Real Estate Administrator

Commerce Bank   •  

Saint Louis, MO

5 - 7 years

Posted 244 days ago

This job is no longer available.

How would you like to work for a great company that offers career growth and values your skills and experience? For over 150 years, Commerce Bank has built a strong reputation as a “Super Community” bank and is recognized as an industry leader. In today's growing and competitive financial services industry, we look for creative and innovative solutions to meet the needs of our customers. To achieve our results, we recruit the best and brightest employees who ask, listen and solve to meet our customers’ needs.

Commerce Trust Company, a division of Commerce Bank, is ranked among the top 25 investment advisors in the U.S. with over $40 billion in client assets. Commerce Trust Company concentrates on serving individuals, families, business owners and institutions investment management needs through a combination of world class capabilities and resources, objective advice, customized solutions and unparalleled service.

The purpose of this position is to oversee the acceptance of, and coordinate the management of real estate properties held in Commerce Trust Company client portfolios. Provides day-to-day portfolio management decision making for a segmented specialty asset type, including, as applicable, buy, sell, or hold recommendations, asset acceptance, asset documentation and management agreement review, interpretation, and implementation; ongoing servicing including income collection and liability payment; retention; lease negotiations and sales; and compliance and risk management. Applies fiduciary administration principles to asset management situations.

Responsible for all administrative responsibilities related to the management of a portfolio of developed and undeveloped properties that may include residential, single family rental, retail, multiple tenants, commercial, and other income producing properties as well as coordinate the management of oil, gas & mineral interests and agricultural real estate through a third party outsource provider.

Must be skilled in asset appraisal techniques, real estate inspections, lease trends and alternatives, tenant selection, lease negotiations and management, market analysis, listing and purchase agreements, ongoing maintenance and/or remodeling, and title issues. Provides expert advice and counsel on asset management and/or property management.

An important function of the real estate officer is that of a gatekeeper who has the responsibility to assess risk of the Trust Company being asked to serve as fiduciary for accounts holding real estate and the impact on relationship profitability.

•College degree or equivalent experience/certification in general business, finance, real estate, accounting or management
•Five years minimum work experience
•Two to five years of experience in the sale of real estate or in a property management role
•Two to five years of experience in Trust, Banking or Investment Management in a fast-paced environment with a focus on accuracy, service and accountability to deliver results, individually and with the team.
•Excellent analytical and problem-solving skills
•Excellent communication skills, preferably in a team and multi-location environment.
•Results oriented and self motivated.
•Familiarity with business terms, trust and investment relationships and ability to interpret and summarize provisions of complex legal trust documents
•Above average knowledge of real estate laws as they pertain to the title and transfer of real property
•Working knowledge of management issues related to farming of crops, crop insurance & USDA programs
•Above average knowledge of the sale process and ability to independently negotiate the listing and sale of property
•Above average knowledge of the leasing process and ability to negotiate lease renewals and extensions
•Advanced knowledge of trust services including administration, tax and investments
•Strong skills on PC applications for word processing, spreadsheet and databases
•Knowledge of systems processing requirements for coding new accounts for desired processing results

Time Type:

Full time

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