Analyst - Surveillance

Rialto Capital; Miami (FL); On-site; USD 65,000 - 90,000; Full time

Job summary

Rialto Capital is seeking an Analyst to join the CMBS Collateral Surveillance team in Miami. The role focuses on underwriting new issue CMBS loans and monitoring portfolio performance across various property types, including office, retail, multifamily, hotels, and industrial.

The ideal candidate has 1–2 years of CRE/CMBS experience, strong analytical and reporting skills, and proficiency with Excel and data analytics tools.

Qualifications

• Bachelor’s degree required; master's preferred in Business Administration, Finance, Real Estate, or related field.
• 1–2 years of experience, preferably in commercial real estate, CMBS or structured finance.
• Strong work ethic and ability to excel in a fast-paced, deadline-driven environment.
• Excellent written and verbal communication; ability to present ideas clearly and concisely.
• Strong analytical, research and reporting skills.
• Well-organized with high attention to detail.
• Advanced proficiency with Microsoft Office, especially Excel and PowerPoint.

Responsibilities

• Underwriting and cash flow analysis at loan and property level for CMBS loans; exposure to diverse property types across the U.S.
• Monitor and evaluate credit metrics, loan and property performance, maturities and dispositions; track performance changes.
• Coordinate with Master Servicers to ensure adherence to loan covenants and cash management triggers.
• Prepare and present Portfolio Reviews to senior management.
• Monitor market conditions and create exposure reports using data analytics to summarize portfolio risk.
• Research market and economic trends and assess impact on collateral.
• Coordinate with Master Servicers and REO team on disaster events and site visits.
• Prepare monthly/quarterly reports for multiple departments; assist in automating reports and ad hoc portfolio studies.

Skills

Analytical skills

Written & verbal communication

Detail-oriented

Deadline-driven

Presentation skills

Education

Bachelor's degree

Master's degree preferred

Tools

Excel

PowerPoint

Trepp

Power BI

Real Capital Analytics

CoStar

Bloomberg Terminal

Job description

Summary

The CMBS Collateral Surveillance team monitors more than $100B in CMBS transactions and is responsible for assessing the credit quality and risk factors attributable to CMBS loans in the portfolio through underwriting, market research and analytics. We are seeking an Analyst with a minimum of 1-2 years’ experience to join our team. A core focus of this role will be the underwriting of new issue and performing CMBS loans collateralized by various Commercial Real Estate types (e.g. Office, Retail, Multifamily, Hotels, Industrial, etc.) Additionally, the Surveillance Analyst will be responsible for monitoring loan and property performance, creating reports and presentations for senior management and using data analytics to assess and present portfolio exposure.

Key Responsibilities

• Underwriting & Credit Monitoring:
• Thorough underwriting and cash flow analysis at the loan and property level on original B-Piece acquisitions and performing loans in the CMBS portfolio. Analysts will have the opportunity to underwrite loans secured by all property types in all 50 states across the U.S.
• Monitor and evaluate credit metrics, loan and property performance, maturities and dispositions; tracking changes in performance and analyzing risk in assigned portfolio.
• Coordinate with Master Servicers to assure adherence with loan documents including loan covenants and cash management triggers.
• Prepare and present Portfolio Reviews to senior management.
• Market Conditions & Exposure Events:
• Monitor news sources to create exposure reports using data analytics to summarize risk to portfolio.
• Conduct research on market and economic trends, interpreting market conditions and assessing impact to collateral.
• Coordinate with the Master Servicers and REO team on major disaster events and site visits.
• Reporting:
• Preparation of monthly and quarterly reports for multiple departments including the executive team.
• Assist in automating standardized reports and improving department processes.
• Ad hoc reporting projects for senior management including portfolio statistics and market studies.

SPECIFICATIONS

• Bachelor’s Degree required master's preferred. Business Administration, Finance, Real Estate, or related field preferred.
• 1-2 years of experience, preferably in commercial real estate, CMBS or structured finance.
• Strong work ethic; ability to excel in a fast-paced and deadline-driven environment.
• Effective written & verbal communication; ability to present ideas in a clear and concise manner.
• Strong analytical, research and reporting skills.
• Well-organized with extremely high attention to detail.
• Advanced proficiency with Microsoft Office applications, specifically Excel and PowerPoint.
• Comfortable reading and interpreting legal documents including loan agreements.
• Exposure to Trepp, Power BI, Real Capital Analytics, Co-Star and Bloomberg Terminal will be an advantage.
• Interest in big data, business intelligence, and integrating new technology platforms is a plus.