Generalist Debt Underwriting Associate

Selby Jennings; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Selby Jennings is seeking an Investment Associate for our New York City office. You will participate in the evaluation, underwriting, due diligence, and closing of new investment opportunities across distressed and CRE loans, with high visibility to the Investment Committee.

You will value CRE asset classes in the New York metro area, write investment memoranda, develop scenarios, and collaborate with Sourcing, Asset Management, and Legal teams to optimize outcomes.

Qualifications

• Four to six years of CRE underwriting experience with strong Excel and Argus skills.
• Experience with loan data tapes, portfolio analysis, and stress testing.
• Strong writing skills to synthesize analysis into investment memoranda.

Responsibilities

• Underwrite and price CRE loans and loan portfolios
• Lead due diligence and facilitate closings
• Review loan documents and incorporate provisions into modeling
• Value CRE assets in the New York metro area
• Prepare investment memoranda for the Investment Committee
• Develop scenario analyses and fund models
• Collaborate with Sourcing, Asset Management, and Legal teams
• Support development of AI-enabled underwriting workflows

Skills

CRE underwriting

Excel

ARGUS

Financial modeling

Due diligence

Investment memoranda

Scenario analysis

Team player

Tools

Excel

ARGUS

Financial modeling tools

Job description

The client is a data-driven private equity fund manager that invests in distressed debt secured by commercial real estate. We are seeking to add an Investment Associate to the team based in our New York City office. The Associate will participate in the evaluation, underwriting, due diligence, and transaction closing of new investment opportunities, as well as the analysis of existing investments. This position will have high visibility and direct exposure to the Investment Committee.

What You'll Do:

• Underwrite and price nonperforming, subperforming, and performing loans and loan portfolios
• Lead due diligence process and facilitate investment closings
• Review litigation and legal provisions in loan documents and incorporate them into modeling and pricing
• Value all CRE asset classes in the New York metro area
• Write investment memoranda and present opportunities to the Investment Committee
• Develop scenario analyses and build fund models
• Collaborate with Sourcing, Asset Management, Property Management, Data Strategy, and Legal teams to analyze existing investments and optimize outcomes
• Assist in the creation of agentic AI systems that improve underwriting and asset management workflows

We're Looking For:

• Four to six years of CRE underwriting experience, including strong Excel, Argus, and general financial modeling skills
• Experience with loan data tapes, portfolio-level analysis, scenario/stress testing, and partnership waterfalls
• Strong formal writing skills, ability to synthesize complex analysis into clear investment memoranda
• Someone who will thrive as part of a small, high-performing team