Underwriting Analyst - Multifamily - CBRE
Boston, MA
About the Job
Underwriting Analyst - Multifamily
Job ID
184296
Posted
10-Sep-2024
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Capital Markets
Location(s)
Boston - Massachusetts - United States of America
About the role:
As a CBRE Underwriting Analyst, you are responsible for coordinating, managing and analyzing underwriting data for conventional Multifamily and Multifamily Affordable Housing in order to assure compliance with Freddie Mac and Fannie Mae commitment and delivery requirements. Work closely with underwriting, closing, legal, production and asset management to manage CBRE’s delivery pipeline within timeline(s) and procedures/controls. Help draft underwriting narratives.
What you'll do:
+ Review underwriting data obtained for compliance with Freddie Mac and Fannie Mae requirements
+ Manage underwriting checklists
+ Prepare written summaries of markets and submarkets using third party data sources
+ Support underwriting teammates with various underwriting tasks/analyses
+ Review for compliance and summarize third party reports regarding property condition, environmental risks, and property value
+ Analyze property operating data such as rent rolls and operating statements
+ Limited travel to physically inspect underwritten assets
+ Participate in all underwriting meetings
What you’ll need:
+ Bachelor's degree from a four-year college or university required. Strong preference for majors in Finance, Accounting, Economics, Real Estate or related fields. Prior experience in the same field is preferred but not mandatory.
+ Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
+ Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.
+ Ability to understand and carry out general instructions in standard situations. Requires intermediate analytical and quantitative skills.
+ Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel.
+ Will be required to travel as needed.
+ Decisions made with general understanding of procedures and company policies to achieve set results and timelines. Errors in judgment may cause short-term impact to co-workers and supervisor.
+ Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
+ In addition to a resume, please submit a cover letter outlining your interest in Multifamily Affordable Housing and how your professional as well as academic background is relevant.
Why CBRE?
When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.
Our culture is built on our RISE values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.
Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
Job ID
184296
Posted
10-Sep-2024
Service line
Advisory Segment
Role type
Full-time
Areas of Interest
Capital Markets
Location(s)
Boston - Massachusetts - United States of America
About the role:
As a CBRE Underwriting Analyst, you are responsible for coordinating, managing and analyzing underwriting data for conventional Multifamily and Multifamily Affordable Housing in order to assure compliance with Freddie Mac and Fannie Mae commitment and delivery requirements. Work closely with underwriting, closing, legal, production and asset management to manage CBRE’s delivery pipeline within timeline(s) and procedures/controls. Help draft underwriting narratives.
What you'll do:
+ Review underwriting data obtained for compliance with Freddie Mac and Fannie Mae requirements
+ Manage underwriting checklists
+ Prepare written summaries of markets and submarkets using third party data sources
+ Support underwriting teammates with various underwriting tasks/analyses
+ Review for compliance and summarize third party reports regarding property condition, environmental risks, and property value
+ Analyze property operating data such as rent rolls and operating statements
+ Limited travel to physically inspect underwritten assets
+ Participate in all underwriting meetings
What you’ll need:
+ Bachelor's degree from a four-year college or university required. Strong preference for majors in Finance, Accounting, Economics, Real Estate or related fields. Prior experience in the same field is preferred but not mandatory.
+ Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.
+ Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.
+ Ability to understand and carry out general instructions in standard situations. Requires intermediate analytical and quantitative skills.
+ Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel.
+ Will be required to travel as needed.
+ Decisions made with general understanding of procedures and company policies to achieve set results and timelines. Errors in judgment may cause short-term impact to co-workers and supervisor.
+ Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
+ In addition to a resume, please submit a cover letter outlining your interest in Multifamily Affordable Housing and how your professional as well as academic background is relevant.
Why CBRE?
When you join CBRE you will have the support and resources of a global firm where an entrepreneurial mentality is encouraged. You'll realize your potential with exciting work, fast-paced assignments, an environment of constant learning and dedication to results! To enable your success, we provide the best tools, training and leaders in the industry.
Our culture is built on our RISE values and reflects the needs and perspectives of our clients and our people. Our work is guided by our North Star: Crafting the real estate solutions of tomorrow, so businesses and people thrive.
Coming to work for CBRE, you will receive a comprehensive benefits package, 401k, and extraordinary perks such as career growth and longevity!
Equal Employment Opportunity: CBRE is an equal opportunity employer that values diversity. We have a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company’s success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
NOTE: Some, but not all, of our positions may have an additional requirement to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing. If you have questions about the requirement(s) for this position, please inform your Recruiter.
CBRE, Inc. is an Equal Opportunity and Affirmative Action Employer (Women/Minorities/Persons with Disabilities/US Veterans)
Source : CBRE