Assistant Vice President, CML Underwriting

Corebridge Financial•New York, NY

1d•Hybrid

About The Position

At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow. We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life: We are stronger as one: We collaborate across the enterprise, scale what works and act decisively for our customers and partners. We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders. We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future. We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work. You will be working on the underwriting team, which is part of the Commercial Mortgage Group. You will report to the Head of Underwriting. The team works on all types of property types and originates loans that are performing, transitional, bridge and construction.

Requirements

BA/BS required and an advanced degree a plus.
Robust analytical skills are necessary.
4-7 years of related commercial real estate experience.
Strong organizational, leadership, communication, and quantitative skills.
Expertise in market research, financial statement analysis, and strong written and verbal communication skills.

Responsibilities

Understands multiple types of transactions including whole loans, syndicated loans, and CMBS, with deals sizes that vary significantly from $30 million to $500 million.
Able to work on complicated transactions independently and with a team.
Able to Asset Manage Commercial Real Estate loans
Portfolio Management experience in Commercial Real Estate
Uses leadership skills to work with underwriters, originators, closers and legal to complete a transaction
Work with key stakeholders in different departments including Investment Credit and Enterprise Risk Management
Understanding of macro-economic trends and real estate investment fundamentals
Expertise with third party reports including: appraisals, engineering reports as well as understand environmental assessments, zoning letters, credit reports, background checks, credit references, and legal documents.
Experience in multiple markets, research, lending market trends, and real estate market movements.
Present and explain a deal to others in credit committee using a written memo and verbal communication
Evaluate deals, develop underwriting assumptions, and review property-level documents.
Communicate with brokers, agents, and principals to complete strategic research projects and analysis to validate underwriting assumptions
Perform site inspections and summarize findings in writing for loans and syndications
Research comparable properties to determine competitive amenities, rents and sales prices using CoStar, Reis, and Bloomberg
Perform advanced valuation and work with other team members using cash flow analysis with Argus and excel