Commercial Real Estate Underwriter

7 days ago


New York, New York, United States Bayview Asset Management Full time
Job Title: Associate, CRE Underwriting

Job Summary:

The Associate, CRE Underwriting role at Bayview Asset Management is responsible for underwriting and closing of all Commercial real estate loans originated by Bayview Asset Management (BAM). This position requires a strong understanding of commercial real estate finance, risk assessment, and loan structuring.

Key Responsibilities:
  • Obtain and perform in-depth due diligence on commercial real estate properties, including reviews of rent rolls, financial statements, tax returns, and other relevant documents.
  • Complete thorough cash flow analysis and ratio analysis to assess the property's ability to generate sufficient operating income to pay debt service.
  • Prepare written documentation of loan terms, conditions, and narratives explaining the loan request, sponsor's business background, loan risks, and mitigating factors.
  • Work closely with various BAM departments, including Real Estate Valuation and CRE asset management teams, to ensure compliance with BAM's credit policies and procedures.
  • Perform site inspections and participate in coordinating responses to B-piece buyers, rating agencies, and other investors' inquiries.
Requirements:
  • Bachelor's degree in business, science, technology, engineering, or math field.
  • Finance, business, or project coordination experience is required.
  • 3-5 years CRE underwriting experience at a prior rating agency, insurance company, or financial institution is preferred.
Location & Compensation:

This role will be based in Bayview's NYC office. Base compensation is expected to be $100-140k with the opportunity for incentive compensation, including bonus compensation.



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