Vice President - CMBS Underwriting & Origination - Bank

supports the CMBS Underwriting and Origination team through financial modeling and deal review of the loan requests that they receive. The team prepares Loan Review Forms, Preliminary Underwriting/ Cash Flow Models, and Asset Summary Reports that help in determining whether should proceed with each transaction; and the loan amount, loan structure and spreads to be charged. The team is also responsible for creating and maintaining a database of static information for all Large Loans in CMBS issuance which allows easy comparisons for current deals and better due diligence.

The candidate would help the team to size the number of deals that the team currently works on with the CMBS underwriters and Originators in New York and Los Angeles.

Key Accountabilities :

- Review Offering Memos prepared by brokers and/or Borrowers to gain an understanding of the real estate and the requested financing

- Evaluate and compile property level income statements, rent roll, reimbursements, occupancy statics, sales and occupancy cost information and other information into excel-based models

- Compile market research to determine and verify a project's economics and assumptions in the model. Market research will include third party sources (such as Costar, Reis, Smith Travel Research and others) as well as public information available on the internet

- Review tenant leases and related documentation and prepare an abstract of key terms.

- Evaluate historical and projected capital expenditure budgets

- Prepare asset summary reports which cover short descriptions of property and market characteristics, and strengths and weaknesses of the transaction

- Manage CMBS data and aid in aggregating, sourcing, and populating centralized databases

- Adhoc projects

Stakeholder Management and Leadership:

- The candidate would directly interact with the CMBS Origination teams. They would have to interact with the team members on a regular basis to make sure that the various models, reports and projects that they are developing are as per requirements

- Engage effectively with a diverse set of stakeholders internally & externally on a regular basis

Decision-making and Problem Solving:

- The candidate will have to be proactive in identifying issues and getting them resolved by coordinating with various stakeholders

- The candidate needs to work on several time-sensitive activities and hence is required to be meticulous and efficient

- The candidate should have great eye for detail and should ensure that he/she meets the zero error tolerance requirement as most output forms a critical input for business decision making

- Personal & Interpersonal Skills: Including communication & influence and collaboration

- Management & Leadership: Including people development

Risk and Control Objective :

- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Policies and Policy Standards.

Person Specification :

- Prior Experience in managing team

- Embraces challenge and an evolving/changing environment

- Manage the team effectively in a dynamic environment with tight deadlines, and can prioritize one's own work to achieve them

Essential Skills/Basic Qualifications:

- Postgraduate Degree (or equivalent)

- With prior experience in Real Estate finance or securitized products like CMBS, RMBS, etc

- Excellent knowledge of Real Estate metrics and financial statements

- Excellent in Analytical skills and will be responsible for analyzing the results of the tests that they have developed

- Proficiency in MS Excel, Word and PowerPoint

- Experience of working in a regulated (banking & financial services) environment

- Relevant experience : 5 yrs -8yrs for AVP role ; 8yrs+ VP role

Desirable skills/Preferred Qualifications:

- Experience of working on Argus Software

- Familiar with Bloomberg or Trepp

- Familiar with various market reports like Costar & Reis

- Experience of managing a business project, database or establishing end to end business driven process