VP, Large Loan Underwriting in New York, NY (14559)
Job Attributes
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Job ID
14559
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Job Category
Underwriting - Other
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Business Unit
Commercial Real Estate
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Job Location
US - NY - New York
Job DescriptionJob Attributes+
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Job ID
14559
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Job Category
Underwriting - Other
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Business Unit
Commercial Real Estate
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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!
Our client is the Commercial Real Estate Finance group within the investment bank of a premier European-based global financial services institution located in New York City. Their real estate group is consistently ranked among the top-10 global and US real estate lenders, and they consistently look to grow their platform and expand into new products.
Vice President - Large Loan Underwriting
We have an opportunity for a high-performing Vice President to join the Large Loan team with group. The team originates $multi-million / $billion+ loans for securitization/syndication and supports underwriting for the recently established balance sheet program.
Essential Job Functions:
- Support large loan originators with the sizing, underwriting/due diligence, closing and execution of large loan transactions across various geographies and asset types
- Responsibilities include both CMBS and balance sheet loans
- Prepare sizing cashflow and, estimated capital stacks for pricing and quoting large loans and for purposes of preliminary credit approval
- Recommend structural loan features to enhance credit and mitigate risk
- Prepare all necessary components of the credit package, including due diligence material, credit memo/Asset Summary Report and underwriting
- Lead and supervise junior underwriters on the team
- Complete site inspections and detailed market analysis, including broker interviews and discussions with property management and ownership
- 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
- Review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
- Participate in presentations and discussions with clients, mortgage brokers, loan syndication partners, rating agencies, B buyers and mezz lenders regarding loan structure, sponsorship, legal, property, market, pricing, and underwriting issues
- Assist Capital Markets team to ensure the successful execution/exit of loans, including coordination with rating agencies, investors, and securitization functions
Qualifications/Requirements:
- Bachelor’s degree from an accredited institution
- 5-9 years’ experience in CMBS and/or balance sheet loan underwriting
- Should have demonstrated ability to lead and supervise junior team members
- Excellent communication skills, willingness to work as part of a larger team
- Strong financial modelling / excel skills
#LI-MZ1
The annual full time base salary range for this role is ($200,000 - $225,000). 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.
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:
New York, NY, USA
Our Benefits
Powerful futures
- Annual compensation reviews
- Retirement benefits
- Education allowance program
- Matching gifts program
- Employee referral bonus programs
- Other region-specific incentives
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
Powerful health
- Robust medical & other insurance plans
- Personal & family wellness benefits
- Savings programs & discounts for health expenses
- Disability, accident & life insurance
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.
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.
New York, NY
VP, Large Loan Underwriting
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
New York, NY
VP, Large Loan Underwriting
