Analyst, Capital Markets

TIAA; New York (NY); On-site; USD 80,000 - 100,000; Full time

Job summary

Nuveen is seeking an Analyst, Real Estate Capital Markets in New York to support the Senior Director, Head of Syndicated Loans, and assist in due diligence, structuring, underwriting and negotiations of back leverage and syndicated loans for NRE’s structured credit business.

Under close supervision, you will help with deal execution, financial modeling, and creating memorandums, while coordinating with debt origination, closing, legal and asset management teams to ensure timely delivery.

Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, or related field.
• Strong knowledge of CRE finance and real estate private equity with exposure to syndicated loans/back leverage.
• Familiar with CRE due diligence, loan documentation and intercreditor agreements.
• Proficient in real estate underwriting, cash flow analysis and property-level performance review.
• Advanced Excel proficiency with complex financial modeling.

Responsibilities

• Customize IIMs into Sales Memorandums and coordinate confidentiality agreements.
• Support due diligence for loan syndications, fund and asset level financing requests.
• Navigate and enhance financial models for back leverage and syndication decisions.
• Review loan docs and intercreditor documents with legal and closing teams.
• Coordinate post-closing transitions with syndicate and asset management teams.
• Prepare ad-hoc analyses and presentations for Head of Capital Markets and stakeholders.
• Assist with cash flow underwriting and deal memos for Investment Committee.
• Support financing and dispositions of equity assets as needed.

Skills

CRE finance

Syndicated loans

Cash flow analysis

Financial modeling

Intercreditor agreements

Real estate private equity

Education

Bachelor's degree in Finance/Real Estate/Economics

Tools

Advanced Excel

Job description

The Analyst, Real Estate Capital Markets will report directly to the Senior Director, Head of Syndicated Loans and assist in all aspects of real estate property due diligence, structuring, underwriting and deal negotiations of all back leverage and syndicated loans for NRE’s structured credit business. Under close supervision by the Head of Syndicated Loans, this job facilitates the successful execution of all back leverage and syndicated loan positions, supports other team members within Capital Markets and help support strategic initiatives led by Capital Markets and the wider structured Commercial Real Estate Debt sector.

Key Responsibilities and Duties

• Primary responsibilities for the role will include customizing Initial Information Memorandums (IIM’s) prepared by Debt Origination into Sales Memorandums, coordinating confidentiality agreements with counterparties, working with the wider Capital Markets team to target optimal distribution of senior debt positions, coordinating feedback from prospective syndicate and back leverage partners, and working closely with the debt origination, closing, legal and asset management teams in all aspects of deal execution for syndicated loans.
• Support the due diligence process for all loan syndications, fund and asset level financing requests, coordinating with internal colleagues in debt origination, NRE equity funds and third-parties to ensure accurate and consistent information is shared across the Capital Markets platform.
• Navigate and improve upon existing financial models to facilitate real estate loan back leverage and syndication, debt origination, and asset management decisions and provide any ad hoc debt and equity fund-level analysis as needed by the Capital Markets team.
• Review primary loan documentation, loan modification and intercreditor documents required for all syndicated loan executions working closely with legal and closing departments to ensure consistent and timely deal execution.
• Facilitate a smooth transition with syndicate partners to the Asset Management team post-closing of all successfully syndicated or back-levered loans.
• Prepare any ad-hoc analysis or presentations required by the Head of Capital Markets and any specific financial and operating performance summaries to assist with internal team, internal audit, investor, client and lender due diligence requests.
• Additional responsibilities will include assisting other members of the Capital Markets team on cash flow underwriting analysis, assisting with the preparation of deal memos required for Investment Committee and assisting with the financing and/or dispositions of equity assets.

Educational Requirements

• University (Degree) Preferred

Work Experience

• No Experience Required

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level

5IC

Preferred Skills

• Bachelor's degree in Finance, Real Estate, Economics, or a related field
• Working knowledge of commercial real estate (CRE) finance and real estate private equity, with exposure to syndicated loans, back leverage, or structured credit
• Working knowledge of the CRE loan due diligence process and loan documentation, including intercreditor agreements, note-on-note financing, and master repurchase agreements
• Working knowledge of real estate underwriting, including cash flow analysis and property-level performance review
• Advanced Excel proficiency, including complex financial modeling, scenario analysis, and building or improving models for loan structuring and underwriting

Related SkillsConstruction Management, Due Diligence, Financial Acumen, Financial Analysis, Financial Risk Management, Financial Statements, Market/Industry Dynamics, Organizational Savviness, Real Estate Investments, Real Estate Property Management

Anticipated Posting End Date

2026-10-28

Base Pay Range

$80,000/yr - $100,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy. Visit www.nuveen.com to learn more about us.

Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values: Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries with shared purpose, accelerating innovation and delivering meaningful results. Our workplace brings together TIAA and Nuveen's entrepreneurial spirit, where we work hard and work together to create lasting impact. Here, every associate can grow through meaningful learning experiences and development pathways—because when our people succeed, our impact on clients' lives grows stronger.

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our Benefits Summary.

Equal Opportunity

We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

Our full EEO & Non-Discrimination statement is on our careers home page, and you can read more about your rights and view government notices here.

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