Who You'll Work WithYou will be working on the underwriting team, which is part of the Commercial Mortgage Group.
About The RoleYou will report to the Head of Underwriting. The team works on all types of property types and originates loans that are performing, transitional, bridge and construction.
Responsibilities Understands multiple types of transactions including whole loans, syndicated loans, and CMBS, with deals sizes that vary significantly from $30 million to $500 million.
Able to work on complicated transactions independently and with a team.
Able to Asset Manage Commercial Real Estate loans
Portfolio Management experience in Commercial Real Estate
Uses leadership skills to work with underwriters, originators, closers and legal to complete a transaction
Work with key stakeholders in different departments including Investment Credit and Enterprise Risk Management
Understanding of macro-economic trends and real estate investment fundamentals
Expertise with third party reports including: appraisals, engineering reports as well as understand environmental assessments, zoning letters, credit reports, background checks, credit references, and legal documents.
Experience in multiple markets, research, lending market trends, and real estate market movements.
Present and explain a deal to others in credit committee using a written memo and verbal communication
Evaluate deals, develop underwriting assumptions, and review property-level documents.
Communicate with brokers, agents, and principals to complete strategic research projects and analysis to validate underwriting assumptions
Perform site inspections and summarize findings in writing for loans and syndications
Research comparable properties to determine competitive amenities, rents and sales prices using CoStar, Reis, and Bloomberg
Perform advanced valuation and work with other team members using cash flow analysis with Argus and excel
Skills & Qualifications BA/BS required and an advanced degree a plus.
Robust analytical skills are necessary.
4-7 years of related commercial real estate experience.
Strong organizational, leadership, communication, and quantitative skills.
Expertise in market research, financial statement analysis, and strong written and verbal communication skills.
CompensationThe anticipated base salary range for this position is $140,000 to $160, 000 at the commencement of employment. Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate's geographic location, skills, experience and other qualifications.
In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.
Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.
Work LocationThis position is based in Corebridge Financials' New York office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.
Estimated TravelMay include up to 25%
Benefit Offerings Include:- Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
- Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
- Employee Assistance Program: Confidential counseling services and resources are available to all employees.
- Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
- Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
- Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.
Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.
Functional Area:IN - Investment
Estimated Travel Percentage (%): Up to 25%
Relocation Provided: No
Corebridge Institutional Investments (U.S.), LLC
