CRE Underwriting Associate

Deutsche Bank • New York, NY

4d • Hybrid

About The Position

We are looking for an Associate to join the Deutsche Bank CRE Underwriting team to support the DB CRE platform in screening, sizing, structuring, underwriting and documentation of potential CMBS Conduit and SASB CRE loan opportunities for diverse asset classes across the U.S. Candidates will be exposed to the full breadth of conduit loan originations, pricing, capital markets and other activities in commercial real estate lending and securitization.

Requirements

• Bachelor's degree from an accredited institution and proven experience in CMBS loan underwriting or similar role
• Familiarity with Rating Agency CMBS criteria and underwriting methodology
• Advanced proficiency in Excel, Word, PowerPoint, and Argus, with prior Excel financial modeling experience required
• Excellent communication skills and willingness to work as part of a larger team
• Highly developed organizational and project/time-management skills, with strong attention to detail
• Demonstrated ability to work effectively with team members in diverse groups and regions, with solid work ethic and motivational level

Responsibilities

• Provide analytical and underwriting support for the screening, sizing, structuring, underwriting, and closing of CMBS conduit and SASB commercial real estate loans
• Partner closely with senior underwriters and originators to prepare comprehensive credit committee memoranda, including cash flow analysis, collateral and sponsor overview, risk assessment, and market evaluation
• Perform property site inspections and develop market and property-level assumptions, including rent, expense, cap rate, and valuation benchmarks
• Review and interpret third-party due diligence reports (appraisals, engineering, environmental, market studies) property leases, rent rolls, and historical and projected financial statements
• Support loan documentation and closing efforts by coordinating diligence items, responding to counsel and internal requests, and ensuring underwriting consistency through closing
• Assist with preparation of securitization materials, including Asset Summary Reports and date tapes, respond to investor, rating agency, and capital market inquires, and maintain underwriting discipline consistent with CMBS conduit standards and internal risk guidelines

Benefits

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility
• Generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs
• Physical, emotional, and financial wellness benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level