Vice President, CRE CMBS Conduit Underwriting

SitusAMC • New York, NY

4d • Onsite

About The Position

SitusAMC is recruiting for a Vice President or Associate-level CMBS Conduit Underwriter to support the expansion of a Commercial Real Estate Finance business at a leading global investment bank. The role combines the resources and established underwriting framework of a global institution with the visibility and impact of a growing platform. The underwriter will work alongside experienced industry professionals and gain exposure to a broad range of commercial real estate transactions.

The position focuses on underwriting and credit analysis for conduit loan transactions across multiple property types. It involves analyzing property and market information, preparing and presenting credit recommendations, structuring loans under applicable standards, coordinating third-party diligence, and working with borrowers, brokers, and internal stakeholders throughout transactions.

Requirements

• Bachelor's degree in Finance, Real Estate, Economics, or a related field.
• At least 5 years of commercial real estate underwriting experience, with significant CMBS/conduit lending exposure.
• Strong understanding of CMBS structures, securitization, and commercial real estate finance.
• Advanced financial modeling and cash flow analysis skills.
• Ability to work with existing rating agency models.
• Proficiency in Excel.
• Excellent credit writing, presentation, and communication skills.

Responsibilities

• Lead underwriting and credit analysis for conduit loan transactions across office, multifamily, industrial, retail, hospitality, and mixed-use properties.
• Analyze property cash flows, rent rolls, financial statements, market fundamentals, and sponsorship.
• Prepare credit memoranda and present recommendations to investment and credit committees.
• Structure loans in accordance with the company’s credit standards and CMBS requirements.
• Coordinate third-party due diligence, including appraisals, environmental reports, and legal reviews.
• Work directly with borrowers, brokers, and internal stakeholders throughout the transaction process.

Benefits

• PTO
• Paid holidays
• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• 401(k)
• Certain positions may be eligible for a discretionary bonus, subject to program guidelines, position eligibility, and management approval.

What This Job Offers

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