
Commercial Real Estate Underwriting Transactor- Vice President
Morgan Stanley, New York, NY, United States
Position Summary
- Position goal is to support CRE Senior Lending Transactors (SLT’s) to structure, underwrite and manage new CRE secured transactions for the Tailored Lending CRE team within Morgan Stanley’s Private Bank
- Responsibilities will include the following: Evaluate UHNW Lending opportunities specific to commercial real estate, which will include: i) analyzing potential collateral properties and UHNW guarantors; ii) analyzing valuations of underlying collateral; and iii) determining if the opportunity aligns with the UHNW Commercial Real Estate Lending program.
Performing the underwriting and due diligence with regards to the collateral property and sponsors, including evaluating appropriate financial and non-financial information necessary for opportunity assessment.
Prepare and/or assist the Regional and Product Specific SLT’s with the preparation of the underwriting credit memoranda clearly outlining transaction, purpose, strengths, risks and mitigants, financial/collateral analysis and other key terms and conditions required to support credit approval.
Identify key risk and mitigants related to existing loans and new opportunities and propose potential structural protections and other terms and conditions that may mitigate such risk.
Efficiently manage loan transactions including underwriting, credit approval, documentation, closing and initial funding of the transaction ensuring timely coordination with all parties involved including Credit Risk Management ("CRM"), Financial Advisors, Private Bankers, Loan Operations, Compliance, Legal Counsel etc.
Engage in on-going portfolio maintenance ensuring accurate and timely update of loan portfolio metrics / reports, as needed.
Experience
- Bachelor’s Degree required.
- Minimum 7 years’ experience in commercial real estate lending underwriting, origination and/or credit analysis
- Private Banking Lending experience is a plus.
- Formal credit training a plus
Skills/Abilities
- Excellent communication skills, both written and oral, with the ability to articulate your assessment in a clear and professional manner.
- Detail oriented with exceptional financial analysis, and underwriting skills.
- Self-motivated, personable, and a team player.
- Ability to meet deadlines and manage Financial Advisor and client expectations.
- Strong multi-tasking, time management, and project management skills.
- Desire to work in team-oriented environment.
Compensation
Expected base pay rates for the role will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Equal Opportunity
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
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