Closing Associate - Irvine, United States - Costar Group, Inc.

Description

Closing Associate

Job Description

CoStar Group (NASDAQ: CSGP) is a leading global provider of commercial and residential real estate information, analytics, and online marketplaces. Included in the S&P 500 Index and the NASDAQ 100, CoStar Group is on a mission to digitize the world's real estate, empowering all people to discover properties, insights and connections that improve their businesses and lives.

We have been living and breathing the world of real estate information and online marketplaces for over 35 years, giving us the perspective to create truly unique and valuable offerings to our customers. We've continually refined, transformed and perfected our approach to our business, creating a language that has become standard in our industry, for our customers, and even our competitors. We continue that effort today and are always working to improve and drive innovation. This is how we deliver for our customers, our employees, and investors. By equipping the brightest minds with the best resources available, we provide an invaluable edge in real estate.

Ten-X

Ten-X is the world's largest, online commercial real estate auction platform. The Ten-X platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close deals.

Learn more about Ten-X.

Role Description:

Working directly with sellers, buyers, brokers and Ten-X cross-functional teams, the Closing Associate is responsible for delivering an efficient, scalable, and compliant process that helps our clients through all aspects of contracting/closing and title while using the Ten-X platform. The Closing Associate will maintain professional relationships with clients by preparing, reviewing, and posting updated title commitments, coordinating the execution of the appropriate purchase and sale agreement and related documents, tracking contract execution and EMD collection on auction day, and finally, to oversee the file in closing and to ensure Ten-X payment when escrow closes.

Responsibilities:

* Managing progress across Ten-X cross functional teams to ensure all assigned CRE and note sales are ready for auction in advance of deadlines

* Actively participating in seller / client meetings and taking ownership of communications regarding Ten-X's contracts and closing end-to-end process

* Reviewing seller purchase agreements or addenda for special provisions and required auction terms to ensure compatibility with the Ten-X platform

* Auditing each assigned property's Data Room and publishing the appropriate purchase agreements / addenda to the listing page in a timely manner so they can be reviewed by potential bidders prior to auction

* Analyzing title reports and coordinating with sellers and title companies to address problematic issues prior to auction Coordinating with buyers, sellers and escrow to obtain required signatures and confirmation of Earnest Money Deposit receipt by escrow
* Facilitating communication between buyers, sellers, brokers, and title/escrow companies to help resolve disputes or conflicts to ensure a smooth close of escrow
* Escalate concerns to appropriate parties with clear and concise information and details
* Problem solve and seek out new and creative solutions to internal and external issues
* Reporting polished, succinct, and complete notes on all transactions for review by senior management
* Ad hoc projects as determined by management, including but not limited to process improvement related projects, preparing and delivering presentations, and training initiatives
* Demonstrates professional behavior and teamwork, is punctual, dependable and adheres to Company policies and procedures. Works toward the success of a high performing team and best outcomes for customers

KEY BEHAVIORS / CORE VALUES

*

Leadership: Considers the "big picture" and supports broader team objectives; takes initiative to lead process improvement initiatives; drives solutions to common challenges affecting the team
* Functional / Technical Knowledge: Demonstrates an interest in learning new technical skills and developing knowledge of the commercial real estate industry; makes time to learn and improve; Seeks constructive feedback and strives for personal development
* Adaptability: Responds with solutions when faced with new demands and challenges; Works calmly under stress and pressure; Works effectively in ambiguous situations; Handles situations tactfully; Maintains a constructive, positive outlook even when plans are redirected.

* Teamwork: Makes a positive impact on company culture and team unity; Easily gains trust and support of peers; Collaborates effectively within and across departments to accomplish shared goals; Advocates for and represents the C&C Team, Ten-X and CoStar positively at all times; Contributes ideas and shares resources.

* Initiative: Identifies what needs to be done and does it before being asked or required; Often does more than is required; Takes independent action; Works hard and is goal-oriented; Pursues tasks with energy, drive, enthusiasm, and a desire to obtain results

Basic Qualifications:

* Bachelor's degree from an accredited, not-for-profit University or College.

* A track record of commitment to prior employers.

* 2+ years of real estate transaction or title / escrow experience.

* Working knowledge of real estate contracts, closing and associated due diligence documents.

* Highly collaborative and capable of working with internal and external partners to facilitate successful results.

* Ability to make quick decisions and solve problems using good judgment in a fast-paced environment.

* Polished written, verbal, and interpersonal communication skills.

* Strong organizational and records management skills.

* Research and problem-solving skills.

* Technical acumen and familiarity with all MS Office software including Word, Excel, PowerPoint, and SharePoint.

* Evidence of strong academic performance in college.

What's in it for you?

* When you join CoStar Group, you'll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.

We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training, tuition reimbursement, and an inter-office exchange program.

Our benefits package includes (but is not limited to):

* Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug

* 401(K) retirement plan with matching contributions

* Employee stock purchase plan

* Paid time off

* Tuition reimbursement

* Life, legal, and supplementary insurance

* Virtual and in person mental health counseling services for individuals and family

* Commuter and parking benefits

* On-site fitness center and/or reimbursed fitness center membership costs (location dependent), with yoga studio, Pelotons, personal training, group exercise classes

* Access to CoStar Group's Diversity, Equity, & Inclusion Employee Resource Groups

* Complimentary gourmet coffee, tea, hot chocolate, fresh fruit, and other healthy snacks

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However, please note that CoStar Group is not able to provide visa sponsorship for this position.

This position offers a base salary range of $64,300 - $109,600, based on relevant skills and experience and includes a generous benefits plan.

CoStar Group is an Equal Employment Opportunity Employer; we maintain a drug-free workplace and perform pre-employment substance abuse testing