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Director, Originations in US - NY - New York (JR01096)

Job DescriptionJob Attributes+

  • Job ID

    JR01096

  • 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!

We are looking for a Director level Originator 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 balance sheet. These loans are primarily being originated as an add-on service offering to the Bank’s private wealth management clients. The products include small balance loans, as well as bridge loans on transitional assets and syndicated loans.

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
* Preparation of credit memos for committee, including cash flow analysis, risks and strengths, borrower / sponsor review, and market analyses
* 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
* 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
* 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
* Analyze loan structural features and have confidence to make suggestions in order to address risks
* Participate in presentations and discussions with syndication partners, investors and rating agencies regarding 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 7-10 years’ experience underwriting commercial real estate loans at a bank, insurance company, debt fund, investment management company or similar;
* Strong work ethic with a solutions-driven approach to working through issues or challenges
* Excellent communication, organizational and interpersonal skills
* Desire to work among a diverse team and be a supportive and collaborative colleague
* Ability to multi-task and work effectively under tight deadlines
* Skills in structuring and planning work, and proactively manage tasks through ebbs and flows in workload
* Strong attention to detail, analytical and accuracy skills

Key Success Factors:

* Ability to learn and comprehend information quickly
* Willingness and motivation to make the group successful
* Ability to work in fast-paced environment running multiple tasks under tight deadlines.
* Ability to multi-task
* High degree of professionalism.
* Ability to quickly become an expert on STS Structured Products, LLC business and culture.
* Ability to be flexible in working with team members to meet deadlines.
* Ability to interact easily at all levels of the organization.
* Commitment to excellence and attention to detail.

Working Conditions:

* Office environment with frequent computer, mouse, keyboard use
* Alternating between sitting or standing as needed
* Hearing, talking, reaching, grasping
* The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment

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

$160,000.00 - $200,000.00

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 Talent Sourcing & Dedicated Client teams

Our experienced team draws upon their extensive knowledge and connectivity to identify, attract, and manage top-tier talent that enables our clients to operate more efficiently and effectively. As a member of our Talent Solution’s team, you’ll be an integral part in powering opportunity for world-class clients - up and down the capital stack and across the real estate lifecycle.

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
Director, Originations

“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

“I’m grateful for my ability to adapt because the industry is very fast-paced and always changing. I get put on special projects all the time, which I really like, because it expands my skillset and range of experience. But you need to be able to roll with the punches and stay light on your feet. I’ve done everything from appraisals to modifications to reverse mortgages, which is great, because I’ve always been able to adapt and learn quickly.”

Jon Addison

Senior Analyst

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
Director, Originations