Spring11 Analyst – Multi GSE

Full Time
New York, NY
Posted
Job description

NEWMARK

About Newmark (Nasdaq: NMRK)

Newmark Group, Inc., together with its subsidiaries (“Newmark”), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. To learn more, visit nmrk.com or follow @newmark

SPRING11

Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world’s largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 280 people based in New York, Atlanta, Houston, Boca Raton, London, and Chennai, India.

JOB DESCRIPTION:

We are seeking an Analyst with 1-3 years of GSE multifamily underwriting experience. Primary responsibilities will be to provide day-to-day financial, market, and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the underwriting of multifamily mortgages, to have extensive contact with our clients, and to train under the premier programs (Fannie Mae and Freddie Mac). This position affords the opportunity to work closely with our Senior Credit team and Client Originators on the structuring and underwriting of transactions.

ESSENTIAL DUTIES:

  • Analyze, interpret, and underwrite complex multifamily real estate transactions in compliance with respective agency guidelines (Fannie Mae and Freddie Mac)
  • Analyze and interpret operating statements, rent rolls and leases for a variety of commercial properties
  • Conduct detailed market, economic and demographic research to determine feasibility of transactions
  • Prepare and present comprehensive loan approval package to credit committee
  • Develop and maintain strong relationships with origination and closing departments and external agency investors
  • Conduct comprehensive inspections of physical real-estate assets on an as-needed basis

SKILLS, EDUCATION AND EXPERIENCE:

  • Bachelor’s degree in Accounting, Finance, Economics, Real Estate, or other related fields
  • 1-3 years commercial underwriting experience with large loans - GSE multifamily experience is preferred
  • Highly-developed analytical, research, and written/oral presentation skills
  • Detail oriented, with a highly disciplined approach to process and quality control
  • Ability to work in a fast-paced and quickly changing environment
  • Strong organizational and multi-tasking skills
  • Proficiency in Excel

WORKING CONDITIONS: Normal working conditions with the absence of disagreeable elements

NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.

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