Analyst, CRE Underwriter

SitusAMC • Los Angeles, CA

316d • $100,000 - $110,000

About The Position

SitusAMC is where the best and most passionate people come to transform our client's businesses and their own careers. Whether you're a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve. At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local - come join our team! We are looking for an Analyst level Underwriter for our client, a multi-$billion-dollar financial services institution (the “Bank”). In this role, you would support the origination, underwriting, closing and execution of commercial real estate loans for the Bank's CMBS and balance sheet programs. The loans are primarily $5-200M, 5 & 10-yr fixed rate loans secured by stabilized, cash flowing properties of all major asset classes across the US. This role provides an excellent opportunity to gain hands-on experience in commercial real estate finance, loan underwriting, and securitization. The ideal candidate will have strong analytical skills, attention to detail, and a desire to work in a fast-paced, deal-driven environment.

Requirements

• Candidate is required to have a BA/BS, ideally in commercial real estate finance, finance or similar
• At least 1-2 years of experience underwriting commercial real estate loans at a bank, insurance company, debt fund, brokerage, investment management company or similar; specific focus on CMBS a plus
• Strong work ethic with a solutions-driven approach to working through issues or challenges
• Excellent communication, organizational and interpersonal skills
• Desire to work among a diverse team and be a supportive and collaborative colleague
• Ability to manage multiple tasks and meet tight deadlines in a high-pressure environment
• Strong attention to detail, analytical and accuracy skills

Responsibilities

• Participate in initial loan sizing, collaborating with origination and capital markets teams
• Lead the collection and initial review/analysis of diligence materials, including borrower financials, rent rolls, operating statements, third party reports, and market data to help assess riskiness of loan opportunities
• Support senior underwriters by preparing preliminary loan analyses, credit memos, and deal summaries, including identification of deal strengths and risks with associated mitigants
• Assist in structuring loans based on risk assessment and credit guidelines
• Conduct research on real estate markets, property types, and economic trends to support underwriting decisions
• Analyze comparable transactions, properties, market rents, etc.
• Complete site inspections and detailed market analysis, including broker interviews and discussions with property management
• Review third party reports (appraisal, engineering, environmental, etc.) and identify key issues that warrant further investigation and/or revision
• Collaborate with appraisal review group to discuss specific appraisal methodology and ensure that the assumptions used in the appraisal are well-supported
• Assess borrower's credit worthiness by reviewing financial statements, credit reports, and media searches
• Evaluate major/single tenant performance or financial condition
• Work with originators, capital markets team, legal, rating agencies, and b-buyers to help facilitate deal closings
• Track loan pipeline and transaction milestones, updates, and open items on daily basis
• Participate in presentations and discussions with syndication partners, investors and rating agencies regarding any concerns related to loan structure, sponsorship, legal, property, market, and underwriting

Benefits

• Annual compensation reviews
• Retirement benefits
• Education allowance program
• Matching gifts program
• Employee referral bonus programs
• Competitive vacation policies, holidays & other paid leaves
• Family-friendly leave policies, including maternity, paternity & other family situations
• Employee wellness platform
• Employee assistance program
• Employee discount program
• Commuter benefits & travel assistance
• Volunteer program
• Robust medical & other insurance plans
• Personal & family wellness benefits
• Savings programs & discounts for health expenses
• Disability, accident & life insurance

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Real Estate
• Education Level: Bachelor's degree