CMBS and Commercial Mortgage Loan Credit Analyst, Associate

ENGINEERINGUK; New York (NY); Hybrid; USD 116,000 - 155,000; Full time

Job summary

An established industry player seeks a skilled Associate to join their dynamic team in the Commercial Mortgage sector. This role involves direct origination of significant commercial mortgage loans, requiring expertise in sizing and underwriting. You will collaborate closely with senior professionals, navigating a fast-paced environment while managing multiple projects. The position offers a competitive salary and a hybrid work model, fostering collaboration and innovation. Join a forward-thinking firm dedicated to financial well-being and client success, where your contributions will directly impact the financial future of many.

Benefits

Comprehensive Healthcare

Retirement Benefits

Flexible Time Off

Tuition Reimbursement

Qualifications

• 2-5+ years experience in sizing commercial mortgage loans.
• Ability to evaluate credit across major commercial real estate categories.
• Strong communication and detail-oriented skills.

Responsibilities

• Work with senior originator on direct origination of commercial mortgage loans.
• Screen loan opportunities from brokers and direct submissions.
• Monitor loans for credit surveillance and borrower communication.

Skills

Commercial Mortgage Loan Sizing

Credit Evaluation

Communication Skills

Time Management

Detail Orientation

Education

Bachelor's Degree in Finance or Related Field

Tools

Argus

PowerPoint

Excel

Aladdin

Job description

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CMBS and Commercial Mortgage Loan Credit Analyst, Associate

View more categories View less categories Sector Banking and Financial Services Role Analyst Contract Type Permanent Hours Full Time

About this role

BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock's mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares ETFs.

The Global Fixed Income Group (FFI) at BlackRock handles more than $1.2 trillion in fixed income assets across index, active, and liability driven strategies. The platform offers fixed income investors one of the industry's broadest arrays of investment choices across index, model-based and fundamental investment styles.

Within FFI, the global Securitized Assets team is composed of over 30 seasoned investment professionals investing more than $120bn in AUM across the spectrum of Commercial Mortgage-Backed Securities (CMBS), Commercial Mortgage Loans (CML's), Non-Agency Residential Mortgage-Backed Securities (RMBS), Asset Backed Securities (ABS), and Collateralized Loan Obligations (CLO's).

The CMBS/CML team within Structured Products currently manages over $40bn in CMBS AUM and over $5bn in CML AUM and is seeking an individual at the Associate level with an expertise in sizing and playing a key role in the underwriting and closing of directly originated commercial mortgage loans.

Key Responsibilities

• Work side-by-side with a senior originator responsible for direct origination of senior commercial mortgage loans spanning $40mm to $300mm+
  
• Must be capable of screening a significant amount of loan opportunities from both broker packages and direct borrower submissions
  
• Ability to understand investment criteria across a diverse set of portfolios including dedicated CML separate accounts and unconstrained mutual funds
  
• Loan categories to include floating and fixed rate loans on stabilized collateral, and selectively, on very "light transitional" collateral (i.e. less transitional as compared to loans in CRE CLO's)
  
• Primary team member responsible for up-front underwriting and sizing of loans
  
• Capable of closing (in a team format with a senior originator) a minimum of $1bn on an annual basis
  
• After loans are "won", candidate must be capable of working with broader team to complete full underwriting of the loan and play a major role in creation of underwriting memo and presentation to investment committee
  
• Work side by side with originator and outside counsel to close loans
  
• After closing, continue to monitor loans for credit surveillance and borrower communication
  
• Remain informed of market conditions including leverage levels and pricing across competitive landscape
  

Key Qualifications

• 2-5+ years' experience sizing commercial mortgage loans for a CRE loan origination platform
  
• Ability to evaluate credit on all major commercial real estate property categories. Familiarity with other property types including data centers, senior housing, student housing, etc. is a plus
  
• Knowledge of strengths and weaknesses of major CRE markets across the country
  
• Comfortable working in a highly collaborative team environment
  
• Strong communication, interpersonal and time-management skills with an emphasis on being detail oriented
  
• Ability to successfully perform under pressure and meet deadlines in a fast-paced work environment while managing multiple projects
  
• Proficiency in Argus, PowerPoint and Excel. Flexibility to learn other programs including Aladdin and fixed income-specific tools
  

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC's Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [e-mail]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

Company

About Us

BlackRock’s purpose is to help more and more people experience financial well-being. We serve pension plans providing for nurses, teachers, firefighters, law enforcement and other public and private sector workers, individual investors investing for their own retirement, and institutions such as governments, foundations and insurance companies. Clients turn to BlackRock for the innovative solutions they need when planning for their most important goals. We are passionate about helping those we serve build a strong financial future, so we seek out a diverse range of perspectives and talents to solve their most complex challenges.

While our firm has offices across more than 30 countries, we operate as "One BlackRock:” our people thrive on collaboration, mutual trust and respect, and we inspire each other to collectively raise our game. BlackRock is dedicated to its principles, which include a culture of equity and inclusion, where employees can bring their full selves to every conversation, every day.

Our employee networks

Our global networks are dynamic communities built on shared experiences, intersectionality and allyship. They are culture carriers for the firm, offering employees and allies the opportunity to enhance and shape the inclusive culture to which we aspire. Employee networks are sponsored by senior leaders and are proudly designed by employees, for employees.

The Ability & Allies Network (ABN) provides a sense of community, advocacy, resources and support for all types of disability-related issues within the firm.

Awards:

2022 Disability:IN Disability Equality Index

BlackRock was recognised as one of the Best Places to Work for Disability Inclusion after scoring 100% on the Disability Equality Index. The index is a joint initiative between the American Association of People with Disabilities and Disability:IN. that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality.

Glassdoor Best Places to Work 2022 – US & UK

This recognition is a result of the feedback provided by current and former colleagues about their experiences working at BlackRock. Ranking #72 in the US and #12 in the UK.

#1 Capital Markets Industry 2023

BlackRock was named one of America’s Most JUST Companies for the 3rd consecutive year, according to Forbes and JUST Capital. We ranked #1 in the Capital Markets industry. The 2023 list of America’s Most JUST Companies celebrates U.S. corporations that outperform their peers in the Russell 1000 on the priorities of the American people – including issues like fair pay, ethical leadership, good benefits and work-life balance, equal opportunity, customer treatment and privacy, community support, environmental impact, and delivering shareholder return. By balancing the needs of all stakeholders, JUST 100 companies demonstrate that profits and purpose can go hand in hand.

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