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Analyst - CRE Debt Asset Management

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10017
Country
United States

This job is no longer active.

Description


SitusAMC is seeking a qualified Analyst for direct hire with our client, an entrepreneurial investment management firm that manages a variety of real estate debt products. The candidate will become a team member of the Special Servicing Department (the “Department”). The Department is currently the named Special Servicer on over 22 Commercial Mortgage Backed Securities (“CMBS”) pools, which include more than 435 loans comprising $7.8 billion in unpaid principal balance. Such loans are collateralized by commercial real estate properties throughout the United States, consisting of office, retail, hospitality, multifamily, and industrial asset classes.

 

The Analyst will be tasked with providing quantitative and qualitative asset management support through assignments related to performing and non-performing loans in CMBS pools.

 

Job Description

  • Assist in the foreclosure process, including: analysis of proposals submitted for due diligence activities such as appraisals and environmental reports; work with legal counsel to ensure that proper notices are sent to all required parties; and document activities and correspondence.
  • Provide support in the formulation of a “workout” strategy for defaulted loans, which require borrower/asset/market-level analyses, a dialogue with borrowers and legal counselors, and extensive financial modeling of various available alternatives/outcomes.
  • Develop a mastery of loan documents and knowledge of lenders’ rights and remedies.
  • Review and prepare recommendations for approval/denial of borrower requests for transfers of ownership, assumptions of debt, major leases and other miscellaneous requests for modifications, waivers and amendments.
  • Participate in the RFP process for potential service providers.
  • Balance other requirements from the firm’s various business lines.

 

Qualifications

  • 1-3 years of experience in commercial real estate, preferably including experience with commercial real estate loan workouts, debt investment management, REO asset management, loan origination and/or underwriting
  • Undergraduate degree in economics, finance, real estate, or related degree is required
  • Familiarity with, and ability to interpret and understand, complex debt structures and cash flow waterfalls
  • Must be able to work efficiently with minimum supervision, work well under pressure, and handle multiple tasks/demands and changing priorities under tight deadlines
  • Creative problem solver with attention to detail, self-starter and entrepreneurial
  • Strong writing ability; effective organizational, interpersonal, and communication skills
  • Technologically savvy; fluency in Excel and Argus is required
  • Must possess the financial and quantitative acumen necessary to make well-reasoned, decisive recommendations to asset managers and management, as applicable
  • Authorization to work in the United States

 

About SitusAMC

From industry leading experts to world-class technologists, SitusAMC is where the best people in the industry choose to build long and meaningful careers. If you’re looking for a best-in-class company, a dynamic culture, and an inspiring environment where you can help realize opportunities in real estate, then explore possibilities at situsamc.com/careers.

 

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

This Employer Participates in E-Verify

 
 

Experience


2+ to 5 years


This job is no longer active.

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