What are the responsibilities and job description for the Associate position at Newmark?
Position Summary
JOB DESCRIPTION
Salary: $50,000 - $65,000 annually
The expected base salary for this position ranges from $50000 to $65,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
Working Conditions: Normal working conditions with the absence of disagreeable elements.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
JOB DESCRIPTION
- We are seeking a Production Analyst with 1-3 years of commercial real estate experience; Fannie Mae/Freddie Mac multifamily Production or Underwriting experience considered a plus. The Production Analyst's primary responsibility will be to provide day-to-day financial, market and underwriting analysis of multifamily loans, and to manage a pipeline of in process and prospective loans. The candidate will work directly with partner platforms in scheduling and attending property tours for prospective Buyers on assets listed by the aforementioned platforms.
- This role is an excellent opportunity to be thoroughly educated about the process of originating multifamily mortgages, to have extensive contact with our clients and to train under the premier multifamily lending programs of Fannie Mae & Freddie Mac, as well as in the delivery of other proprietary debt and equity products. This position affords the opportunity to work as part of an origination team on the sourcing, structuring and underwriting of transactions.
- Analyze, interpret and present complex multifamily real estate transactions in compliance with respective lender guidelines
- Assist with the assembly of the required reporting for the Origination team – portfolio retention and new generation as needed
- Conduct detailed economic and demographic research to determine feasibility of transactions
- Develop and maintain strong relationships with underwriting, closing and asset management, as well as external agency investors and lending partners
- Communicate with clients regarding various loan programs, determine optimal structures, and present applicable terms to generate business.
- Highly developed analytical, research and written oral presentation skills
- Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
- Demonstrated ability to organize & prioritize projects; complete multiple tasks on schedule
- Ability to work productively under minimal supervision
- Must be proficient In Microsoft Office suite of applications including Word, Excel and PowerPoint
- Strong work ethic and pro-active team player able to work effectively under sometimes stressful conditions
- BA/ BS / Master’s degree in Accounting, Finance, Economics, Real Estate or other related fields
- Able to travel a minimum of 0-20%
- Industry leading Parental Leave Policy (up to 16 weeks)
- Generous healthcare
- Bright Horizons back-up care program
- Generous paid time off
- Education reimbursement
- Referral Program
- Opportunities to network and connect
Salary: $50,000 - $65,000 annually
The expected base salary for this position ranges from $50000 to $65,000 annually. The actual base salary will be determined on an individualized basis taking into account a wide range of factors including, but not limited to, relevant skills, experience, education, and, where applicable, licenses or certifications held. In addition to base salary and a competitive benefits package, this position may be eligible for additional types of compensation including discretionary bonuses and other short- and long-term incentives (e.g., deferred cash, equity, etc.).
Working Conditions: Normal working conditions with the absence of disagreeable elements.
Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.
Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.
Salary : $50,000 - $65,000