Director - CMBS Finance (Capital Markets)
This range is provided by Coda Search│Staffing. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
$300,000.00/yr - $500,000.00/yr
Our Client is an independently owned, NYC based alternative asset management firm currently seeking to add a VP/Director to their growing Real Estate (CMBS) Investments practice. The ideal individual will play the leading role advising/constructing custom investment portfolios, underwriting B-piece loans, and supporting the firm's investment goals and agendas.
This is a newly created role due to firm-wide growth. This select individual should be prepared to complement the firm's legacy investment team, with a specialization in CMBS sub-investment grade (B-Piece) investments.
Key Responsibilities:
- Lead underwriting process for complex real estate (CMBS) debt investment strategies
- Develop and maintain portfolio models, performance & risk analytics, and other relevant monitoring/reporting tools.
- Develop investment analysis and forecast performance for CMBS and real estate-related assets
- Provide analysis and valuation models for CMBS B-Piece securities
- Formulate credit parameters and transaction-level risks relating to property-level cash flows and market data.
- Lead analysis/valuations/due diligence and hypothetical stress testing on complex debt, hard to price real estate transactions
- Conduct thorough sector and issuer due diligence, tracking trends, performance, and macroeconomic drivers to formulate investment recommendations for sectors and individual securities
- Prescreen opportunities prior to the sizing, underwriting, and documentation process
- Formulate buy and/or sell recommendations in both new issue and secondary markets and effectively communicate them to the broader investor community, including through written credit opinions
- Collaborate with our Research, Engineering, Legal, Compliance, and Finance teams to take products from conceptualization to launch. Develop and execute a comprehensive product strategy that leverages our capabilities to create innovative solutions
What you need to succeed:
- 10+ years of experience in the alternative investment industry
- Prior experience with CMBS B-Piece Transactions Strongly Preferred
- Deep understanding of CMBS/CRE-focused securitized products
- Must possess a very good understanding of Mortgage cash flows, prepayments, and prepay models
- CFA designation is strongly recommended; MBA/MFE (or equivalent) is preferred
- Demonstrated experience in building trusted advisor relationships within the Insurance business in relevant insurance markets, private equity, private credit/insurance vertical M&A
- Highly motivated, entrepreneurial, and team-oriented candidates with strong problem-solving skills
- Team orientation and influencing skills
- Strategic and entrepreneurial mindset
- An ability to work through others to influence outcomes, as well as a willingness to “roll-up your sleeves” to get things done
- Track record of successfully building growth plans and accelerating business development within the Insurance vertical
- Knowledge of broad asset classes across the investment spectrum
- Problem solver, with demonstrated ability to deliver innovative solutions
- Ability to cultivate strong working relationships across various functional areas (Investments, ALM, Treasury, Risk, and Finance)
Seniority level
Director
Employment type
Full-time
Job function
Business Development, Strategy/Planning, and Finance
Industries
Capital Markets, Investment Management, and Financial Services
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