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  3. Vice President, Underwriting - Balance Sheet Loans, Hanover Street Capital (NYC)

Vice President, Underwriting - Balance Sheet Loans, Hanover Street Capital (NYC)

Salary
$150,000-$174,999
Employment
Full Time
Real Estate Field
Location
New York
 NY
Postal Code
10005
Country
United States

This job is no longer active.

Description


Hanover Street Capital, LLC (AKA “Hanover Street”), a wholly-owned subsidiary of SitusAMC, is a commercial real estate platform dedicated to exclusively support Deutsche Bank’s Commercial Real Estate Group. We provide a comprehensive suite of world class finance and investment solutions across primarily commercial real estate debt transactions.

We are looking for a Vice President-level Underwriter to join our Credit Analytics team.  In this role, you will be responsible for preparing in-depth analysis and re-underwriting on select assets from Deutsche Bank's multi-billion dollar domestic loan portfolio; this will often involve working on large, highly structured bridge loans.  You will be working directly with Sr. Asset Managers and deal teams, and will present your findings to the most senior leaders of our client’s Asset Management and Credit teams.


Responsibilities include:

  • Conduct financial analysis and re-underwriting of balance sheet loans utilizing Excel and Argus software.  Majority of the loans will be large, complex bridge loans on transitional assets (all asset types, all over the US with a typical deal size ranging from $50 - $300 million)
  • Prepare/update Argus cash flow models; edit assumptions based on updated market data collections and financial review information
  • Analyze detailed property financial information and business plans/budgets
  • Analyze various projections and strategize on proactive loss mitigation strategies
  • Prepare in-depth credit memoranda detailing re-underwriting and related due diligence
  • Present findings to Global Head of Asset Management, Senior Credit team and other senior members of the Asset Management and Originations teams


Desired Skills & Experience

At this time, we do not sponsor any new applicants for work authorization. You must be authorized to work in the United States for continuous employment without any Company sponsorship to be considered.

  • Bachelor’s degree from an accredited institution
  • 5-8 years directly relevant work experience, preferably at a top-tier investment bank, private-equity firm, or advisory firm
  • Advanced financial modeling skills with experience modeling CRE assets and capital structures
  • Advanced experience with Argus preferred
  • Excellent oral and written communication skills.  Proficiency with PowerPoint and creating decks
  • Balanced viewpoint and determination to get to the true story of an asset and its potential performance


We are an equal opportunity employer (m/f/d/v)

This Employer Participates in E-Verify

EOE/M/F/D/V

About SitusAMC

SitusAMC is the leading provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors, across the life cycle of commercial and residential real estate debt and equity. The firm employs more than 3,300 employees with offices in 27 markets across the U.S., Europe and APAC.

 

SitusAMC brings together the industry’s top talent, unparalleled platform and innovative technologies to help clients optimize returns, identify risk, transform processes and infrastructure, and ultimately, realize opportunities in their businesses.




 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Asset / Portfolio Management New York Full Time NY Asset Management, Finance Asset Manager other