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Associate Director-Commercial Real Estate Loan Underwriting in US - NY - New York (JR01616)

Job DescriptionJob Attributes+

  • Job ID

    JR01616

  • Job Category

    Operations

  • Business Unit

    Unspecified

  • Job Location

    US - NY - New York

Overview

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!

Position Overview
We are looking for an Associate Director for our client, a multi-$billion-dollar financial services institution (the “Bank”). In this role, you would support the origination, underwriting, closing and execution of commercial real estate loans for the Bank’s CMBS and balance sheet programs. The loans are primarily $5-200M, 5 & 10-yr fixed rate loans secured by stabilized, cash flowing properties spanning all major asset classes across the US.

We are seeking a detail-oriented and analytical candidate to join our underwriting team. In this role, you will be primarily responsible for underwriting and evaluating CMBS loans, ensuring adherence with credit policies, and taking an active role in the structuring and securitization of assigned loans. If you are a motivated professional with a strong understanding of commercial real estate finance and structured lending, we encourage you to apply.

Key Responsibilities / Essential Job Functions

  • Underwrite and close commercial real estate loans for multiple borrowers and different asset types
  • Participate in initial loan sizing, collaborating with origination and capital markets teams
  • Conduct financial analysis, including assessment of property and borrower financials, cash flows, and other key underwriting metrics
  • Conduct property level & market/submarket due diligence, with specific focus on market trends, comparable properties and leases, tenant quality, and local economic conditions as appropriate
  • Risk assessment & structuring – be able to identify potential risks, recommend mitigants, and structure loan terms accordingly to ensure compliance with credit guidelines and overall marketability of loans for securitization
  • Preparation of credit memos for both internal and external presentation, including deal strengths, cash flow analysis, risks and mitigants, borrower / sponsor review, and market & property level due diligence
  • Interface regularly with internal staff, clients, legal counsel, and other third-party providers to discuss specific projects
  • Complete site inspections and detailed market analysis, including broker interviews and discussions with property management
  • Ability to review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
  • Collaborate with appraisal review group to discuss specific appraisal methodology and ensure that the assumptions used in the appraisal are well-supported and are consistent with the actual terms at the Property and/or market
  • Assess borrower’s credit worthiness by reviewing financial statements, credit reports, and media searches
  • Ability to evaluate major/single tenant performance or financial condition
  • Actively participate and take the lead in discussions with syndication partners, investors, b-buyers and rating agencies regarding the merits of each transaction, and be able to address any concerns related to loan structure, sponsorship, legal, property, market, and underwriting

Qualifications/Requirements

  • Candidate is required to have a BA/BS, ideally in commercial real estate finance, finance or similar
  • At least 4 years’ experience underwriting commercial real estate loans at a bank, insurance company, debt fund, investment management company or similar; specific focus on CMBS a plus
  • Strong work ethic with a solutions-driven approach to working through issues or challenges
  • Ability to multi-task and manage multiple transactions simultaneously while still meeting tight deadlines in a fast-paced environment
  • Strong attention to detail, analytical and accuracy skills
  • Excellent organizational, communication, and interpersonal skills
  • Desire to work among a diverse team and be a supportive and collaborative colleague
  • Seeking professional growth and development opportunities on a strong platform in a dynamic industry

Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

The annual full time base salary range for this role is

$140,000.00 - $175,000.00

Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. 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.

Pay Transparency Nondiscrimination Provision

SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Know Your Rights, Workplace Discrimination is Illegal

SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.

Our Benefits

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Powerful futures

- Annual compensation reviews
- Retirement benefits
- Education allowance program
- Matching gifts program
- Employee referral bonus programs
- Other region-specific incentives

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Powerful peace of mind

- Competitive vacation policies, holidays & other paid leaves
- Family-friendly leave policies, including maternity, - paternity & other family situations
- Employee wellness platform
- Employee assistance program
- Employee discount program
- Commuter benefits & travel assistance
- Volunteer program

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Powerful health

- Robust medical & other insurance plans
- Personal & family wellness benefits
- Savings programs & discounts for health expenses
- Disability, accident & life insurance

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What it’s like to

Be part of the Commercial Real Estate team

Working alongside top talent in the commercial real estate industry, you’ll help guide leading organizations through the entire commercial real estate lifecycle, from originations and secondary market activity to valuations, loan servicing and asset management.

SitucAMC Team Member Working
Part of a global team

Our US offices

Whether you’re working in one of our Real Estate businesses, or in Technology or a Corporate function, you’ll have plentiful learning opportunities and be greeted by a team who values your contribution. And, when it comes to benefits, you can expect above-and-beyond offerings supporting your emotional, physical and financial wellness.
US - NY - New York
Associate Director-Commercial Real Estate Loan Underwriting

“I look forward to team meetings, training, development and coaching opportunities. It gives me the interaction with people that I need and appreciate. The more I learn, the more I feel like I can grow with the company. I enjoy coaching others, sharing knowledge gained and finding ways to make our job more efficient.”

Cindy Buchanan

QC Specialist II

“You must treat each client like they are your only client. We put customer service at the forefront of our service offering.”

John Wadle

Director of Servicing Quality Control

“Try to be present and remember that not everyone has it all figured out. Your mental and physical health is the most important thing in your life, because without it you can’t do anything.”

Fawzat Trabilsy

Analyst, Asset Management

SitusAMC

Who we are

SitusAMC is a leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. We help clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.

Working among the best talent in real estate, you’ll be a part of some of the most relevant things happening in the industry and engage in interesting and exciting work. You’ll be embraced by a culture that celebrates innovative thinking and empowers you to get the job done. Come join us in Powering Opportunity for those we proudly serve.

30+
Years of delivering results
5000+
Professionals
600+
Technologists
25+
Global Offices
1500+
Clients
US - NY - New York
Associate Director-Commercial Real Estate Loan Underwriting