Our client is the Commercial Real Estate Finance group within the investment bank of a premier European-based global financial services institution located in New York City. Their real estate group is consistently ranked among the top-10 global and US real estate lenders, and they consistently look to grow their platform and expand into new products.
Analyst - Large Loan Underwriting
We have an opportunity for a high-performing AVP underwriter to join the Large Loan team with group. The team originates $multi-million / $billion+ loans for securitization/syndication and supports underwriting for the recently established balance sheet program.
Essential Job Functions:
- Support large loan originators with the sizing, underwriting/due diligence, closing and execution of large loan transactions across various geographies and asset types
- Responsibilities include both CMBS and balance sheet loans
- Prepare sizing cashflow and, estimated capital stacks for pricing and quoting large loans and for purposes of preliminary credit approval
- Recommend structural loan features to enhance credit and mitigate risk
- Prepare all necessary components of the credit package, including due diligence material, credit memo/Asset Summary Report and underwriting
- Complete site inspections and detailed market analysis, including broker interviews and discussions with property management and ownership
- Analyze detailed property financial information
- Create and/or review existing Argus cash flow models; edit assumptions based on actual market data collections and financial review information
- Review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
- Participate in presentations and discussions with clients, mortgage brokers, loan syndication partners, rating agencies, B buyers and mezz lenders regarding loan structure, sponsorship, legal, property, market, pricing, and underwriting issues
- Assist Capital Markets team to ensure the successful execution/exit of loans, including coordination with rating agencies, investors, and securitization functions
Qualifications/Requirements:
- Bachelor’s degree from an accredited institution
- 2-4 years’ experience in CMBS and/or balance sheet loan underwriting
- Excellent communication skills, willingness to work as part of a larger team
- Strong financial modelling / excel skills
The annual full time base salary range for this role is ($100,000 - $125,000). Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
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