Spring11 – Underwriting Associate (Client Facing) Full Time

Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world’s largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 600 employees based in New York, Atlanta, Houston, Boca Raton, Kansas City, and Chennai, India.

JOB DESCRIPTION:

This role will be dedicated to a leading global alternative investment manager.

Our Client is a leading global alternative asset manager with $269 billion in assets under management.

Spring11 is seeking an exceptional individual to join its team as an Associate in New York. The ideal candidate for the role has a bachelor’s degree in addition to 3+ years of experience preferably within a real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.

The Associate will analyze and support all aspects of the platform, including origination, underwriting, and asset management. Based at the Company’s Headquarters in Midtown Manhattan, specific responsibilities will include the following:

Responsibilities

ESSENTIAL DUTIES:

• 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.
• Assist management in continuous monitoring of overall portfolio and credit risk.
• Develop and maintain relationships with mortgage bankers, real estate brokers, developers and investors.

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