NEWMARK

About Newmark (Nasdaq: NMRK)

Newmark Group, Inc., together with its subsidiaries ("Newmark"), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark

KNIGHT FRANK

Together with London-based partner Knight Frank and independently owned offices, our 18,000 experts operate from more than 480 offices around the world. Our long-standing alliance with Knight Frank gives us a global platform and international insight, effectively serving owners, investors, developers and financial institutions across six continents.

Spring11

Spring11, an affiliate of Newmark Knight Frank provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 280 people based in New York, Atlanta, Houston, Boca Raton, London, and Chennai, India.

JOB DESCRIPTION:

We are currently seeking an Associate with 3-5 years of commercial real estate experience to join a Client's Commercial Real Estate Originations team in their New York office. The primary responsibilities of the role include reviewing and sizing loan origination opportunities, managing the flow of and reviewing closing due diligence, completing market due diligence, preparing underwritten cash flow models, and preparing detailed investment committee memorandums on real estate debt transactions. The candidate should understand the loan sizing and closing process for debt transactions and manage the process with some oversight. Additionally, the candidate should be self-motivated, work effectively in teams, detail oriented, and be able to work on multiple transactions at once in a fast-paced environment.

The candidate will have an excellent opportunity to work on a variety of large opportunistic and value-add institutional real estate transactions, including multiple property types across the country. Additionally, the ideal candidate will have experience underwriting and analyzing CMBS debt transactions and interacting with rating agencies.

ESSENTIAL DUTIES :

• Create detailed real estate financial models in Excel.
• Sizing, review, and analysis of new deals on behalf of a senior loan originator.
• Drafting loan applications and reviewing client comments.
• Prepare investment committee memoranda.
• Complete market diligence including site visits, calling leasing brokers for data points, and performing research through market reports and online databases such as CoStar, REIS and RCA.
• Manage the collection and review of business due diligence (i.e. rent rolls, financials, leases, contracts, property management agreement, ground leases, estoppels, etc.).
• Order and review third party reports including appraisal, environmental, property condition, seismic, zoning, credit searches, etc.
• Complete credit review of Sponsor, Guarantor and Borrower (financial statement review and analysis, completion of credit forms, etc.).

SKILLS , EDUCATION AND EXPERIENCE :

• 3-5 years of experience in commercial real estate.
• Bachelor's degree or higher, ideally in a finance-related field of study such as Business Administration, Economics, Finance, Engineering or Mathematics.
• Prior experience in Balance Sheet and CMBS lending is strongly preferred.
• Firm understanding of the principles of finance, business operations, and mathematical and/or statistical modeling.
• Strong user of widely used technical tools such as Excel.
• Creative problem solver with ability to perform well under pressure.
• Clear, logical thinker with strong quantitative abilities.
• Detail oriented, with a highly disciplined approach to process and quality control.
• Ability to learn quickly, multi-task and self-manage priorities.
• Effective communication skills to interact functional partners, clients and rating agencies.
• Strong team player.

WORKING CONDITIONS : Normal working conditions with the absence of disagreeable elements

NOTE: The statements herein are intended to describe the general nature and level of work being performed by employees, and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.