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Vice President - Large Loan Originations Underwriting

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
New York
 NY
Postal Code
10005
Country
United States

This job is no longer active.

Description


Our client is the Commercial Real Estate Finance group within the investment bank of a premier European-based global financial services institution.  Their real estate group is consistently ranked among the top-10 global and US CMBS bookrunners, and they consistently look to grow their platform and expand into new products, including a budding balance sheet lending program.     

Our relationship with our client dates back to 2012 and we provide a dedicated, integrated, on-site team to underwrite their Commercial Real Estate loans.  This role is to join our dedicated team sitting on-site, working seamlessly with our client.

We have an opportunity for a high-performing Vice President underwriter to join the Large Loan team with group. The team originates $ multi-million / $billion+ loans for securitization/syndication, and also supports underwriting for the recently-established balance sheet program.


Responsibilities

 

  • 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
  • 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 the successful execution/exit of loans, including coordination with rating agencies, investors and securitization functions
Desired Skills & Experience
At this time, Situs does not sponsor any new applicants for work authorization. You must be authorized to work in the United States for continuous employment without any Company sponsorship to be considered.
  • Bachelors degree from an accredited institution
  • 5-8 years’ experience in CMBS and/or balance sheet loan underwriting
  • Excellent communication skills, willingness to work as part of a larger team
  • Strong financial modelling / excel skills
  • At this time, Situs does not sponsor any new applicants for work authorization. You must be authorized to work in the United States for continuous employment without any Company sponsorship to be considered. 
 

 

We are an equal opportunity employer (m/f/d/v).

This Employer Participates in E-Verify

EOE/M/F/D/V


About SitusAMC

SitusAMC is the leading provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors, across the life cycle of commercial and residential real estate debt and equity. The firm employs more than 3,300 employees with offices in 27 markets across the U.S., Europe and APAC.

 

SitusAMC brings together the industry’s top talent, unparalleled platform and innovative technologies to help clients optimize returns, identify risk, transform processes and infrastructure, and ultimately, realize opportunities in their businesses.




Job Functions


 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Finance / Investment New York Full Time NY Finance, Underwriting Experienced Analyst, Real Estate Investments other