Analyst - Surveillance

About the role

The CMBS Collateral Surveillance team monitors more than $100B in CMBS transactions and is responsible for assessing the credit quality and risk factors attributable to CMBS loans in the portfolio through underwriting, market research, and analytics.

A core focus of this role will be the underwriting of new issue and performing CMBS loans collateralized by various Commercial Real Estate types (e.g., Office, Retail, Multifamily, Hotels, Industrial, etc.). The Surveillance Analyst will also monitor loan and property performance, create reports and presentations for senior management, and use data analytics to assess and present portfolio exposure.

Responsibilities

• Perform thorough underwriting and cash flow analysis at the loan and property level on original B-Piece acquisitions and performing loans in the CMBS portfolio. Analysts will underwrite loans secured by all property types across all 50 U.S. states.
• Monitor and evaluate credit metrics, loan and property performance, maturities, and dispositions; track changes in performance and analyze risk in the assigned portfolio.
• Coordinate with Master Servicers to ensure adherence to loan documents, including loan covenants and cash management triggers.
• Prepare and present Portfolio Reviews to senior management.
• Monitor news sources to create exposure reports using data analytics to summarize risk to the portfolio.
• Conduct research on market and economic trends, interpret market conditions, and assess their impact on collateral.
• Coordinate with Master Servicers and the REO team on major disaster events and site visits.
• Prepare monthly and quarterly reports for multiple departments, including the executive team.
• Assist in automating standardized reports and improving department processes.
• Handle ad hoc reporting projects for senior management, including portfolio statistics and market studies.

Requirements

• Bachelor’s Degree required; master's preferred in Business Administration, Finance, Real Estate, or a related field.
• 1-2 years of experience, preferably in commercial real estate, CMBS, or structured finance.
• Strong work ethic with the ability to excel in a fast-paced, deadline-driven environment.
• Effective written and verbal communication skills; ability to present ideas clearly and concisely.
• Strong analytical, research, and reporting skills.
• Well-organized with extremely high attention to detail.
• Advanced proficiency with Microsoft Office applications, specifically Excel and PowerPoint.
• Comfortable reading and interpreting legal documents, including loan agreements.

Skills

• Exposure to Trepp, Power BI, Real Capital Analytics, Co-Star, and Bloomberg Terminal is an advantage.
• Interest in big data, business intelligence, and integrating new technology platforms is a plus.