Paralegal

Company: New Jersey Community Capital

Location: New Brunswick, NJ

Job Function: Other


Background

New Jersey Community Capital (NJCC) is a community development financial institution with a mission to create thriving communities through strategic investments and knowledge. Fulfilling the needs and improving the quality of life of low- and moderate-income families and individuals would not be possible without our talented staff and motivating environment. NJCC embraces diversity and equal opportunity in a serious way. We are dedicated to forming a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be.

Summary

The Paralegal will be a key support on legal-related matters, filings, documents, and transactions, including review of closing documents, legal research, monitoring of pending litigation, preparation of memorandums, and analytics.

Responsibilities

  • Assist the General Counsel and Chief Compliance Office with reporting, tracking, research, review and digesting of loan documents, investor agreements, master agreements, operating agreements, vendor agreements, purchase and sale agreements, and grant agreements.
  • Assist with monitoring, tracking, reporting on and conferring with outside counsel on all pending litigation matters.
  • Assist with tracking, reporting on, and conferring with investors and lenders on various reporting requirements and deadlines under any given investor agreement, loan document, or grant agreement.
  • Conduct legal research on specific areas of law.
  • Assist with maintenance and updating of internal corporate governance policies and procedures, providing recommendations based on legal research and tracking.
  • Prepare and review assignments of mortgages, deeds, and discharge or cancellation of loan instruments with guidance from the Legal Department and relevant Program/Department Director or Manager.
  • Work with NJCC’s attorneys in the preparation and review of loan closing documents, loan transfer documents, and other related documents and assist with handling investor, lender, servicer, or internal requests for documentary revisions and accommodations.
  • Review sale and closing checklist and requirements to ensure all required documents/transaction items are available and/or obtained and communicate and work with lenders, servicers, attorneys and/or third-party vendors to follow-up on open items prior to any loan purchaser or sale and closing.
  • Monitor, review and assist with loan document reviews post-closing to ensure documents are properly recorded and returned to NJCC on a timely basis; review loan closing packages to make sure they are complete; bring significant discrepancies to the attention of the General Counsel and Chief Compliance Officer, as well as the Program/Department Director or Manager.
  • Create internal documentation files and scan and save all critical documents (notes, guaranties, recorded documents, etc.) to server; place critical documents in a separate file cabinet for dual safekeeping.

Requirements

  • Paralegal Certification from an ABA-approved college-level program along with a college degree or high school diploma.
  • 4+ years of experience in a similar position at a law firm or business corporation.
  • Knowledge of commercial real estate lending terminology, documentation and closing requirements.
  • Ability to read and interpret loan documents, title commitments, and title policies.
  • Ability to compose routine reports and correspondence.
  • Self-motivated with ability to work independently, exercise practical judgment, and handle multiple assignments.
  • Commitment to teamwork and ability to work collaboratively.
  • Excellent computer skills.
  • Limited travel may occasionally be required.
  • General background in finance, lending, and banking law on the lender-side is a plus.
  • Outstanding organizational and time-management skills
  • Accuracy, attention to detail, and strong proofreading skills are essential.

Compensation and Benefits

We offer a competitive nonprofit salary based on experience and skills, as well as a generous benefits package, including health, dental, disability and life insurance; 401(k) retirement plan after a year of service; flexible spending accounts, including medical, dependent care, and transportation; and 25 paid leave days, including sick and personal days plus 13 paid holidays.

How to Apply

To apply,  please submit your resume to hrnjcc@newjerseycommunitycapital.org.