Attorney- Commercial Mortgage Loans
Location: Birmingham, Alabama
Description: Protective Life Corporation is currently interviewing Attorney- Commercial Mortgage Loans right now, this career will be depute in Alabama. For detail informations about this career opportunity please read the description below. Job Description Job Title: Attorney - Commercial Mortgage Loans Basic Purpose and Objective of the Position - Stated Briefly: This position is a pr! ofessional officer position for a licensed attorney with substantial legal experience in the areas relevant to commercial mortgage loans. This position is accountable for providing and managing the legal support required for the Company's investments: legal review/drafting of loan commitments; closing of new mortgage loans; compliance with regulatory requirements; and ongoing legal administration of the investment portfolio. The incumbent must have substantial experience (e.g. 5 years+) in commercial real estate lending and/or private practice of law with a specialty in same. The incumbent must have a commitment to quality and customer service which is vital to maintaining and nurturing continuing customer relationships. Responsibilities: (Use action verbs, describe in descending order of percentage of time spent on each) Percent 50 % 1. New Mortgage Loan Closings. Ensure the Company's mortgage loan investments are safeguarded through the preparation, review, analysis, nego! tiation and modification of the legal documents securing its i! nvestments. Perform all legal work associated with the closing of the Company's commercial mortgage loans including: drafting, negotiation and review of loan commitments, loan documents and other legal documents; review title commitments, survey and title policies for property serving as collateral; review due diligence materials to insure compliance with loan commitment requirements; and coordinate with outside counsel in all aspects of closing the Company's loan commitments for commercial mortgage loans. 30% 2. Portfolio Maintenance. Ensure proper maintenance of the Company's loan portfolio by providing timely legal documentation of changes to portfolio loans or the properties securing them (e.g. partial releases, consents to easements, replatting, loan modifications and loan assumptions). 10 % 3. Legal Advisor. Support and facilitate the decision-making process in the Investment Department. Act as legal advisor to the department. Assist and advise in development of polic! ies and procedures to respond to regulatory and legislative requirements imposed as the Company and its investments. 5 % 4. Manager. Manage and train one or more legal support staff (i.e. legal secretaries, legal assistants and paralegals). 5 % 5. Other Job Duties as assigned by senior management. Quantitative Dimensions: Number of persons directly and indirectly supervised: One (1) Non-Exempt legal secretary Mortgage portfolio (company): $4.8 billion Annual Closings (company): $400 - $800 million Knowledge/Experience/Education/Training: This position requires 4-8 years of experience as an attorney with negotiating and legal drafting skills equivalent to a partner at a major law firm. A breadth of industry knowledge and contacts (both legal and business) are essential. Abilities: The incumbent will need meticulous attention to detail and negotiating stamina to protect and ensure the quality of the Company's investments, but must couple those abilities with an attitude of bu! ilding positive customer experiences and relationships. Contact with ot! hers: Must have strong negotiating skills coupled with a firm commitment to customer service and development of long-term business relationships. At least 50% of the incumbent's time is spent in communication with outside customers, mortgage banker and brokers and counsel for the parties to the mortgage transactions. Major challenges/Problem solving: The incumbent must be proactive and creative in finding legal solutions for the business and competitive needs of the Company, particularly relating to creative investment opportunities (e.g the participating loan program, loan pools, new real estate ownership and lending models).
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If you were eligible to this career, please send us your resume, with salary requirements and a resume to Protective Life Corporation.
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This career will be opened on: Tue, 21 May 2013 10:40:34 GMT
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