Vice President - CMBS Underwriter

Job Summary

We are seeking a highly analytical and detail-oriented CMBS Underwriter to support the underwriting, structuring, and execution of commercial real estate loans across a diverse set of property types and markets. This role is responsible for evaluating prospective lending opportunities, conducting property- and borrower-level due diligence, preparing credit materials, and coordinating transactions from initial screening through closing and securitization.

Job Responsibilities

• Underwrite commercial real estate loans for securitization via CMBS conduit, for a range of property types and markets.
• Support the screening, sizing, structuring, pricing, and execution of prospective loan opportunities.
• Analyze property cash flows, historical and projected operating statements, rent rolls, lease abstracts, occupancy trends, and borrower/sponsor financial strength.
• Prepare detailed Excel-based underwriting and cash flow models to assess proceeds, DSCR, valuation, and structural sensitivity.
• Conduct market research and property-level analysis, including review of comparable rents, expenses, cap rates, and broader market fundamentals.
• Perform and coordinate due diligence, including review of appraisals, engineering reports, environmental reports, market studies, financial statements, and legal / documentation items.
• Complete site inspections and develop underwriting assumptions related to market positioning, occupancy, tenant quality, and physical condition.
• Prepare credit memoranda, asset summary reports, internal approval packages, and other underwriting deliverables that clearly outline risks, mitigants, and recommended loan terms.
• Partner with internal stakeholders including Originations, Credit Risk, Legal, Capital Markets, and Operations to manage deal flow and ensure timely execution.
• Assist with closing and securitization processes, including diligence tracking, counsel coordination, securitization support, investor questions, and rating agency requests.
• Maintain strong documentation standards and underwriting consistency through closing and post-closing review.
• Support ongoing portfolio surveillance and asset management activities, including quarterly reviews, watchlist monitoring, and identification of emerging credit issues where applicable.

Required

• 5+ years of proven experience underwriting CMBS loans across all the major property types.
• Strong understanding of commercial real estate fundamentals, including cash flow analysis, valuation, collateral review, and sponsor assessment.
• Advanced proficiency in Excel and financial modeling; strong command of underwriting analytics and credit presentation materials.Ability to review and interpret financial statements, rent rolls, leases, third-party reports, and historical/projected financial statements.
• Strong written and verbal communication skills, with the ability to present underwriting conclusions clearly and concisely.
• Exceptional attention to detail and ability to manage multiple transactions simultaneously in a deadline-driven environment.
• Familiarity with rating agency criteria, securitization, and capital markets execution.
• Experience interfacing with originators, legal counsel, rating agencies, investors, and third-party diligence providers.
• Proficiency with Microsoft Office, and Argus.

Education

• Bachelor’s degree in finance or related discipline. A master’s degree is preferred.

Business Insight

Societe Generale is committed to offering an inclusive recruitment experience to all candidates. If you require any reasonable accommodations during the recruitment process, please do not hesitate to let our Recruiters know.

Compensation

Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.