Specialist I, CRE

SitusAMC

13d•$25 - $25•Remote

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! This role is responsible for the delivery of real estate analysis, CMBS and other commercial real estate loan underwriting and debt consulting services. This role manages multiple transactions with multiple clients under tight timelines and may hold “player-coach” or direct supervisory responsibilities. This position will also require subject matter expertise related to work products under management and ability to complete quality control and provide deal risk assessments.

Requirements

Bachelor’s degree (Accounting, Finance, Real Estate, Business) and relevant internship experience strongly preferred.
Entry-level support staff with 0-2 years of relevant experience.
Experience in real estate related or financial services industry, such as appraisal, brokerage, or banking primarily focused on commercial properties required, or equivalent combination of education and experience.
Comprehensive knowledge and understanding of real estate, due diligence process, lending policies, and credit and risk management policies
Full understanding of property sectors (office, retail, industrial, hotel, multifamily, residential) and their different investment characteristics and an ability to see the "big picture" in real estate and capital markets finance transactions
Excellent Excel and cash flow modeling skills and strong business writing skills
Excellent organization skills/detail oriented
Excellent verbal and written communication skills
Time Management: Ability to manage multiple deadlines and multiple tasks
Ability to manage variable internal and client driven deadlines
Demonstrate the ability to critically think through issues and apply industry knowledge, assess risks, and work independently to resolve issue with some support from senior underwriters and associates

Responsibilities

Apply subject matter expertise to production, quality control, and/or training to junior staff in one or more of the following skills:
Review, analyze, and summarize financial operating statements, rent rolls, personal financial statements, credit reports, credit ratings, stock market capitalization, general ledger reports, business operating statements, and other financial due diligence.
Review, analyze, and summarize loan documents, lease documentation, organizational structure documents, property insurance policies, and other legal due diligence.
Review, analyze, and summarize market and submarket information including inventory, absorption, new/proposed development, rent and vacancy trends, population demographics, and other market data determined as relevant to the industry.
Review, analyze, and summarize information from appraisal, engineering report, seismic report, environmental report, zoning report, plot maps, and other technical reports used within the industry.
Perform site inspections, determine appropriate market comparables for property valuation and asset summary report, and complete tenant analyses
Assist with loan closings and procure needed closing items
Conduct telephone interviews to solicit market data with brokers, appraisers, investors, tenants, and other market participants
Participate in credit committee calls.
Assist in developing value conclusions for all property types.
Update or create complex cash flow modeling using Argus or equivalent industry software.
Monitor loan performance through loan covenant testing, escalating default concerns within written reports.
Review construction invoices and progress to determine the qualification of disbursement of funds based on loan document covenants.
Perform audit of accounts payable and accounts receivable documentation to verify appropriate use of business funds.
Work directly with accounting firms on tape tie out and data discrepancies within origination documentation and loan documentation.
Identify and define data provided (“crack” the tape) for portfolio trading/securitization transactions, determine high risk loans based on limited information provided.
Other specific tasks assigned based on business product
Such other activities as assigned by your manager