Associate Full Time

We are currently seeking an Underwriting Associate to join our growing team in NYC. This role will provide support in delivering commercial real estate debt and equity underwriting analysis. This role manages multiple transactions with multiple clients under tight timelines.

Responsibilities

ESSENTIAL DUTIES:

• Provide commercial real estate analysis, debt and equity underwriting across all markets and property types for a variety of commercial real estate clients.
• Analyze and interpret operating statements, rent rolls and leases for a variety of commercial properties.
• Prepare financial models using Excel and Argus (including cash flow projections, sensitivity analyses and return analyses.)
• 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.
• Perform cash flow modeling based on due diligence findings and in accordance with client and/or rating agency guidelines.
• Review and analyze loan transaction packages for preliminary qualification.
• Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
• Provide credible recommendations to supervisors and senior management based on market research and analysis.
• Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
• Other ad-hoc projects as assigned.

Qualifications

SKILLS, EDUCATION AND EXPERIENCE:

• Bachelor’s degree required with a concentration in real estate, finance, business, accounting, or 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 be able to demonstrate 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 at the same time. Accuracy and attention to detail is critical.
• Willing to question assumptions and demonstrates a passion for continuing education.
• Must work well as part of a team and take ownership in projects.

Source: Newmark Career Page