Specialist I, CRE

$52,000 - $52,000/Yr

SitusAMC - Montpelier, VT

Full-time - Entry Level

Montpelier, VT

Real Estate

About the position

The Specialist I, CRE role at SitusAMC is designed for individuals looking to deliver comprehensive real estate analysis and underwriting services in the commercial real estate sector. This position involves managing multiple transactions under tight deadlines while providing quality control and risk assessments. The role also includes mentoring junior staff and requires a strong understanding of real estate and financial analysis.

Responsibilities

• Review, analyze, and summarize financial operating statements and other financial due diligence documents.
• Review, analyze, and summarize loan documents and legal due diligence materials.
• Analyze market and submarket information relevant to the real estate industry.
• Conduct site inspections and determine appropriate 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 industry software.
• Monitor loan performance and escalate default concerns in reports.
• Review construction invoices and progress for fund disbursement qualifications.
• Audit accounts payable and receivable documentation for appropriate fund usage.
• Work with accounting firms to resolve data discrepancies in loan documentation.
• Identify and define data 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, due diligence, lending policies, and risk management.
• Understanding of various property sectors and their investment characteristics.
• Excellent Excel and cash flow modeling skills.
• Strong business writing and communication skills.
• Excellent organization and time management 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 equivalent industry software.
• Familiarity with credit committee processes.

Benefits

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