Job Description:Job Title CRE Underwriting Associate
Corporate Title Associate
Location New York, NY
OverviewWe are looking for an Associate to join the Deutsche Bank CRE Underwriting team to support the DB CRE platform in screening, sizing, structuring, underwriting and documentation of potential CMBS Conduit and SASB CRE loan opportunities for diverse asset classes across the U.S. Candidates will be exposed to the full breadth of conduit loan originations, pricing, capital markets and other activities in commercial real estate lending and securitization.
What You'll Do - Provide analytical and underwriting support for the screening, sizing, structuring, underwriting, and closing of CMBS conduit and SASB commercial real estate loans
- Partner closely with senior underwriters and originators to prepare comprehensive credit committee memoranda, including cash flow analysis, collateral and sponsor overview, risk assessment, and market evaluation
- Perform property site inspections and develop market and property-level assumptions, including rent, expense, cap rate, and valuation benchmarks
- Review and interpret third-party due diligence reports (appraisals, engineering, environmental, market studies) property leases, rent rolls, and historical and projected financial statements
- Support loan documentation and closing efforts by coordinating diligence items, responding to counsel and internal requests, and ensuring underwriting consistency through closing
- Assist with preparation of securitization materials, including Asset Summary Reports and date tapes, respond to investor, rating agency, and capital market inquires, and maintain underwriting discipline consistent with CMBS conduit standards and internal risk guidelines
Skills You'll Need- Bachelor's degree from an accredited institution and proven experience in CMBS loan underwriting or similar role
- Familiarity with Rating Agency CMBS criteria and underwriting methodology
- Advanced proficiency in Excel, Word, PowerPoint, and Argus, with prior Excel financial modeling experience required
- Excellent communication skills and willingness to work as part of a larger team
- Highly developed organizational and project/time-management skills, with strong attention to detail
- Demonstrated ability to work effectively with team members in diverse groups and regions, with solid work ethic and motivational level
ExpectationsIt is the Bank's expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank's hybrid working model.
The salary range for this position in New York City is $140,000 - $170,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life
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