Bayview Asset Management, LLC
Associate / Sr. Associate, CRE Underwriting
Bayview Asset Management, LLC, New York, New York, us, 10261
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Associate / Sr. Associate, CRE Underwriting
role at
Bayview Asset Management, LLC .
Position Summary The Associate / Sr. Associate will be responsible for underwriting and closing of all Commercial Real Estate loans originated by Bayview Asset Management (“BAM”). This individual will assist in the initial review, origination, and underwriting/due diligence of commercial real estate loans throughout the United States, working with multiple debt products including bridge/transitional, CMBS, construction and mezzanine solutions for all commercial real estate classes, and other structured real estate financing transactions.
Essential Duties and Responsibilities
Obtain and perform in-depth due diligence including reviews of rent rolls, financial statements, tax returns, third party reports (appraisals, engineering and environmental), insurance policies/documents, property‑related contracts, leases, flood determinations, zoning, bank account analysis, aged receivables, personal financial statements and other pertinent information to assess potential risks and the property’s ability to generate sufficient operating income to pay debt service.
Complete thorough cash flow analysis and ratio analysis, as well as commercial loan structuring and documentation for accuracy, completeness and adherence to approved underwriting and closing conditions.
Prepare written documentation (Investment Committee Memo, ASR) of loan terms, conditions and narratives explaining the loan request, sponsor’s business background, loan risks and mitigating factors, ensuring conformity to BAM’s credit policies and procedures.
Work closely with various BAM departments including Real Estate Valuation and CRE Asset Management teams to ensure compliance with BAM’s credit policies and procedures.
Perform site inspections.
Participate in coordinating responses to B‑piece buyer’s, rating agencies’ and other investors’ inquiries.
Exercise exemplary corporate citizenship, including strict adherence to compliance requirements and Bayview’s tenets.
Other duties as needed or required.
Skills / Knowledge / Abilities Required:
Ability to work in a highly paced and dynamic environment.
Expert use of Excel.
Excellent spelling and grammar.
Preferred knowledge of Argus, Co‑star, Reis and other market data sources.
Preferred:
Ability to work in a highly paced and dynamic environment.
Education and Experience
Bachelor’s degree in business, science, technology, engineering or math field is preferred.
Finance, business, or project coordination experience is required.
2–6 years CRE underwriting experience at a prior rating agency, insurance company or financial institution preferred.
Certifications, Licenses, and/or Registration
No certification, license, and/or registration is required.
Location & Compensation
This is an onsite position based in Bayview’s New York, NY office.
Base compensation is expected to be $120–150k, with opportunity for incentive compensation including a performance‑based bonus.
Physical Demands and Work Environment The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand, walk, reach with hands and arms. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus. Employee will also be required to perform site inspections of real property, and should have a valid driver’s license.
EEO Statement Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
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Associate / Sr. Associate, CRE Underwriting
role at
Bayview Asset Management, LLC .
Position Summary The Associate / Sr. Associate will be responsible for underwriting and closing of all Commercial Real Estate loans originated by Bayview Asset Management (“BAM”). This individual will assist in the initial review, origination, and underwriting/due diligence of commercial real estate loans throughout the United States, working with multiple debt products including bridge/transitional, CMBS, construction and mezzanine solutions for all commercial real estate classes, and other structured real estate financing transactions.
Essential Duties and Responsibilities
Obtain and perform in-depth due diligence including reviews of rent rolls, financial statements, tax returns, third party reports (appraisals, engineering and environmental), insurance policies/documents, property‑related contracts, leases, flood determinations, zoning, bank account analysis, aged receivables, personal financial statements and other pertinent information to assess potential risks and the property’s ability to generate sufficient operating income to pay debt service.
Complete thorough cash flow analysis and ratio analysis, as well as commercial loan structuring and documentation for accuracy, completeness and adherence to approved underwriting and closing conditions.
Prepare written documentation (Investment Committee Memo, ASR) of loan terms, conditions and narratives explaining the loan request, sponsor’s business background, loan risks and mitigating factors, ensuring conformity to BAM’s credit policies and procedures.
Work closely with various BAM departments including Real Estate Valuation and CRE Asset Management teams to ensure compliance with BAM’s credit policies and procedures.
Perform site inspections.
Participate in coordinating responses to B‑piece buyer’s, rating agencies’ and other investors’ inquiries.
Exercise exemplary corporate citizenship, including strict adherence to compliance requirements and Bayview’s tenets.
Other duties as needed or required.
Skills / Knowledge / Abilities Required:
Ability to work in a highly paced and dynamic environment.
Expert use of Excel.
Excellent spelling and grammar.
Preferred knowledge of Argus, Co‑star, Reis and other market data sources.
Preferred:
Ability to work in a highly paced and dynamic environment.
Education and Experience
Bachelor’s degree in business, science, technology, engineering or math field is preferred.
Finance, business, or project coordination experience is required.
2–6 years CRE underwriting experience at a prior rating agency, insurance company or financial institution preferred.
Certifications, Licenses, and/or Registration
No certification, license, and/or registration is required.
Location & Compensation
This is an onsite position based in Bayview’s New York, NY office.
Base compensation is expected to be $120–150k, with opportunity for incentive compensation including a performance‑based bonus.
Physical Demands and Work Environment The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use hands to handle, touch or feel objects, tools, or controls. The employee frequently is required to talk and hear. The noise level in the work environment is usually moderate. The employee is occasionally required to stand, walk, reach with hands and arms. The employee must regularly lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, and the ability to adjust focus. Employee will also be required to perform site inspections of real property, and should have a valid driver’s license.
EEO Statement Bayview is an Equal Employment Opportunity employer. All aspects of consideration for employment and employment with the Company are governed on the basis of merit, competence and qualifications without regard to race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, or any other category protected by federal, state, or local law.
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