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!This position is supervisory and has direct reports. 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 have multiple teams reporting under their leadership.Essential Job Functions:
Perform all aspects of the due diligence and underwriting for loans including analyzing property level data and guarantor financial statements, and reviewing and approving appraisals, property condition assessments and environmental reports
Perform site inspections, determine appropriate market comparable for property valuation and asset summary report, and complete tenant analyses
Identify risks and potential mitigates for property related issues
Research, analyze and summarize market and submarket information including inventory, absorption, new/proposed development, and rent and vacancy trends
Prepare final underwriting and credit approval memoranda and present loans for internal credit approval process
Manage all aspects of the structuring, legal documentation and closing of approved loans with clients, co-lenders (for a combination of syndicated loans and loans with subordinate debt), the internal team and outside counsel
Interface with credit rating agencies and institutional investor groups
Manage and/or coach Underwriters, in the due diligence and closing process
Build and manage client relationships with clients
This position supervises and mentor's others
Such other activities as may be assigned by your manager
Qualifications/ Requirements:
Bachelor’s degree with preferred fields of study includes accounting, finance, real estate, business or equivalent combination of education and experience
Minimum of 12+ years of industry and/or relevant experience, typically with 2+ years in a VP level role or external equivalent
Minimum 6-8 years’ experience underwriting CMBS or CRE balance sheet loans
Management experience preferred
Expertise in commercial real estate, due diligence process, commercial lending policies, and credit and risk management policies
Full understanding of property sectors (office, retail, industrial, hotel, multifamily) and their different investment characteristics and an ability to see the "big picture" in commercial real estate and capital markets finance transactions
Proficient in Argus
Excellent Excel and cash flow modeling skills
Strong business writing skills
Strong leadership skills
Ability to manage direct reports
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, mouse, keyboard use
Alternating between sitting or standing as needed
Hearing, talking, reaching, grasping
#LI-MZ1Note: 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.Know Your Rights, Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088EEOCKnowYourRights6.12ScreenRdr.pdf)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; Remote, RE, USACountry: USAThe annual full time base salary range for this role is ($100,000 - $210,000). 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.Pay Transparency Nondiscrimination Provision (https://go.situsamc.com/rs/962-QMP-613/images/pay-transp%20EnglishformattedESQA508c.pdf?version=0)