Associate, CRE Underwriting

About the role

SitusAMC is looking for an Associate Underwriting to support the evaluation and management of a diverse portfolio of real estate debt and equity investments. This role works closely with the company's Underwriting Group and Trading team.

Responsibilities

• Coordinate property-level diligence and complete underwriting models for CMBS and other commercial real estate financing transactions across multifamily, industrial, hospitality, retail, and office sectors
• Support the development of strategies for both existing and prospective investments, including engaging with market participants, conducting borrower-, asset-, and market-level analyses, and building financial models across a range of scenarios
• Monitor and perform ongoing surveillance of the firm’s public CMBS investment portfolio, including tracking performance, identifying credit risks, and providing updates on underlying collateral and market conditions
• Partner with senior underwriters to perform due diligence on prospective investment opportunities across the capital stack including Senior Mortgages, Mezzanine Loans, B-Notes, Preferred Equity, JV Equity and NPLs
• Support the investment process by preparing investment committee materials, including analysis of key terms, risks and mitigants, underwriting assumptions, cash flow projections, sponsor evaluations, and market dynamics
• Contribute to ad hoc projects and initiatives that support the investment team’s research-driven approach

Requirements

• 4-6 years of experience in commercial real estate, with exposure to one or more of the following: loan origination, underwriting, loan workouts, or debt/equity asset management
• Bachelor’s degree in economics, finance, real estate, or a related field preferred
• Strong interest in commercial real estate with solid understanding of debt structures and core financial concepts
• Strong analytical and quantitative skills, with excellent organizational, interpersonal, and communication abilities
• Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment
• Maintain high standards of integrity and professionalism, with the ability to maintain confidentiality, adhere to company policies, and contribute to a collaborative, respectful, and team-oriented work environment
• Proficiency in Microsoft Excel and Word; experience with Argus is a plus
• Authorized to work in the United States

Qualifications

• 4-6 years of experience in commercial real estate, with exposure to one or more of the following: loan origination, underwriting, loan workouts, or debt/equity asset management
• Bachelor’s degree in economics, finance, real estate, or a related field preferred
• Strong interest in commercial real estate with solid understanding of debt structures and core financial concepts
• Strong analytical and quantitative skills, with excellent organizational, interpersonal, and communication abilities
• Ability to work independently, manage multiple priorities, and meet deadlines in a fast-paced environment
• Maintain high standards of integrity and professionalism, with the ability to maintain confidentiality, adhere to company policies, and contribute to a collaborative, respectful, and team-oriented work environment
• Proficiency in Microsoft Excel and Word; experience with Argus is a plus
• Authorized to work in the United States

Skills

• Strong analytical and quantitative skills
• Excellent organizational, interpersonal, and communication abilities
• Ability to work independently and manage multiple priorities
• Confidentiality and professional conduct
• Microsoft Excel and Word proficiency

Benefits

• Paid holidays
• PTO
• Medical, dental, and vision insurance
• Disability insurance
• 401(k) plan

Pay

The annual full time base salary range for this role is $140,000.00 - $150,000.00. 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.

Schedule

Full-time

Location

New York, NY, US