Senior Director, Underwriting

Trimont•Dallas, TX

27d

About The Position

The Senior Director on the team will play a pivotal role in delivering exceptional, detail-focused service alongside team members. This role involves generating timely and precise analytical information to bolster both the Underwriting and Asset Management (AM) platforms, covering an array of capital structures (including debt and equity) and property types (such as office, retail, industrial, multifamily, self-storage, student housing, and hospitality). Interaction with client representatives and Trimont team members is a key part of the job, requiring excellent interpersonal skills and a professional, urgent approach to communication. The successful candidate will not only flourish in a team setting but also demonstrate the independence and initiative necessary for solo achievements, including the confidence to seek clarity on complex issues or tasks.

Requirements

Bachelor’s degree in real estate, finance, accounting, or a similar field is preferred.
9+ years of prior commercial real estate underwriting experience.
Knowledgeable about commercial real estate transactions, investment analysis and loan terms.
Familiar with commercial real estate valuation methods and principles for all property types
Ability to effectively evaluate credit risk based on loan sizing and cash flow and valuation trend analysis
Understanding of borrower and deal capitalization structures including mezz and preferred equity
Ability to effectively explain the underwriting analysis to the client and other key stakeholders.
Capable of managing tasks efficiently and adhering to deadlines.
Demonstrated high level of proficiency in Microsoft Excel.
Proficiency in Microsoft Word and Outlook.

Nice To Haves

Proficiency in applications such as CoStar, Trepp and Smith Travel Research (STR) reporting, and Argus Enterprise software a plus.
Experience with underwriting software and technology.
Proficiency in financial modeling and risk assessment tools.

Responsibilities

Participate in the quarterly re-underwriting of cashflows and valuations of the client’s performing and non-performing portfolio of real estate assets in cooperation with the assigned asset managers and underwriting team members.
Assist with the ad hoc re-underwriting of certain real estate assets as needed for Collateralized Loan Obligation contributions and/or reinvestments, rating agency inquiries or as necessary for other key stakeholders.
Refine and enhance the existing underwriting models being used for valuation and cash flow projections of the client’s performing and non-performing portfolio of real estate assets.
Produce new excel model’s from scratch as needed to support both debt and equity investments. Model’s to include cash flow assumptions, debt/equity waterfalls, asset sales assumption modeling, etc.
Updated valuation of assets based on comparables support, market feedback/discussions, understanding of Direct Capitalization Rate and Discounted Cash Flow/Reversion methodology’s
Provide ongoing support for the existing underwriting guidelines that govern the underwriting approach for each of the client’s real estate assets.
Run Argus audits and scenarios on existing performing and non-performing office/industrial assets.
Provide support on initial deal screening of new origination opportunities including underwriting and valuation of assets similar to those in the existing portfolio
Research market and submarket conditions for updating asset cash flows and valuations on a quarterly basis.
Perform detailed quantitative analysis, including comparisons of budgeted, actual, and forecasted cash flows.
Conduct market research to gather sale comparables and assumptions needed for accurate valuations.
Engage with third party appraisers and ability to review and challenge the findings
Oversee and ensure adherence to quality standards and procedures, identifying and addressing any discrepancies to maintain the highest level of product or service excellence.
Foster a collaborative and supportive team environment, promoting knowledge sharing and continuous improvement.
Stay updated with industry trends and advancements to continuously enhance team performance and service delivery.
Presentation to both internal team members and client teams on work product conclusions and findings
Some limited travel on a quarterly basis