Graduate Trainee, Asset Management

  • Job ID


  • Job Category

    Asset Management - Debt

  • Business Unit

    Hanover Street Capital

  • Job Location

    US - NY - New York

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!


Graduate Trainee, Asset Management. Six-month program with the possibility of being hired full-time.


New York, NY. Hybrid (at least three days in the office).


$60,000 per annum, pro-rated.

About Hanover Street Capital

Hanover Street Capital, LLC (“Hanover Street”) operates as a fully dedicated platform assisting Deutsche Bank’s Commercial Real Estate Group with its $20+ bn loan portfolio. We provide a comprehensive suite of services across commercial real estate transactions and are uniquely positioned to apply our expertise and flexibility of resources to help our client solve any problem, make informed decisions, and maximize the value of their assets. With practice teams dedicated to commercial real estate loan originations, asset and portfolio management, loan servicing and administration, and transaction management, we offer a broad range of capabilities across all CRE property and credit types ranging from senior mortgages to subordinate debt. Established in 2012, Hanover Street is a wholly owned subsidiary of SitusAMC (

Program Description

Our graduate trainee program is a six-month internship for recent graduates. It is designed to fully immerse you in the day-to-day activities of our asset management team responsible for managing Deutsche Bank’s commercial real estate loans. Based on the graduate trainee’s performance during the six-month period and the business needs, the trainee may receive an offer for permanent employment within Hanover Street Capital.

As a participant, you will:

  • Experience the end-to-end business model of a major international bank’s commercial real estate debt platform.
  • Liaise with internal teams including portfolio management, asset management, and loan administration.
  • Acquire knowledge of commercial real estate designed to help you succeed including formal sessions led by experienced leaders at Hanover Street Capital and our client, Deutsche Bank.
  • Learn about our culture, as well as the benefits and responsibilities of being on our team.

Specific responsibilities include:

  • Analyze loan documents; review and understand deal structure, funds flow, economics, and servicing requirements as detailed in deal summaries, credit approvals and legal documents.
  • Assist in preparing and presenting credit recommendations for actions that require credit committee approval such as loan extensions, restructures, borrower consents and lease approvals.
  • Gather market data, financial statements, maintain rent rolls. Prepare monthly asset-level reports in Excel® and annual reviews in Word® or PowerPoint®.
  • Perform LTV, DY and DSCR analyses.
  • Attend site tours and review draw requests including but not limited to construction, tenant improvements, and capital expenditure.

Qualifications sought:

  • Recent graduate. This training is intended for persons who have graduated within the past year.
  • A bachelor’s degree in accounting, business, or economics and/or significant coursework in commercial real estate
  • Demonstrable knowledge of commercial real estate finance and performance metrics
  • Strong quantitative and analytical skills.
  • Proficiency in Excel®, Word®, PowerPoint®. Ability to work with large datasets to process and process results. Knowledge of ARGUS is a plus.
  • Highly developed organizational and project/time-management skills with an ability to manage multiple priorities and meet multiple deadlines.
  • Excellent communication, presentation, and business writing skills under pressure.
  • A strong commitment to integrity, professionalism, and Hanover’s guiding principles.
  • A demonstrable ability to work both independently and effectively with team members in diverse groups and regions.
  • Solid work ethic, self-motivation level, and strong attention to detail.

To Apply

Applications for our 2023 graduate training program are now open. We review applications on a rolling basis and encourage you to apply as soon as you are ready because interviews occur continually. 

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 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.

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.
New York, NY, USA
The base salary range for this role is ($50,000 - $60,000). 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.
The hourly rate for our undergraduate interns is anticipated to be $20/hour. Specific compensation is determined through interviews and a revise of relevant education, experience, training, skills, equity with other team members, and alignment with market data. All full-time employees also are eligible to participate in various benefit plans, including 401K, medical, dental, visions, life, and disability insurance, in each case in accordance with the terms of the applicable plans.
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