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Vice President, CMBS Securitization
- SitusAMC (New York, NY)
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SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.
At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!
Our client is the New York-based Commercial Real Estate Finance group within the investment bank of a premier European-global financial services institution. Their real estate group is consistently ranked among the top-10 global and US CMBS bookrunners, and they consistently look to grow their platform and expand into new products, including a budding balance sheet lending program.
Essential Job Functions:
• Responsible for significant facets of securitization of commercial real estate loans, including review of Pooling and Servicing Agreements and offering memoranda, review of intercreditor agreements relating to mezzanine loans and other sub-debt and participation agreements Prepare loan files, legal documents, asset summary reports, third party reports, schedules, and data tapes for B-piece investor and rating agency due diligence review of CMBS securitized transactions
Work with securitization counsel on large loan summaries, risk factor collateral disclosures, and rep exceptions for prospectus supplements
Participate in presentations and discussions with B piece investors and rating agencies regarding loan structure, sponsorship, legal, property, market, and underwriting issues
Facilitate responses to investor and rating agency Q&A and coordinate follow up calls
Coordinate on-going dialog with rating agencies, accountants, B buyers and clients
Aid in the preparation of materials for critical internal and external initiatives, on an ad hoc basis
Qualifications/Requirements:
+ Bachelor’s degree from a recognized institution
+ 7-10 years' experience in CMBS related work at an accounting firm, or a similar role at another large bank. Undergraduates with relevant coursework and/or internship experience will be considered.
+ Understanding of real estate and securitization concepts and terminology
+ Familiarity with securitization offering documents (Securitization Term Sheets, OC/OMs, etc.), mortgage loan legal documents including Third-Party reports (Appraisals, PCAs, ESAs etc.) is appreciated.
+ Proficiency in Microsoft Excel and experience managing large spreadsheets and data tapes.
+ Ability to prioritize and meet multiple deadlines
+ Ability to work in a fast paced, demanding environment
Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
The annual full time base salary range for this role is
$200,000.00 - $225,000.00
Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
Pay Transparency Nondiscrimination Provision (https://go.situsamc.com/rs/962-QMP-613/images/pay-transp\_%20English\_formattedESQA508c.pdf?version=0)
SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Know Your Rights, Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12ScreenRdr.pdf)
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