Vice President – CRE Underwriter
Position Overview
We are looking for a Vice President to join the Deutsche Bank CRE Underwriting team to support the DB CRE platform in screening, sizing, structuring, underwriting and documenting CMBS Conduit and SASB CRE loan opportunities for diverse asset classes across the U.S.
What You'll Do
- Provide analytical and underwriting support for the screening, sizing, structuring, underwriting, and closing of CMBS conduit and SASB commercial real estate loans
- Partner closely with senior underwriters and originators to prepare comprehensive credit committee memoranda, including cash flow analysis, collateral and sponsor overview, risk assessment, and market evaluation
- Perform property site inspections and develop market and property-level assumptions, including rent, expense, cap rate, and valuation benchmarks
- Review and interpret third-party due diligence reports (appraisals, engineering, environmental, market studies), property leases, rent rolls, and historical and projected financial statements, support loan documentation and closing efforts by coordinating diligence items, responding to counsel and internal requests, and ensuring underwriting consistency through closing
- Aid with preparation of securitization materials, including Asset Summary Reports and data tapes, and respond to investor, rating agency, and capital markets inquiries as needed, maintain underwriting discipline consistent with CMBS conduit standards, rating agency expectations, and internal risk guidelines
Skills You'll Need
- Bachelor’s degree from an accredited institution and proven years’ experience in CMBS loan underwriting or similar role
- Familiarity with Rating Agency CMBS criteria and underwriting methodology
- Advanced proficiency in Excel®, Word®, PowerPoint®, and Argus®. Prior Excel® financial modeling experience required
- Excellent communication skills, willingness to work as part of a larger team
- Highly developed organizational and project/time-management skills, a demonstrable ability to work effectively with team members in diverse groups and regions
- Solid work ethic, motivation level, and strong attention to detail
Expectations
The Bank's expectation is that employees hired into this role will work in the New York, NY office in accordance with the Bank's hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion. The salary range for this position in New York is $170,000 to $200,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications.