Description
We are seeking an experienced Analyst, Underwriter & Portfolio Manager to join our team. As an Asset Manager, you will be responsible for safeguarding assets by diligently managing an existing portfolio of loans secured by commercial income-producing properties.
Primary Duties and Responsibilities:
- Perform comprehensive underwriting by analysing property operating statements, rent rolls, lease abstracts, and pro forma projections for various asset types (Multifamily, Industrial, Retail, Office, etc.)
- Calculate and analyse key real estate metrics, including Net Operating Income (NOI), Debt Service (including adjustments for interest rate hedges), Debt Service Coverage Ratios (DSCR), and Loan-to-Value (LTV) to determine the borrower's ability to meet current debt service obligations as well as refinance at maturity
- Evaluate the underlying real estate market fundamentals, including submarket conditions, vacancy and rental rate trends, new supply, and the asset's competitive positioning within the market
- Conduct in-depth analysis of individual and corporate guarantors, including a thorough review of personal/corporate financial statements, tax returns, liquidity, contingent liabilities, and global cash flow from assets to assess their financial strength and capacity to support the debt
- Author clear and comprehensive credit approval memorandums that detail the loan structure, collateral, market condition, collateral competitive position in the market, key risks, and provide a well-supported recommendation for risk ratings based on property performance
- Review and evaluate third-party reports, including property appraisals, environmental site assessments (ESAs), and property condition reports (PCRs)
The Ideal Candidate Is:
- Detail-oriented and meticulous in their review of financial data, written approval packages, leases, and third-party reports
- Passionate about real estate and stays current on market trends, transactions, and economic news
- Able to work independently, problem-solve, manage a pipeline of deals, and meet deadlines
- Works effectively with relationship managers, credit officers, legal counsel, and clients to meet client needs, obtain information, assess risk, and proactively identify adverse trends or issues
Basic Qualifications:
- Bachelor's degree or military experience
- At least 2 years of experience in credit underwriting, portfolio management, or asset management
Preferred Qualifications:
- Bachelor's degree in Finance, Real Estate, Accounting, or a related field
- 2-4+ years of dedicated experience in commercial real estate (CRE) credit analysis, underwriting, or asset management
- Proven expertise in analysing CRE property types (e.g., Multifamily, Industrial, Retail, Office)
- Deep understanding of CRE valuation methodologies, interest rate hedging strategies (swaps and caps), and key performance indicators (NOI, DSCR, LTV, Cap Rate, Debt Yield)
- Completion of a formal bank credit training program with a focus on real estate
- Proficiency in ARGUS, CoStar, and other real estate-specific software platforms
- Knowledge of CRE loan documentation and legal considerations
- Advanced proficiency in Microsoft Excel and/or Google Sheets for financial modelling and analysis
- Excellent analytical skills and situational awareness with an ability to identify and mitigate transaction-specific risks
- Strong written and verbal communication skills, capable of discussing complex transactions or situations with credit officers and senior management
Salary Information:
- Charlotte, NC: $119,400 - $136,200 per year
- McLean, VA: $131,300 - $149,800 per year
- Plano, TX: $119,400 - $136,200 per year
Benefits:
- Comprehensive, competitive, and inclusive set of health, financial, and other benefits that support your total well-being