The Situs Companies Work Values

Daily Duties at The Situs Companies :

- Performed due diligence processes for CMBS clients, which includes property cash flow analysis, underwriting, market research, property inspections, third-party report review, credit committee memo for fixed income product and securitization/syndication support - Performed financial due diligence for all asset types for lenders and investors for deals ranging in size from $10 million to $1 billion - Co-anchored a team in assisting a lender in instituting a new asset management system (Closer) and re-underwriting all loans on their balance sheet, including participating in a roundtable committee to accomplish final underwriting of bank assets - Underwrote approximately $1 billion of CMBS loans over the last 12 months - Team lead for reviewing underwriting and valuations for specific property type for a B-Piece investor, which included participating in credit committee calls with senior client management to support valuation conclusions - Provided asset management and surveillance support, including quarterly asset review on existing debt positions to senior management - Performed Agreed Upon Procedures for lenders, which included testing operating statements to source documents, variance analysis, and generating summary reports - Ability to perform basic Argus functions with exposure to more advanced Argus functionality such as: comparing and assessing files, creating cash flow analysis and troubleshooting - Supervised and mentored junior level analysts

What they like about The Situs Companies :

You give high priority to hiring firms with prestige. Market reputation and prestige of a firm may be determined through on-line research, and conversations with individuals working in your target industry. Note that firms "in the public eye" receive a great deal more critical publicity and attention than those operating with more anonymity. So as you assess your employment opportunities, be sure to seek out the positive aspects of the firm's reputation in addition to noting negative publicity the company may have received.

Tags

Commercial Real Estate, Underwriter, Credit Analyst

Skills

Financial Analysis, Multi-task, Real Estate Valuation, Author Credit Memos, Analyze Borrower Financial Position, Market Analysis, Review 3rd Party Reports - Appraisals, Phase I, & Property Condition Reports, Excel, Word, Lease Estoppel Review, Underwrite Complex CRE Transactions, Perform Site Inspection for all CRE Products, Manage junior staff

These are some of the questions we asked our climbers about their experiences with The Situs Companies :