Spring11 - Underwriting Associate (Client Facing)
Newmark · New York, NY · 3 wk ago
Finance$90k–$125k/yrFull-time
Responsibilities
- Analyze potential opportunities to determine investment potential.
- Produce detailed financial models using Excel and ARGUS.
- Conduct due diligence through site visits and studying development budgets, sponsor/guarantor credit profiles, KYC reports, property valuations, market information, third party reports and financial statements.
- Prepare investment committee packages and assist in the presentation of transactions to investment committee.
- Support the management of the deal pipeline.
- Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
- Aid in the continuous monitoring of the overall portfolio and credit risk.
- Develop and maintain relationships with mortgage bankers, real estate brokers, developers, and investors.
Qualifications
- Bachelor's degree in real estate, finance, business, accounting, or a related field.
- 3+ years of relevant professional experience within a real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.
- Outstanding proficiency in creating complex financial models for real estate financial analysis using Excel, including knowledge of advanced Excel functions.
- ARGUS proficiency is preferred, but not required.
- Strong analytical, quantitative, and communication skills.
- Must have a strong understanding of financial statements, use of comparative data, and financial forecasting.
- Ability to work in a challenging, fast-paced environment and handle multiple projects simultaneously.
- Accuracy and attention to detail are crucial.
- Willingness to question assumptions and a passion for continuing education.
- Must be able to work effectively as part of a team and take ownership in projects.
Pay
Salary range: $90,000 - $125,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held.