Grandbridge Real Estate Analyst

Truist; Arlington (VA); On-site; USD 70,000 - 80,000; Full time

Job summary

Truist is seeking a Real Estate Analyst leader to manage CRE analysis within a loan production office. You will provide high-level analytical support for mortgage loan submissions and assist in underwriting, approvals and closings.

You will train analysts, supervise workloads, and engage with borrowers and lenders to build relationships. You will analyze complex property and financials, review third-party reports, and ensure submissions meet lender requirements.

Qualifications

• Bachelor’s degree in Business or related field or equivalent training.
• Three years as CRE analyst/broker/agent or equivalent.
• Completion of MBA/Real Estate Finance related seminars preferred.
• CCIM designation required or preferred.
• Proficient with CRE analysis software (Argus) and databases (Lotus Notes).
• Strong organizational and leadership abilities; ability to manage and supervise others.
• Excellent written and verbal communication; attention to detail and deadlines.
• Proficient with MS Office; willing to travel onsite for engagements.

Responsibilities

• Manage the commercial real estate analysis function in loan production offices.
• Provide high level analytical support for mortgage loan submissions and underwriting.
• Train loan production analysts and supervise their workload and output.
• Interact with borrowers and lenders; develop relationships.
• Analyze leases and income/expense data to estimate NOI and cash flows.
• Coordinate third party reports and appraisals for loan submissions/closing.
• Monitor loan submissions through closing and negotiate terms with producers.

Skills

Analytical ability

Attention to detail

Organization

Team supervision

Initiative

Deadline management

Written and verbal communication

Microsoft Office

Willingness to travel

Real estate market knowledge

Education

Bachelor’s degree in Business or related field

CCIM designation

MBA preferred

Tools

Argus

Lotus Notes

Microsoft Office suite

Job description

Regular or Temporary

Regular

Language Fluency

English (Required)

Work Shift

1st shift (United States of America)

Please review the following job description

Perform several functions within a loan production office or offices. Provide management of the real estate analyst functions, high level commercial real estate mortgage loan analysis and high level analytical consultative support to the loan production staff and customers.

Essential Duties And Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Manage the commercial real estate analysis function in loan production office(s).
• Provide high level analytical support for a loan production office including the preparation of preliminary and final mortgage loan applications, submissions and documents. Assist in the underwriting, approval and closing of mortgage loan transactions.
• Responsible for training of loan production analysts.
• Assist corporate staff in managing the analyst functions in loan production office(s).
• Manage the workload and quality of work of mortgage loan analysts.
• Attend real estate industry trade functions, representing Grandbridge Real Estate Capital.
• Read periodicals and market surveys, advising corporate and loan production staff as to current trends in commercial real estate.
• Create and maintain real estate data files.
• Attend meetings with borrowers and lenders to develop relationships.
• Analyze complex real estate property and financial situations for producers, providing well-founded advice as to alternate courses of action.
• Ability to obtain, understand and analyze data needed to prepare mortgage loan submissions from property owners, borrowers, lenders and third-party sources. Included may be leases, sales contracts, income and expense statements, surveys, property income and expense statements, borrower financial statements, articles of incorporation, partnership agreements, deeds, easements, environmental reports, property condition reports, appraisals, title policies, deeds of trust, notes, mortgage loan commitments, lender checklists, lender loan program requirements, real estate market surveys, comparable sales, overall capitalization rates, vacancy rates, prime and t-bill rates.
• Ability to inspect properties, take digital and film photographs, make notes and maps as to the physical and economic conditions of the property, its immediate area, its neighborhood and its city.
• Ability to interview owners, tenants, third-party report providers, requesting and obtaining information from them as needed.
• Ability to analyze leases, historical income and expense characteristics to derive an estimate of Net Operating Income for a commercial real estate property. Included is the ability to analyze the Net Operating Income with respect to normal market income levels, stabilized vacancy rates, normalized expenses, lender’s specific requirements or lender’s appraisal standards.
• Ability to analyze the borrower’s legal structure and financial statements with regard to normal market parameters and the lender’s requirements.
• Ability to analyze the characteristics of the real estate with respect to industry norms and specific lender requirements.
• Ability to prepare preliminary and final mortgage loan submissions in concert with the originating producer using Microsoft Word and Excel.
• Understand specific lender requirements for submissions of loan package.
• Ability to order, track and analyze appraisals, environmental and engineering studies, credit reports, Dunn & Bradstreet reports, demographic reports and other third party reports needed for the mortgage loan submission and/or closing.
• Ability to review third-party appraisals for compliance with lender requirements and discuss findings with lender representatives.
• Ability to track the committed transaction through the closing process, obtaining additional information from the borrower as necessary for closing.
• Ability to interface with both borrower and lender, calling lender to obtain loan quotes. In concert with the producer, is able to take primary responsibility for the negotiation of applications, commitments and loan closing functions.
• Understand the physical aspects of all commercial property types, typical real estate lending parameters, interest rate structures, tests of reasonableness.

Qualifications

Required Qualifications

• Bachelor’s degree in Business or related field, or equivalent education and related training
• Three years as a commercial real estate analyst, broker, leasing agent or property manager or equivalent
• Completion of the Mortgage Bankers Association’s Commercial Real Estate Finance Underwriting Seminar and Courses 110, 120, and 310 of the Appraisal Institute
• Must have earned the CCIM designation awarded by the CCIM Institute, an affiliate of the National Association of Realtors
• Proficient with contact databases, Lotus Notes, geographical mapping programs, digital imaging, the Internet, digital and film cameras and report binding machine
• Proficient with industry standard commercial real estate analysis programs, such as Argus
• Highly organized
• Ability to organize, direct and supervise others
• High attention to detail
• Ability to meet deadlines
• Maturity and self-confidence to simultaneously handle a variety of assignments
• Ability to work harmoniously with internal/external workers/customers
• Ability to take initiative with nominal direction
• Excellent written and verbal communication skills
• Ability to take initiative with nominal direction
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products
• Ability to travel, occasionally overnight

Preferred Qualifications

• Master’s in Business Administration or Master’s degree in Finance or Real Estate

The annual base salary for this position is $70,000 - $80,000

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.

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