Grandbridge Real Estate Analyst

Truist; Atlanta (GA); On-site; USD 70,000 - 80,000; Full time

Benefits offered by this job

Medical/dental/vision insurance

401k plan with company match

Paid time off and holidays

Professional development opportunities

Job summary

Truist is seeking a senior CRE analyst to lead the mortgage loan analysis function in our Atlanta loan production offices. You will support underwriting, submissions, and closings while training analysts and ensuring high-quality work.

You will read market surveys, develop borrower relationships, and analyze NOI, leases, and financial statements to guide lending decisions in a fast-paced CRE environment.

Qualifications

• Bachelor’s degree in Business or related field or equivalent
• Three years as a commercial real estate analyst or equivalent
• CCIM designation required
• Completion of MBA/real estate finance related training preferred
• Proficient with real estate databases and Argus

Responsibilities

• Manage commercial real estate analysis function in loan production offices
• Provide high level analytical support for mortgage loan applications and submissions
• Assist in underwriting, approval and closing of mortgage loan transactions
• Train loan production analysts
• Oversee workload and quality of mortgage loan analysts
• Represent Grandbridge Real Estate Capital at industry events
• Read market surveys and advise on CRE trends
• Create and maintain real estate data files
• Attend meetings with borrowers and lenders to develop relationships
• Analyze complex real estate properties and financials for producers
• Obtain and analyze data for mortgage loan submissions from owners, borrowers, lenders, third parties
• Inspect properties, take photos, and map conditions
• Interview owners, tenants, third-party providers as needed
• Analyze leases and NOI to estimate property performance
• Analyze borrower's legal and financials per lender requirements
• Prepare preliminary and final loan submissions in Word/Excel
• Order and track appraisals, environmental/engineering studies, credit reports
• Review third-party appraisals for lender compliance
• Track transaction through closing and obtain required information
• Interface with borrower and lender; negotiate loan applications and closings
• Understand property types and lending parameters

Skills

Excellent communication

High attention to detail

Mature with self-confidence

Ability to supervise others

Organizational skills

Travel readiness

Microsoft Office proficiency

Data analysis mindset

Education

Bachelor’s degree in Business or related field

CCIM designation

MBA (preferred)

Tools

Argus

Job description

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.

• 1. Manage the commercial real estate analysis function in loan production office(s).
• 2. 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.
• 3. Responsible for training of loan production analysts.
• 4. Assist corporate staff in managing the analyst functions in loan production office(s).
• 5. Manage the workload and quality of work of mortgage loan analysts.
• 6. Attend real estate industry trade functions, representing Grandbridge Real Estate Capital.
• 7. Read periodicals and market surveys, advising corporate and loan production staff as to current trends in commercial real estate.
• 8. Create and maintain real estate data files.
• 9. Attend meetings with borrowers and lenders to develop relationships.
• 10. Analyze complex real estate property and financial situations for producers, providing well-founded advice as to alternate courses of action.
• 11. 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.
• 12. 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.
• 13. Ability to interview owners, tenants, third-party report providers, requesting and obtaining information from them as needed.
• 14. 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.
• 15. Ability to analyze the borrower’s legal structure and financial statements with regard to normal market parameters and the lender’s requirements.
• 16. Ability to analyze the characteristics of the real estate with respect to industry norms and specific lender requirements.
• 17. Ability to prepare preliminary and final mortgage loan submissions in concert with the originating producer using Microsoft Word and Excel.
• 18. Understand specific lender requirements for submissions of loan package.
• 19. 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.
• 20. Ability to review third-party appraisals for compliance with lender requirements and discuss findings with lender representatives.
• 21. Ability to track the committed transaction through the closing process, obtaining additional information from the borrower as necessary for closing.
• 22. 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.
• 23. Understand the physical aspects of all commercial property types, typical real estate lending parameters, interest rate structures, tests of reasonableness.

QUALIFICATIONS

Required Qualifications:

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

Preferred Qualifications

1. 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

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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