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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!
We are looking for a Director for our client, a multi-$billion-dollar financial services institution. In this role, you would support the origination, underwriting, closing and execution of commercial real estate loans for the Bank’s CMBS and balance sheet programs. ESSENTIAL JOB FUNCTIONS:
Underwrite and close commercial real estate loans for multiple borrowers and different asset types
Participate in initial loan sizing, collaborating with origination and capital markets teams
Conduct financial analysis, including assessment of property and borrower financials, cash flows, and other key underwriting metrics
Conduct property level & market/submarket due diligence, with specific focus on market trends, comparable properties and leases, tenant quality, and local economic conditions as appropriate
Risk assessment & structuring – be able to identify potential risks, recommend mitigants, and structure loan terms accordingly to ensure compliance with credit guidelines and overall marketability of loans for securitization
Preparation of credit memos forboth internal and external presentation, including deal strengths, cash flow analysis, risks and mitigants, borrower / sponsor review, and market & property level due diligence
Interface regularly with internal staff, clients, legal counsel, and other third-party providers to discuss specific projects
Complete site inspections and detailed market analysis, including broker interviews and discussions with property management
Ability to review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revision
Collaborate with appraisal review group to discuss specific appraisal methodology and ensure that the assumptions used in the appraisal are well-supported and are consistent with the actual terms at the Property and/or market
Assess borrower’s credit worthiness by reviewing financial statements, credit reports, and media searches
Ability to evaluate major/single tenant performance or financial condition
Actively participate and take the lead in discussions with syndication partners, investors, b-buyers and rating agencies regarding the merits of each transaction, and be able to address any concerns related to loan structure, sponsorship, legal, property, market, and underwriting
QUALIFICATIONS/REQUIREMENTS: Candidate is required to have a BA/BS, ideally in commercial real estate finance, finance or similar
At least 10+ years’ experience underwriting commercial real estateloans at a bank, insurance company, debt fund, investment management company or similar; specific focus on CMBS a plus
Strong work ethic with a solutions-driven approach to working through issues or challenges
Ability to multi-task and manage multiple transactions simultaneously while still meeting tight deadlines in a fast-paced environment
Strong attention to detail, analytical and accuracy skills
Ability to mentor and supervise junior staff
Excellent organizational, communication, and interpersonal skills
Desire to work among a diverse team and be a supportive and collaborative colleague
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 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.
The annual full time base salary range for this role is
$180,000.00 - $300,000.00 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
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
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