NEWMARK
Job Description
NEWMARK:
(Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents.
SPRING11:
Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 600 employees based in New York, Atlanta, Houston, Boca Raton, Kansas City, and Chennai, India.
JOB DESCRIPTION:
We are currently seeking an Underwriting Associate to join our growing team in NYC. This role will provide support in delivering commercial real estate debt and equity underwriting analysis. This role manages multiple transactions with multiple clients under tight timelines.
Responsibilities
ESSENTIAL DUTIES :
* Provide commercial real estate analysis, debt and equity underwriting across all markets and property types for a variety of commercial real estate clients.
* Analyze and interpret operating statements, rent rolls and leases for a variety of commercial properties.
* Prepare financial models using Excel and Argus (including cash flow projections, sensitivity analyses and return analyses.)
* Conduct due diligence through site visits and studying development budgets, sponsor/guarantor credit profiles, KYC reports, property valuations, market information, third party reports and financial statements.
* Perform cash flow modeling based on due diligence findings and in accordance with client and/or rating agency guidelines.
* Review and analyze loan transaction packages for preliminary qualification.
* Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
* Provide credible recommendations to supervisors and senior management based on market research and analysis.
* Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
* Other ad-hoc projects as assigned.
Qualifications
SKILLS , EDUCATION AND EXPERIENCE :
* Bachelor's degree required with a concentration in real estate, finance, business, accounting, or related field.
* 3+ years of relevant professional experience within a real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.
* Outstanding proficiency in creating complex financial models for real estate financial analysis using Excel, including knowledge of advanced Excel functions. ARGUS proficiency is preferred, but not required.
* Strong analytical, quantitative, and communication skills. Must be able to demonstrate strong understanding of financial statements, use of comparative data and financial forecasting.
* Ability to work in a challenging, fast paced environment and handle multiple projects at the same time. Accuracy and attention to detail is critical.
* Willing to question assumptions and demonstrates a passion for continuing education.
* Must work well as part of a team and take ownership in projects.
SALARY:
$85,000-$125,000 annually
The expected base salary for this position ranges from $85,000-$125,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to the base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
WORKING CONDITIONS :
Normal working conditions with the absence of disagreeable elements.
NOTE:
The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
NEWMARK:
(Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents.
SPRING11:
Spring11, an affiliate of Newmark provides a full suite of commercial real estate services to a wide range of clients including some of the world's largest banks, debt and equity funds, REITs, life insurance companies, brokerages, and investors throughout the United States and Europe. Our team consists of over 600 employees based in New York, Atlanta, Houston, Boca Raton, Kansas City, and Chennai, India.
JOB DESCRIPTION:
We are currently seeking an Underwriting Associate to join our growing team in NYC. This role will provide support in delivering commercial real estate debt and equity underwriting analysis. This role manages multiple transactions with multiple clients under tight timelines.
Responsibilities
ESSENTIAL DUTIES :
* Provide commercial real estate analysis, debt and equity underwriting across all markets and property types for a variety of commercial real estate clients.
* Analyze and interpret operating statements, rent rolls and leases for a variety of commercial properties.
* Prepare financial models using Excel and Argus (including cash flow projections, sensitivity analyses and return analyses.)
* Conduct due diligence through site visits and studying development budgets, sponsor/guarantor credit profiles, KYC reports, property valuations, market information, third party reports and financial statements.
* Perform cash flow modeling based on due diligence findings and in accordance with client and/or rating agency guidelines.
* Review and analyze loan transaction packages for preliminary qualification.
* Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
* Provide credible recommendations to supervisors and senior management based on market research and analysis.
* Research and analyze markets and submarkets to ascertain underwriting assumptions and comparable data.
* Other ad-hoc projects as assigned.
Qualifications
SKILLS , EDUCATION AND EXPERIENCE :
* Bachelor's degree required with a concentration in real estate, finance, business, accounting, or related field.
* 3+ years of relevant professional experience within a real estate lending platform, investment bank, institutional real estate fund, or an institutionally backed sponsor.
* Outstanding proficiency in creating complex financial models for real estate financial analysis using Excel, including knowledge of advanced Excel functions. ARGUS proficiency is preferred, but not required.
* Strong analytical, quantitative, and communication skills. Must be able to demonstrate strong understanding of financial statements, use of comparative data and financial forecasting.
* Ability to work in a challenging, fast paced environment and handle multiple projects at the same time. Accuracy and attention to detail is critical.
* Willing to question assumptions and demonstrates a passion for continuing education.
* Must work well as part of a team and take ownership in projects.
SALARY:
$85,000-$125,000 annually
The expected base salary for this position ranges from $85,000-$125,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to the base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
WORKING CONDITIONS :
Normal working conditions with the absence of disagreeable elements.
NOTE:
The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.