Associate, Securitization
SitusAMC, New York, NY, United States
This role will provide support in the delivery of due diligence and real estate analysis for CMBS securitization transaction types, such as Conduit deals, Single Asset Single Borrower deals, and CRE CLO deals. The position may involve managing multiple transactions with multiple clients under tight timelines.
Essential Job Functions
Provide analytical support in the underwriting and closing of commercial real estate loans or securitizations on behalf of our clients.
Review, analyze and/or interpret financial operating statements, rent rolls, third party reports, tenant lease agreements, surveys, title reports, zoning reports, property insurance policies, credit reports, and other due diligence requirements.
Compile Excel data tapes by populating required fields, including loan terms, property data, third-party data, tenant information, and cash flows.
Clear exception reports and update data tapes based on exception listings sent by clients and/or accounting firms.
Research, analyze and summarize tenant level information including financial trends and credit ratings or stock market capitalization.
Prepare market and property summary information using third-party document reports, including appraisals and CoStar reports.
Populate offering document pool information for CMBS securitization deals.
Work with accountants to clear exceptions in the Excel accounting tape, term sheets, offering documents and annex footnotes.
Write property, market, borrower/sponsor descriptions, and third-party report summaries that will be included in credit memos and asset summary reports.
Prepare and tie out short-form asset summary reports and final post-closing asset summary reports and underwriting files.
Manage interactions and securitizations directly with clients.
Perform other activities as may be assigned by the manager.
Qualifications / Requirements
Bachelor’s degree in accounting, finance, real estate, business, or the equivalent combination of education and experience.
Experienced professional with 5+ years of industry and/or relevant experience, typically in a senior analyst or analyst level role or external equivalent.
1-3 years of experience in CMBS securitization in industry sectors such as banking, rating agencies, or accounting preferred.
Familiarity with commercial real estate, due diligence process, commercial lending policies, securitization, and credit and risk management policies.
Full understanding of property sectors (office, retail, industrial, hotel, multifamily) and their investment characteristics, with an ability to see the "big picture" in commercial real estate and capital markets finance transactions.
Excellent Excel and cash flow modeling skills.
Strong business writing skills.
Strong communication skills.
Depending on deal flow, the position may require long workdays and weekend work as needed.
The annual full‑time base salary range for this role is $100,000.00 – $120,000.00. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Certain positions may be eligible for a discretionary bonus based on program guidelines and management approval.
SitusAMC offers PTO and paid holidays, and all full‑time employees are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401(k), in accordance with applicable plan terms.
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.
#J-18808-Ljbffr
Essential Job Functions
Provide analytical support in the underwriting and closing of commercial real estate loans or securitizations on behalf of our clients.
Review, analyze and/or interpret financial operating statements, rent rolls, third party reports, tenant lease agreements, surveys, title reports, zoning reports, property insurance policies, credit reports, and other due diligence requirements.
Compile Excel data tapes by populating required fields, including loan terms, property data, third-party data, tenant information, and cash flows.
Clear exception reports and update data tapes based on exception listings sent by clients and/or accounting firms.
Research, analyze and summarize tenant level information including financial trends and credit ratings or stock market capitalization.
Prepare market and property summary information using third-party document reports, including appraisals and CoStar reports.
Populate offering document pool information for CMBS securitization deals.
Work with accountants to clear exceptions in the Excel accounting tape, term sheets, offering documents and annex footnotes.
Write property, market, borrower/sponsor descriptions, and third-party report summaries that will be included in credit memos and asset summary reports.
Prepare and tie out short-form asset summary reports and final post-closing asset summary reports and underwriting files.
Manage interactions and securitizations directly with clients.
Perform other activities as may be assigned by the manager.
Qualifications / Requirements
Bachelor’s degree in accounting, finance, real estate, business, or the equivalent combination of education and experience.
Experienced professional with 5+ years of industry and/or relevant experience, typically in a senior analyst or analyst level role or external equivalent.
1-3 years of experience in CMBS securitization in industry sectors such as banking, rating agencies, or accounting preferred.
Familiarity with commercial real estate, due diligence process, commercial lending policies, securitization, and credit and risk management policies.
Full understanding of property sectors (office, retail, industrial, hotel, multifamily) and their investment characteristics, with an ability to see the "big picture" in commercial real estate and capital markets finance transactions.
Excellent Excel and cash flow modeling skills.
Strong business writing skills.
Strong communication skills.
Depending on deal flow, the position may require long workdays and weekend work as needed.
The annual full‑time base salary range for this role is $100,000.00 – $120,000.00. Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Certain positions may be eligible for a discretionary bonus based on program guidelines and management approval.
SitusAMC offers PTO and paid holidays, and all full‑time employees are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401(k), in accordance with applicable plan terms.
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.
#J-18808-Ljbffr