CMBS and Commercial Mortgage Loan Credit Analyst, Associate

About this role

BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary, and individual investors around the world. BlackRock’s mission is to create a better financial future for our clients. We have a responsibility to be the voice of the investor, and we represent each client fairly and equally. Constant communication with a diverse team of partners strengthens us and delivers better results for our clients. Continuous innovation helps us bring the best of BlackRock to our clients. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.

The Global Fixed Income Group (FFI) at BlackRock handles more than $1.2 trillion in fixed income assets across index, active, and liability driven strategies. The platform offers fixed income investors one of the industry's broadest arrays of investment choices across index, model-based and fundamental investment styles.
 

Within FFI, the global Securitized Assets team is composed of over 30 seasoned investment professionals investing more than $120bn in AUM across the spectrum of Commercial Mortgage-Backed Securities (CMBS), Commercial Mortgage Loans (CML’s), Non-Agency Residential Mortgage-Backed Securities (RMBS), Asset Backed Securities (ABS), and Collateralized Loan Obligations (CLO’s).
 

The CMBS/CML team within Structured Products currently manages over $50bn in CMBS AUM and over $5bn in CML AUM and is seeking an individual at the Associate level with an expertise in sizing and playing a key role in the underwriting and closing of directly originated commercial mortgage loans.

KEY RESPONSIBILITIES

• Responsible for direct origination of senior commercial mortgage loans spanning $20mm to $100mm

• Capable of originating a minimum of $500mm to $1bn on an annual basis

• Loans to be sourced from both direct borrower relationships and the CML broker community.  Candidate must have a broad array of direct contacts across the CML and CRE business

• Loan categories to include:

  • Fixed rate loans on stabilized collateral

  • Floating rate loans on very “light transitional” collateral (i.e. less transitional as compared to loans in CRE CLO’s)

  • May also consider subordinate debt on a case-by-case basis

• Responsible for evaluating deal flow along with initial preliminary underwriting to identify the most attractive loan candidates that fit portfolio mandates, and presenting best candidates to CML team

• Must be capable of understanding investment criteria across a diverse set of portfolios including dedicated CML separate accounts and unconstrained mutual funds

• Work with underwriting and closing team to take loans through internal credit process and present to Investment Committee

• Maintain communications with borrowers and/or loan brokers throughout entire process

• Candidate must also be able to play a key role in monitoring and surveilling closed loans

• Remain informed of market conditions including leverage levels and pricing across competitive landscape

QUALIFICATIONS

• Must have a minimum of 3-5+ years’ experience personally originating commercial mortgage loans

• Ability to evaluate credit on all major commercial real estate property categories.  Familiarity with other property types including data centers, senior housing, student housing, etc is a plus

• Knowledge of strengths and weaknesses of major CRE markets across the country

• Comfortable working in a highly collaborative team environment

• Strong communication, interpersonal and time-management skills with an emphasis on being detail oriented

• Ability to successfully perform under pressure and meet deadlines in a fast-paced work environment while managing multiple projects

• Proficiency in Argus, PowerPoint and Excel.  Flexibility to learn other programs including Aladdin and fixed income-specific tools

For New York, NY Only the salary range for this position is USD$116,000.00 - USD$155,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock ope