Analyst – Real Estate Underwriting

Job Description

Analyst | SitusAMC

The Tone:
This is a full-time role at SitusAMC. SitusAMC is an organization dedicated to transforming client businesses and individual careers within the real estate industry, proudly serving a wide range of clients. They achieve this by delivering crucial due diligence and real estate analysis for various commercial real estate loan types, including CMBS, agency multifamily, and securitization, along with other commercial real estate loan underwriting and debt consulting services. This role is vital for supporting these comprehensive services, requiring the ability to manage multiple transactions for diverse clients under strict timelines, ultimately helping to realize opportunities for everyone SitusAMC proudly serves.

The TL;DR
• Role: Early Career
• Type: Full-time
• Pay: $55000–$65000 yearly
• Mission: Deliver essential due diligence and real estate analysis to support commercial real estate loan underwriting and debt consulting for clients.
• Tech Stack: Argus, Excel

What You’ll Actually Do
• Analytical Support: Provide essential analytical support in the underwriting and closing phases of commercial real estate loans, securitizations, or affordable housing loans on behalf of SitusAMC’s clients.
• Document Review: Systematically review, analyze, and interpret a wide array of financial operating statements, rent rolls, third-party reports, tenant lease agreements, surveys, title reports, zoning reports, property insurance policies, and credit reports to meet due diligence requirements.
• Market Research: Conduct thorough telephone interviews to solicit critical market data from brokers, appraisers, investors, and other market participants, then research, analyze, and summarize market and submarket information including inventory, absorption, new/proposed development, and rent and vacancy trends.
• Data Extraction & Tenant Analysis: Extract pertinent data from appraisal, engineering, environmental, and other third-party reports, while also researching, analyzing, and summarizing tenant-level information, including financial trends and credit ratings or stock market capitalization.
• Report Generation & Valuation: Write detailed property, market, borrower/sponsor descriptions, and third-party report summaries for inclusion in credit memos and asset summary reports, and actively assist in developing value conclusions for all property types.

The Must-Haves
• Background: Bachelor’s degree in accounting, finance, real estate, or business, or an equivalent level of education and experience. This is an entry-level professional position.
• Experience: 0-2 years of industry and/or relevant experience in real estate or financial services, such as appraisal, brokerage, or banking, primarily focused on commercial properties.
• Skills: Proficient in Excel with strong cash flow modeling skills, strong communication and business writing skills, and a full understanding of property sectors (office, retail, industrial, hotel, multifamily) and their different investment characteristics, with an ability to see the “big picture” in commercial real estate and capital markets finance transactions.
• Bonus: Experienced underwriting agency multifamily, CMBS, or CRE balance sheet loans or securitization is strongly preferred, along with familiarity with commercial real estate, affordable housing loans, the due diligence process, commercial lending policies, securitization, and credit and risk management policies. Proficiency in Argus is also preferred.