CMBS and Commercial Mortgage Loan Credit Analyst

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 $40bn 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

• Work side-by-side with a senior originator responsible for direct origination of senior commercial mortgage loans spanning $40mm to $300mm+

• Must be capable of screening a significant amount of loan opportunities from both broker packages and direct borrower submissions

• Ability to understand investment criteria across a diverse set of portfolios including dedicated CML separate accounts and unconstrained mutual funds

• Loan categories to include floating and fixed rate loans on stabilized collateral, and selectively, on very “light transitional” collateral (i.e. less transitional as compared to loans in CRE CLO’s)

• Primary team member responsible for up-front underwriting and sizing of loans

• Capable of closing (in a team format with a senior originator) a minimum of $1bn on an annual basis

• After loans are “won”, candidate must be capable of working with broader team to complete full underwriting of the loan and play a major role in creation of underwriting memo and presentation to investment committee

• Work side by side with originator and outside counsel to close loans

• After closing, continue to monitor loans for credit surveillance and borrower communication

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

Key Qualifications

• 2-5+ years’ experience sizing commercial mortgage loans for a CRE loan origination platform

• 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 heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

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.

Our hybrid work model

BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

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.