Position Overview:
This role will provide support in the delivery of due diligence and real estate analysis for CMBS, agency multifamily, securitization and other commercial real estate loan underwriting and debt consulting services. This role manages multiple transactions with multiple clients under tight timelines.
Essential Job Functions:
- Perform all aspects of the due diligence and underwriting process for commercial real estate loans including analyzing property level data and guarantor financial statements, and reviewing and approving appraisals, property condition assessments and environmental reports
- Perform site inspections, determine appropriate market comparables for property valuation and asset summary reports, and complete tenant analyses
- Identify risks and potential mitigants for property related issues
- Research, analyze and summarize market and submarket information including inventory, absorption, new/proposed development, and rent and vacancy trends
- Prepare final underwriting and credit approval memoranda and present loans for internal credit approval process
- Manage all aspects of the structuring, legal documentation and closing of approved loans with clients, co-lenders (for a combination of syndicated loans and loans with subordinate debt), the internal team and outside counsel
- Independently manage interactions and underwriting assignments directly with Clients
- Interface with credit rating agencies and institutional investor groups
- Manage and/or mentor senior and junior underwriters and analysts to expand their skills sets and expertise in commercial real estate
- Manage CRE advisory projects (non-underwriting assignments) with existing and new clients, which may be in conjunction with other business lines
- Such other activities as may be assigned by your manager
Qualifications/ Requirements:
- Bachelor’s degree, or equivalent combination of education and experience
- Preferred fields of study include Accounting, Finance, Real Estate, and Business
- 3-7 years’ experience in real estate related or financial services industry, such as appraisal, brokerage, or banking primarily focused on commercial properties strongly preferred
- Minimum 3-5 years’ experience underwriting agency multifamily, CMBS, agency multifamily or CRE balance sheet loans or securitization strongly preferred
- Comprehensive knowledge and understanding of commercial real estate, due diligence process, commercial lending policies, securitization and credit and risk management policies
- Full understanding of property sectors (office, retail, industrial, hotel, multifamily) and their different investment characteristics and an ability to see the "big picture" in commercial real estate and capital markets finance transactions
- Proficient in Argus
- Excellent Excel and cash flow modeling skills
- Strong business writing skills
- Strong communication skills
- Understanding of deal pricing and profitability that contributes to the financial success of CAD and the firm
- Proven ability to lead and manage multiple teams and projects
Special Requirements:
- The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment.
Working Conditions:
- Office environment with frequent computer use
- Sitting for long periods of time
- Hearing, talking, reaching, grasping, standing, and repetitive motions
- Depending on deal flow, this position may require long work days and weekend work as needed
Note: This job description is not intended to be all inclusive or exclusive. At any time, employee may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings.
Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
About SitusAMC
SitusAMC is the leading provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors, across the life cycle of commercial and residential real estate debt and equity. The firm employs more than 3,300 employees with offices in 27 markets across the U.S., Europe and APAC.
SitusAMC brings together the industry’s top talent, unparalleled platform and innovative technologies to help clients optimize returns, identify risk, transform processes and infrastructure, and ultimately, realize opportunities in their businesses.
We are an equal opportunity employer (m/f/d/v).
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