Vice President, CRE Underwriting

SitusAMC • New York, NY

28d • $210,000 - $225,000

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! Our client is the Commercial Real Estate Finance group within the investment bank of a premier European-based global financial services institution located in New York City. Their real estate group is consistently ranked among the top-10 global and US real estate lenders, and they consistently look to grow their platform and expand into new products. Vice President - Large Loan Underwriting We have an opportunity for a high-performing Vice President to join the Large Loan team with group. The team originates $multi-million / $billion+ loans for securitization/syndication and supports underwriting for the recently established balance sheet program.

Requirements

• Bachelor’s degree from an accredited institution
• 5-9 years’ experience in CMBS and/or balance sheet loan underwriting
• Excellent communication skills, willingness to work as part of a larger team
• Strong financial modelling / excel skills

Responsibilities

• Support large loan originators with the sizing, underwriting/due diligence, closing and execution of large loan transactions across various geographies and asset types
• Responsibilities include both CMBS and balance sheet loans
• Prepare sizing cashflow and, estimated capital stacks for pricing and quoting large loans and for purposes of preliminary credit approval
• Recommend structural loan features to enhance credit and mitigate risk
• Prepare all necessary components of the credit package, including due diligence material, credit memo/Asset Summary Report and underwriting
• Complete site inspections and detailed market analysis, including broker interviews and discussions with property management and ownership
• Analyze detailed property financial information
• Create and/or review existing Argus cash flow models; edit assumptions based on actual market data collections and financial review information
• Review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
• Participate in presentations and discussions with clients, mortgage brokers, loan syndication partners, rating agencies, B buyers and mezz lenders regarding loan structure, sponsorship, legal, property, market, pricing, and underwriting issues
• Assist Capital Markets team to ensure the successful execution/exit of loans, including coordination with rating agencies, investors, and securitization functions

Benefits

• SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.

What This Job Offers

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