Careers
Become part of the Directed Capital Team
We are growing
Directed Capital strategically acquires, originates, and manages commercial loans in the $1 million to $25 million range. The use of private equity affords the flexibility to move quickly and seize opportunities as they arise. If you are interested in a stimulating, fastpaced career in real estate finance, Directed Capital is seeking talented, motivated individuals. Our team is led by highly experienced management and includes a blend of experienced professionals, recent graduates and student interns. Career opportunities include asset production and management, accounting and finance, loan operations and administration.
Currently Hiring
Staff Accountant/Accounting Analyst
We are currently seeking a Staff Accountant to join our corporate headquarters in St. Petersburg, FL to support the accounting function. The role will focus on ensuring the integrity of activity associated with our commercial real estate and related general ledger accounting. This position will require effective communication both within and outside the company. This is a dynamic position that can offer the right candidate a rewarding future and growth opportunities within the company. The successful candidate will use their specialized knowledge and skill obtained through education and experience to audit, book,
analyze, administer, and reconcile activity related to the company’s commercial real estate portfolio. Frequent trouble-shooting of issues, requiring evaluation, originality, and critical thinking skills to apply the appropriate procedures, processes and techniques.
Responsibilities
- Post borrower payments daily to the accounting system and lender borrowing base. Update supporting reconciliation spreadsheets.
- Maintain general ledger by preparing and recording asset, liability, revenue, and expense entries by compiling and analyzing account information; prepare reconciling entries.
- Set up monthly and quarterly ACH payments.
- Prepare loan data tapes and summary of assets monthly.
- Perform bank reconciliations monthly.
- Prepare monthly lender borrowing bases and monthly and quarterly lender compliance certificates.
- Update budgets monthly.
- Prepare quarterly analytics for investor reporting and annual investor statements.
- Responsible for preparing, maintaining and analytics on financial statements for owned real estate entities.
- Assist with annual corporate insurance renewal by analyzing financial statements and loan portfolios.
- Prepare quarterly financial statement package for Senior Management.
- Participate in & contribute to monthly financial statement meetings and accounting meetings.
- Work with the accounting team to prepare and report on monthly financial statements.
- Works with teammates to ensure activity is properly recorded in the sub-ledger system.
- Liaison between accounting & loan servicing teams.
- Maintains and balances accounts by performing monthly account reconciliations and resolving discrepancies.
- Responds to special assignments or reporting requests and prepares special reports as requested by management.
- Prepares supporting work papers for external audits by analyzing and scheduling general ledger accounts; provides information to auditors.
- Protects the organization’s value by keeping information confidential.
- Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; and participating in professional organizations.
- Contributes to team projects.
- Assists with the development, documentation, implementation, and maintenance of policies and procedures.
- Performs other duties and responsibilities as assigned.
Knowledge Skills and Abilities
- Experience posting monthly journal entries & performing reconciliations.
- Resolving unusual transactions and accounting discrepancies.
- Ability to work independently, organizing, managing, and tracking multiple detailed tasks and assignments with frequently changing priorities in a fast-paced, deadline-driven, work environment.
- Ability to communicate verbally and in writing.
- Provide superior customer service.
- Work in a team environment.
- Strong work ethic and the ability to hit set deadlines.
- Proficiency with advanced features of Microsoft Office, particularly Excel.
- Ability to use and/or learn specialized software.
- Identify and recommend changes to standard procedures when required by specific situations and circumstances.
Education and Experience
- College degree in accounting or finance required.
- 1-3 years of accounting or FP&A experience, preferably in commercial real estate.
Compensation
- Salary commensurate with experience.
- Available your first day: Full medical, vision and dental insurance (Employee-only plans available at no cost to the employee)
- Company-paid short-term disability, long-term disability and life insurance.
- Medical & dependent care flex plans.
- Wellness plan benefits.
- 401k retirement savings plan with employer contribution
- Paid time off.
- Eligible for annual bonus
Commercial Loan Servicer II
We are currently seeking a Commercial Loan Servicer II to join our corporate headquarters in St. Petersburg, FL to support our loan servicing department.
Qualifications:
- Skills in reviewing and interpreting commercial loan terms, documentation and structuring
- In-depth problem-solving skills
- Advanced understanding of accounting concepts, practices and procedures
- Ability to communicate clearly, concisely and professionally both verbally and in writing
- Knowledge of multi-state commercial loan servicing practices
- Experience with loan servicing systems to perform routine tasks with little to no errors
- Ability to operate standard office equipment and use required software applications such as Excel, Microsoft Word, Outlook
- Provide high level customer service
Responsibilities:
- Under minimal supervision, uses specialized knowledge and skills obtained through education and experience to audit, evaluate, administer and service complex and sometimes distressed commercial real estate loans
- On board loans acquired from third party loan sellers and ensure the structure of the loans are in line with the applicable loan documentation
- Monitor borrower compliance with loan documentation which includes but not limited to insurance requirements, payment of taxes, financials and debt service payments
- Work closely with account officers and/or attorneys in the general servicing work out of assigned portfolios which includes but not limited to, drafting of payoff letters, loan modifications, forbearance agreements and default notices
- Knowledge of chain of title standards and the ability to prepare and record assignment transfer documentation
- Conducts frequent troubleshooting of moderate to complex issues that require evaluation, originality, and critical thinking to apply the appropriate procedures, processes and techniques
- Maintain loan file documentation
- Perform regular audits and reconciliations of loan terms, debt service payments and interest accruals
- Ability to work independently, organizing, managing and tracking multiple detailed tasks and assignments with frequently changing priorities in a fast-paced, deadline driven work environment
- Identify and recommend changes to standard procedures when required by specific situations and circumstances.
- Follow written policies and procedures
- Take ownership and hold themselves and others accountable for delivering accurate results
- Contribute to team projects and support teammates as requested
- Performs other duties and responsibilities as assigned
Education and Experience:
- Minimum of 5 years industry related experience with 3 years servicing commercial real estate loans or as may be approved by Human Resources
- Bachelors Degree (B.A.) or equivalent in Finance or Business Administration or Any equivalent combination of experience, education and/or training approved by Human Resources
- Experience working in special assets preferred
Compensation
- Salary commensurate with experience
- Company paid health, life, dental, vision, short and long-term disability insurance and other insurance available at employee’s election
- Medical & dependent care flex plans
- Paid time off
Real Estate Finance Intern
We are currently seeking an Intern to join the production team in our corporate headquarters in St. Petersburg, FL. The position will support the Asset Production and Portfolio Management group. The role will focus on pipeline administration and asset level due diligence. This position will require heavy emphasis on financial modeling using MS Excel and require effective communication within the production team.
Responsibilities:
- Gathering and evaluating economic and real estate market data
- Data entry and modeling support in the valuation of real property and loans
- Support in the development of real estate and loan valuations
- Generation of new business leads through industry research
- Respond to special assignments or reporting requests
Qualifications:
- Candidate must have or be seeking a bachelor’s degree in finance, economics, accounting, real estate or a related field. Industry experience is a plus
- Strong analytic skills and the ability to analyze qualitative and quantitative information
- Advanced computer skills, specifically Microsoft Office Suite emphasizing Excel
- Exceptional detail and organization skills
- Ability to work both independently and collaboratively
Compensation:
- Hourly pay commensurate with experience and market standard
- Workweek of 20+ hours based on availability and workflow
- Commitment through the fall semester with a potential for continued engagement beyond the term
*Interns are not eligible for employee benefits.
Excellent Benefits
Medical / Dental / Vision / FSA
401K
Short and long-term disability
Life Insurance
Paid vacation and holidays
Equity potential for production and management