Description
We are looking for an Associate-level underwriter to join the CMBS Large Loan / Single Asset Single Borrower (“SASB”) team in the New York City office of our client, which is among the largest US multinational banks and consistently ranked among the top of the CMBS league tables.
In this role, you will be supporting the team in taking deals end to end, with a primary focus on the loan underwriting and managing 3rd party due diligence process. You will be responsible for doing the heavy lifting on the modeling and analytics and will work among a collaborative team of bright, accomplished, well-rounded professionals.
Primary Responsibilities:
- Manage loan underwriting assignments for Large Loan and Single Asset/Single Borrower transactions across various property types
- Prepare final underwriting and credit approval memoranda and participate in presenting loans for internal credit approval process
- Work with 3rd party due diligence firms in analyzing property level data and guarantor financial statements, and reviewing and approving appraisals, property condition assessments and environmental reports
- Manage all aspects of the structuring, legal documentation and closing of approved loans with clients, co-lenders (for a combination of syndicated loans and loans with subordinate debt), the internal deal team and outside legal counsel
- Interface with credit rating agencies and institutional investor groups
- Write Asset Summary Reports and support the securitization and syndication process
- Complete site inspections and detailed market analysis, including broker interviews and discussions with property management
Desired Skills & Experiences:
- 3-5 years of commercial real estate underwriting experience for a lender, ideally for structured balance sheet loans or mezzanine/HY debt
- Ability to manage multiple priorities and meet multiple deadlines
- Excellent analytical and problem solving skills
- Excellent Excel and cash flow modeling skills
- Excellent business writing skills
- Proficient using Argus, Excel, Word and PowerPoint
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