Specialist I, CRE

$52,000 - $52,000/Yr

SitusAMC - Lansing, MI

Full-time - Entry Level

Lansing, MI

Real Estate

About the position

The Specialist I, CRE position at SitusAMC is designed for individuals looking to deliver real estate analysis and underwriting services in the commercial real estate sector. This role involves managing multiple transactions under tight deadlines, providing quality control, and conducting risk assessments. The position requires a blend of analytical skills, financial acumen, and the ability to mentor junior staff, making it ideal for entry-level candidates with a passion for real estate and finance.

Responsibilities

• Deliver real estate analysis and underwriting services for CMBS and other commercial real estate loans.
• Manage multiple transactions with various clients under tight timelines.
• Provide quality control and deal risk assessments for work products.
• Review and analyze financial operating statements, rent rolls, and credit reports.
• Summarize loan documents, lease documentation, and organizational structure documents.
• Analyze market data including inventory, absorption, and rent trends.
• Conduct site inspections and determine market comparables for property valuation.
• Assist with loan closings and procure necessary closing items.
• Conduct telephone interviews to gather market data from various stakeholders.
• Participate in credit committee calls and assist in developing value conclusions for properties.
• Update or create complex cash flow models using Argus or equivalent software.
• Monitor loan performance and escalate default concerns in reports.
• Review construction invoices and audit accounts payable and receivable documentation.
• Work with accounting firms to resolve data discrepancies in loan documentation.
• Identify high-risk loans for portfolio trading and securitization transactions.

Requirements

• Bachelor's degree in Accounting, Finance, Real Estate, or Business preferred.
• 0-2 years of relevant experience in real estate or financial services.
• Experience in appraisal, brokerage, or banking focused on commercial properties.
• Comprehensive knowledge of real estate and due diligence processes.
• Understanding of lending policies and credit risk management.
• Familiarity with various property sectors and their investment characteristics.
• Excellent Excel and cash flow modeling skills.
• Strong business writing and communication skills.
• Excellent organization and detail-oriented skills.
• Ability to manage multiple deadlines and tasks effectively.
• Critical thinking skills to assess risks and resolve issues independently.

Nice-to-haves

• Experience with Argus or similar cash flow modeling software.
• Familiarity with commercial real estate market trends and data analysis.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• 401K plan
• Paid time off (PTO)
• Paid holidays