CBRE is looking for an experienced Senior Underwriter to be a team leader and primary client contact for select clients. The ideal candidate will have experience managing institutional clients and have in depth knowledge of commercial real estate and capital markets with a focus on value-add transactions and experience with construction lending.
The Senior Underwriter will report directly to the Director of Underwriting. Primary responsibility is to coordinate and execute due diligence services associated with senior commercial mortgage loans and preferred equity transactions for institutional clients. Real estate transactions will be primarily bridge and construction loans on transitional assets.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Senior Underwriter will manage and execute the due diligence process including: compiling DD checklist, reviewing property related documents including leases, reviewing all third-party reports and preparing/reviewing cash flow models. Deliverable will vary by client but will typically include a comprehensive asset summary or investment memo.
SUPERVISORY RESPONSIBILITIES The Senior Underwriter will assist in supervisory responsibilities of the Underwriter and/or Underwriting Analyst in this position. Coordinate and assign tasks to co-workers within a work unit and/or project team. Lead project teams and/or plan and supervise assignments of lower level employees. May have responsibility for identifying training needs, tracking performance, coaching, and motivating a work unit and/or group.
EDUCATION and EXPERIENCE Bachelor's degree from a four-year college or university required. Concentration in Finance, Accounting, Economics, Real Estate or other related subject preferred. Minimum five years Underwriting experience but prefers 10+ years.
COMMUNICATION SKILLS The Senior Underwriter should possess strong communication skills and experience with value-add and real estate projects and construction projects as there is a focus on understanding the business plan for the project and the property's place in the market. Where diligence varies from the initial underwriting or investment thesis, the Senior Underwriter will be proactive in working with the client's deal team to highlight variances and resolve issues
Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and professional service to clients. Ability to effectively present information.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve problems involving several options in situations. Requires advanced analytical and quantitative skills.
Will be required to travel as needed.
SCOPE OF RESPONSIBILITY
Internal Number: 20004383
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
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