to bring scale to scattered single-family investment homes, a strategy that was previously untenable as an institutional asset class. The Company provides all aspects of sourcing, acquisition, and property management services for its clients.
We offer a positive culture and professional work environment. Please see our website for additional background on our business platform - www.secondavenue.com.
Job Summary
The Transaction Associate is responsible for reviewing properties, maintaining property records, tracking transactions, and managing the process of closing on the purchase of residential properties. The person in this position will interface with title officers, attorneys, and real estate agents to facilitate the closing. The Associate will work in a tight-knit team to ensure accurate and timely closings and seamless transition of the property to the property manager and the prospective residents.
Duties and Responsibilities
- Duties focus on processes related to Real Estate Closings for Customer Acquisitions and Dispositions
- Review contracts, prepare addenda, open escrow, and manage earnest money requests.
- Manage critical deadlines to protect earnest money and ensure timely closings.
- Prepare, review, and verify closing packages including HUD-1/ settlement statements, taxes, prorations, closing costs, title policies, escrow instructions, and deeds.
- Maintain property records and track transaction timeline.
- Administer and track purchase contracts and any other documents required for acquisitions and similarly, dispositions.
- Perform centralized administrative functions in a timely and accurate manner with great attention to detail.
- Facilitate document storage on company proprietary platform.
- Participate in special projects as needed.
- Work closely with title companies or attorneys to schedule closings and prepare/maintain closing packages.
- Coordinate with buyer agents, seller agents, title companies, law firms, and other relevant parties to ensure timely and accurate execution of transactions.
- Provide Support to the Capital Markets Team with financing in the preparation of all real estate documents, title review and due diligence.
- Facilitate access to properties and provide diligence items for dispositions.
- Perform other duties as assigned.
Qualifications
- Proficient in MS Word, Excel, Adobe and Outlook, and the ability to learn other programs/software.
- Ability to work independently.
- Professional verbal and written communication skills
- Keen analytic skills, extreme attention to detail and strong ability to follow up on outstanding issues.
- Superior problem-solving abilities.
- Ability to perform basic to intermediate mathematical and accounting functions.
- Ability to multi-task and prioritize tasks in order of importance and demonstrated ability to manage multiple projects simultaneously.
- Excellent time management skills
- Ability to consistently meet deadlines.
- Detail oriented with the ability to handle high work volume.
- Flexible with responsibilities and proactively willing to assist other team members.
Education and Experience
- Minimum high school graduate required.
- 3-5 years of experience in the real estate industry, contracts or closing experience a plus.
Job Competencies
- Ability to frequently sit, squat, stand, bend, walk, view computer monitors, give and receive oral communication.
- Sense of urgency and desire to render excellent customer service.
- Solid ability to manage processes and to effectively review reports and images and take appropriate action relative to findings.
- Ability to organize workload, to prioritize activities and follow-up appropriately.
- Attention to detail and ability to communicate verbally and in writing.
Job Type
Full-Time, Salaried Non-Exempt
Benefits
Medical, Dental and Vision Insurance, Employer Paid Short and Long -Term Disability, 401k, PTO and Paid Holidays
NOTE: This job description is not intended to be an exhaustive list of all duties, responsibilities or qualifications associated with the job. Other duties may be assigned.
Second Avenue is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
