Director/VP – CRE/CMBS Credit Specialist – New York

Full-time @BlackRock in Investment Professionals – Investments jobs
  • New York, US View on Map
  • Apply Before : January 9, 2023
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Job Description

Join leading Investment management company BlackRock as Director/VP – CRE/CMBS Credit Specialist in New York, US. refer job details to submit BlackRock job application in New York.

 

Job Title : Director/VP – CRE/CMBS Credit Specialist

Location : New York, US

Job Category: Investment Professionals – Investments

 

Description

About this role

The Global Fixed Income Group (FFI) at BlackRock manages more than $2.5 trillion in fixed income assets across index, active, and liability driven strategies. The platform offers fixed income investors one of the industry’s broadest array of investment choices across index, model-based and fundamental investment styles.

Within FFI, the global Securitized Assets team is composed of over 25 seasoned investment professionals managing more than $100bn in AUM across the spectrum of Commercial Mortgage-Backed Securities (CMBS), Non-Agency Residential Mortgage-Backed Securities (RMBS), Asset Backed Securities (ABS), and Collateralized Loan Obligations (CLO’s). 

The CMBS team within Structured Products currently manages over $40bn in AUM and is seeking an experienced level individual at the Director level with an expertise in commercial real estate (CRE) credit.

KEY RESPONSIBILITIES

Key member of the CMBS portfolio management team serving as a primary CRE analyst, focusing on analyzing the credit aspects of conduit subordinate bonds, down to BBB-, and single-asset-single-borrower (SASB) CMBS subordinate bonds, including below investment grade exposure
Take lead role in evaluating credit on all new issue transactions including conduit transactions, SASB deals and CRE CLO’s
Create detailed written summaries of new issue transactions, including recommendations up and down the capital stack based on credit
Develop loss projections for largest conduit loans on a deal-by-deal basis 
Conduct regular surveillance of conduit and SASB exposure, updating loan loss projections as part of the process
Monitor, and engage with, numerous data and CRE information sources to stay informed both on individual loans / properties and major CRE markets across the United States
Continuously create and implement various process improvements to enhance the efficiency of the credit review and surveillance processes

QUALIFICATIONS

CMBS experience is not required, but strong CRE credit underwriting skills is required
7-10+ years of experience in evaluating and underwriting credit on all major commercial real estate property types, particularly office
Knowledge of strengths and weaknesses of major CRE markets across the country
Ability to closely surveil complicated credit positions, which requires evaluation of readily available CMBS data (e.g. on Trepp or Bloomberg) as well as information obtained via third-party research
Strong communication, interpersonal and time-management skills with an emphasis on being detail oriented
Ability to read and analyze research, financial statements and periodicals.
Ability to successfully perform under pressure and meet deadlines in a fast-paced work environment while managing multiple projects
Proficiency in Microsoft Office including PowerPoint and Excel.  Flexibility to learn other programs including Aladdin and sector-specific tools
Familiarity with Argus, Bloomberg, VBA, SQL, Python is a plus

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

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