Director, Commercial Real Estate Loan Underwriting

SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!We are looking for a Director for our client, a multi-$billion-dollar financial services institution (the “Bank”). In this role, you would support the origination, underwriting, closing and execution of commercial real estate loans for the Bank’s CMBS and balance sheet programs. The loans are primarily $10-200M, 5 and 10-yr fixed rate loans on stabilized, cash flowing properties in diverse asset classes across the US.The ideal candidate will possess the ability to act as a fully autonomous deal lead, responsible for driving transactions from initial screening through closing and securitization (as appropriate). The role requires strong independent credit judgement, the ability to proactively identify and mitigate risks, and the confidence to influence loan structuring decisions. The Director will serve as a central point of coordination across origination, capital markets, legal, and third party providers, while maintaining accountability for execution timelines and overall deal quality.This position is best suited for candidates with demonstrated experience owning complex CRE transactions end-to-end and operating effectively in high-stakes, internally and externally visible environments (e.g. – credit committees, rating agency presentations, investor discussions, etc.)Serve as the primary underwriting lead with end-to-end ownership of transactions, ensuring timely execution, sound credit outcomes, and alignment across all stakeholdersUnderwrite and close commercial real estate loans for multiple borrowers and different asset typesParticipate in initial loan sizing, collaborating with origination and capital marketsLead preparation and defense of credit memos, clearly articulating key risks, mitigants, and structuring rationale for committee, including cash flow analysis, risks and strengths, borrower / sponsor review, and market analysesAct as the central point of coordination across internal teams and external counterparties, proactively resolving issues and maintaining deal momentumConduct property-level diligence and market analysis with an emphasis on forming independent, defensible views rather than relying solely on third-party inputsComplete site inspections and detailed local analysis, including broker interviews and discussions with property managementAnalyze detailed property financial informationCreate and/or review existing Argus cash flow models; edit assumptions based on actual market data collections and financial review informationAbility to review third party reports (appraisal, engineering, environmental, etc.), and identify key issues that warrant further investigation and/or revisionCollaborate with appraisal review group to discuss specific appraisal methodology and ensure that the assumptions used in the appraisal are well-supported and are consistent with the actual terms at the Property and/or marketAssess borrower’s credit worthiness by reviewing financial statements, credit reports, and media searchesAbility to evaluate major/single tenant performance or financial conditionIndependently identify credit arisks and confidently propose actionable solutions, including structural and other credit enhancement features to adequately address risksLead presentations and discussions with syndication partners, investors and rating agencies regarding any concerns related to loan structure, sponsorship, legal, property, market, and underwritingQualifications/RequirementsCandidate is required to have a BA/BS, ideally in commercial real estate finance, finance or similarAt least 7 years’ experience underwriting commercial real estate loans at a bank, insurance company, debt fund, investment management company or similar; specific focus on CMBS is idealDemonstrated experience independently leading CRE loan transactions from origination through closing (not solely supporting roles)Proven ability to exercise independent credit judgment and make recommendations in situations with incomplete or evolving informationExperience structuring CRE loans, including familiarity with risk mitigation tools (e.g. – reserves, covenants, cash management, other credit enhancements, etc.)Strong work ethic with a solutions-driven approach to working through issues or challengesExcellent communication, organizational and interpersonal skillsDesire to work among a diverse team and be a supportive and collaborative colleagueAbility to multi-task and work effectively under tight deadlinesStrong organizational and execution skills, with the ability to manage multiple tasks and transactions concurrently while maintaining deadlines and attention to detailStrong attention to detail, analytical and accuracy skillsWhat Success Looks LikeConsistently leads transactions from start to finish with minimal senior oversightProduces thoughtful, well-supported credit analysis that drives decision makingProactively identifies risks and offers practical structuring solutionsMaintains control of deal timelines across multiple concurrent transactionsDemonstrates sound judgment and credibility in both internal and external interactionsNote: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.The annual full time base salary range for this role is$200,000.00 - $225,000.00Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.Pay Transparency Nondiscrimination ProvisionSitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.Know Your Rights, Workplace Discrimination is IllegalSummaryLocation: New York, NYType: Full time