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Corebridge Financial · 5 hours ago

Associate Underwriter, CML

New York, NY

Full-time

Hybrid

Entry, Mid Level

$128K/yr - $132K/yr

2+ years exp

Corebridge Financial is a company that partners with financial professionals and institutions to enhance people's financial lives. The Associate Underwriter will be responsible for sizing loans, presenting to the credit committee, and monitoring loan performance within the Commercial Mortgage Group.

Financial ServicesInsuranceLife Insurance

Responsibilities

Knowledgeable in multiple types of transactions and structures used for: whole loans and syndicated loans and CMBS, with deals sizes that vary significantly from $25 million to $500 million

Portfolio management of all transaction types that include stabilized loans as well as construction and transitional loans

Possess knowledge of macro-economic trends and real estate investment fundamentals

Analyze and review third party reports including: appraisals, engineering reports as well as understand environmental assessments, zoning letters, credit reports, background checks, credit references, legal documents

Conduct market research on lending market trends and real estate market movements

Prepare and present credit memos for committee approval

Evaluate deals, develop underwriting assumptions, and review property-level documents

Communicate with brokers, agents and principals to complete strategic research projects and analysis to validate underwriting assumptions

Perform site inspections and summarize findings in writing

Research comparable properties to determine competitive amenities, rents and sales prices using CoStar, Reis, RCA and Bloomberg

Perform advanced valuation and cash flow analysis using Argus

Interact closely with the underwriting team, originators, closers and legal

The position requires the ability to perform market research, financial statement analysis, and strong written and verbal communication skills

Qualification

Commercial real estate experienceAnalytical skillsMarket researchAdvanced degree in real estateQuantitative skillsCommunication skillsOrganizational skillsLeadership skills

Required

BA/BS required

Robust analytical skills are necessary

Must have a minimum 2-3 years of related commercial real estate experience

Strong organizational, leadership, communication, and quantitative skills

Preferred

Advanced degree in real estate is preferred

Highly preferred 3-5 years of related commercial real estate experience

Benefits

Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.

Retirement Savings: We offer retirement benefits options, which vary by location. In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.

Employee Assistance Program: Confidential counseling services and resources are available to all employees.

Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.

Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.

Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.