[Hiring] Specialist I, CRE @SitusAMC

Role Description

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.

• 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

• Bachelor’s degree (Accounting, Finance, Real Estate, Business) and relevant internship experience strongly preferred.
• Entry-level support staff with 0-2 years of relevant experience.
• 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.

Requirements

• Entry-level support staff with 0-2 years of relevant experience.
• 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.

Benefits

• PTO and paid holidays, the terms of which are set forth in the program policies.
• 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.