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Join Deutsche Bank’s CRE underwriting team in NYC as a Junior Loan Associate, supporting CMBS loans and securitization.
Enjoy hybrid work, competitive salary, inclusive culture and growth opportunities in real estate finance.
Position Overview
Job Title CRE US Associate Corporate Title Associate Location New York, NY Overview We are looking for an Associate to join the Deutsche Bank CRE Underwriting team to support the DB CRE platform in screening, sizing, structuring, underwriting and documentation of potential CMBS Conduit and SASB CRE loan opportunities for diverse asset classes across the U.S. Candidates will be exposed to the full breadth of conduit loan originations, pricing, capital markets and other activities in commercial real estate lending and securitization.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift, and volunteer programs
What You’ll Do
Provide analytical and underwriting support for the screening, sizing, structuring, underwriting, and closing of CMBS conduit and SASB commercial real estate loans
Partner closely with senior underwriters and originators to prepare comprehensive credit committee memoranda, including cash flow analysis, collateral and sponsor overview, risk assessment, and market evaluation
Perform property site inspections and develop market and property-level assumptions, including rent, expense, cap rate, and valuation benchmarks
Review and interpret third-party due diligence reports (appraisals, engineering, environmental, market studies) property leases, rent rolls, and historical and projected financial statements
Support loan documentation and closing efforts by coordinating diligence items, responding to counsel and internal requests, and ensuring underwriting consistency through closing
Assist with preparation of securitization materials, including Asset Summary Reports and date tapes, respond to investor, rating agency, and capital market inquiries, and maintain underwriting discipline consistent with CMBS conduit standards and internal risk guidelines
Skills You’ll Need
Bachelor's degree from an accredited institution and proven experience in CMBS loan underwriting or similar role
Familiarity with Rating Agency CMBS criteria and underwriting methodology
Advanced proficiency in Excel, Word, PowerPoint, and Argus, with prior Excel financial modeling experience required
Excellent communication skills and willingness to work as part of a larger team
Highly developed organizational and project/time-management skills, with strong attention to detail
Demonstrated ability to work effectively with team members in diverse groups and regions, with solid work ethic and motivational level
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $140,000 - $170,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life
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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively. Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view 'Deutsche Bank’s Equal Opportunity Policy Statement' and the following notices: 'EEOC Know Your Rights' ; 'Employee Rights and Responsibilities under the Family and Medical Leave Act' ; and 'Employee Polygraph Protection Act'.