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Prevailing Rate Employee in Remote (14615)

Job DescriptionJob Attributes+

  • Job ID

    14615

  • Job Category

    Underwriting - Debt

  • Business Unit

    Commercial Real Estate

  • Job Location

    Remote Location

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:

This is a Part Time variable pay role. This role is responsible for the delivery of real estate analysis, CMBS and other commercial real estate loan underwriting and debt consulting services. This role manages multiple transactions with multiple clients under tight timelines and may hold “player-coach" or direct supervisory responsibilities. This position will also require subject matter expertise related to work products under management and ability to complete quality control and provide deal risk assessments.

Essential Job Functions:

  • Apply subject matter expertise to production, quality control, and/or training to junior staff in one or more of the following skills:
  • Review, analyze, and summarize financial operating statements, rent rolls, personal financial statements, credit reports, credit ratings, stock market capitalization, general ledger reports, business operating statements, and other financial due diligence.
  • Review, analyze, and summarize loan documents, lease documentation, organizational structure documents, property insurance policies, and other legal due diligence.
  • Review, analyze, and summarize market and submarket information including inventory, absorption, new/proposed development, rent and vacancy trends, population demographics, and other market data determined as relevant to the industry.
  • Review, analyze, and summarize information from appraisal, engineering report, seismic report, environmental report, zoning report, plot maps, and other technical reports used within the industry.
  • Perform site inspections, determine appropriate market comparables for property valuation and asset summary report, and complete tenant analyses
  • Assist with loan closings and procure needed closing items
  • Conduct telephone interviews to solicit market data with brokers, appraisers, investors, tenants, and other market participants
  • Participate in credit committee calls.
  • Assist in developing value conclusions for all property types.
  • Update or create complex cash flow modeling using Argus or equivalent industry software.
  • Monitor loan performance through loan covenant testing, escalating default concerns within written reports.
  • Review construction invoices and progress to determine the qualification of disbursement of funds based on loan document covenants.
  • Perform audit of accounts payable and accounts receivable documentation to verify appropriate use of business funds.
  • Work directly with accounting firms on tape tie out and data discrepancies within origination documentation and loan documentation.
  • Identify and define data provided (“crack" the tape) for portfolio trading/securitization transactions, determine high risk loans based on limited information provided.
  • Other specific tasks assigned based on business product
  • Such other activities as assigned by your manager

Qualifications/ Requirements:

  • Bachelor’s degree (Accounting, Finance, Real Estate, Business) and relevant internship experience strongly preferred.
  • Minimum 4-8 years’ experience in real estate related or financial services industry, such as appraisal, brokerage, or banking primarily focused on commercial properties required, or equivalent combination of education and experience.
  • Comprehensive knowledge and understanding of real estate, due diligence process, lending policies, and credit and risk management policies
  • Full understanding of property sectors (office, retail, industrial, hotel, multifamily, residential) and their different investment characteristics and an ability to see the "big picture" in real estate and capital markets finance transactions
  • Excellent Excel and cash flow modeling skills and strong business writing skills
  • Excellent organization skills/detail oriented
  • Excellent verbal and written communication skills
  • Time Management: Ability to manage multiple deadlines and multiple tasks
  • Ability to manage variable internal and client driven deadlines
  • Demonstrate the ability to critically think through issues and apply industry knowledge, assess risks and work independently to resolve issue with some support from senior underwriters and associates

Special Requirements:

  • The employee may be required to report to a different local office as a normal, contemplated, and mandated incident of their employment.

Working Conditions:

  • Office environment with frequent computer use
  • Sitting for long periods of time
  • Hearing, talking, reaching, grasping, standing, and repetitive motions
#LI-MZ1 #LI-REMOTE

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.
Job Location: Remote, RE, USA
Country: USA

The annual full time base salary range for this role is ($46,800 - $51,000). 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.

Please note this is a part-time position and quoted annual compensation ranges will be adjusted accordingly on pro rata basis

 

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.
Remote
Prevailing Rate Employee

“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
Remote
Prevailing Rate Employee