Associate Underwriter, CML

Who We Are
At Corebridge Financial, we believe action is everything. That’s why every day we partner with financial professionals and institutions to make it possible for more people to take action in their financial lives, for today and tomorrow.
We align to a set of Values that are the core pillars that define our culture and help bring our brand purpose to life:

• We are stronger as one: We collaborate across the enterprise, scale what works and act   decisively for our customers and partners.
• We deliver on commitments: We are accountable, empower each other and go above and beyond for our stakeholders.
• We learn, improve and innovate: We get better each day by challenging the status quo and equipping ourselves for the future.
• We are inclusive: We embrace different perspectives, enabling our colleagues to make an impact and bring their whole selves to work.

Who You’ll Work With

You will be working on the underwriting team, which is part of the Commercial Mortgage Group.

About The Role

You will report to the Head of Underwriting with responsibility to size loans, present to credit committee, close loans, and monitors performance of loans that are high touch.  The team works on all types of property types and originates loans that are performing, transitional, bridge and construction.

Responsibilities

• Knowledgeable in multiple types of transactions and structures used for: whole loans and syndicated loans and CMBS, with deals sizes that vary significantly from $25 million to $500 million.
• Portfolio management of all transaction types that include stabilized loans as well as construction and transitional loans.
• Possess knowledge of macro-economic trends and real estate investment fundamentals.
• Analyze and review third party reports including: appraisals, engineering reports as well as understand environmental assessments, zoning letters, credit reports, background checks, credit references, legal documents.
• Conduct market research on lending market trends and real estate market movements.
• Prepare and present credit memos for committee approval.
• Evaluate deals, develop underwriting assumptions, and review property-level documents.
• Communicate with brokers, agents and principals to complete strategic research projects and analysis to validate underwriting assumptions.
• Perform site inspections and summarize findings in writing.
• Research comparable properties to determine competitive amenities, rents and sales prices using CoStar, Reis, RCA and Bloomberg.
• Perform advanced valuation and cash flow analysis using Argus.
• Interact closely with the underwriting team, originators, closers and legal.
• The position requires the ability to perform market research, financial statement analysis, and strong written and verbal communication skills. 
• Please note this is not an exhaustive list of all responsibilities of the position, and the requirements of the job may change in line with business needs.

Skills and Qualifications

• BA/BS required
• Advanced degree in real estate is preferred
• Robust analytical skills are necessary
• Must have a minimum 2-3 years of related commercial real estate experience, highly preferred 3-5 years
• Strong organizational, leadership, communication, and quantitative skills.

Compensation

The anticipated base salary range for this position is $128, 000 to $132, 000 at the commencement of employment.  Not all candidates will be eligible for the upper end of the salary range. The actual compensation offered will ultimately be dependent on multiple factors, which may include the candidate’s geographic location, skills, experience and other qualifications.

In addition, the position is eligible for a discretionary bonus in accordance with the terms of the applicable incentive plan.

Corebridge also offers a range of competitive benefits as part of the total compensation package, as detailed below.

Work Location

This position is based in Corebridge Financial’s New York City office and is subject to our hybrid working policy, which gives colleagues the benefits of working both in an office and remotely.

Estimated Travel

May include up to 25 %

Why Corebridge?
At Corebridge Financial, we prioritize the health, well-being, and work-life balance of our employees. Our comprehensive benefits and wellness program is designed to support employees both personally and professionally, ensuring that they have the resources and flexibility needed to thrive.
Benefit Offerings Include:

• Health and Wellness: We offer a range of medical, dental and vision insurance plans, as well as mental health support and wellness initiatives to promote overall well-being.
• Retirement Savings: We offer retirement benefits options, which vary by location.  In the U.S., our competitive 401(k) Plan offers a generous dollar-for-dollar Company matching contribution of up to 6% of eligible pay and a Company contribution equal to 3% of eligible pay (subject to annual IRS limits and Plan terms). These Company contributions vest immediately.
• Employee Assistance Program: Confidential counseling services and resources are available to all employees.
• Matching charitable donations: Corebridge matches donations to tax-exempt organizations 1:1, up to $5,000.
• Volunteer Time Off: Employees may use up to 16 volunteer hours annually to support activities that enhance and serve communities where employees live and work.
• Paid Time Off: Eligible employees start off with at least 24 Paid Time Off (PTO) days so they can take time off for themselves and their families when they need it.

Eligibility for and participation in employer-sponsored benefit plans and Company programs will be subject to applicable law, governing Plan document(s) and Company policy.

We are an Equal Opportunity Employer
Corebridge Financial, is committed to being an equal opportunity employer and we comply with all applicable federal, state, and local fair employment laws. All applicants will be considered for employment based on job-related qualifications and without regard to race, color, religion, sex, gender, gender identity or expression, sexual orientation, national origin, disability, neurodivergence, age, veteran status, or any other protected characteristic. The Company is also committed to compliance with all fair employment practices regarding citizenship and immigration status. At Corebridge Financial, we believe that diversity and inclusion are critical to building a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our colleagues are respected as individuals and valued for their unique perspectives.
Corebridge Financial is committed to working with and providing reasonable accommodations to job applicants and employees, including any accommodations needed on the basis of physical or mental disabilities or sincerely held religious beliefs.  If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to [email protected].  Reasonable accommodations will be determined on a case-by-case basis, in accordance with applicable federal, state, and local law.
We will consider for employment qualified applicants with criminal histories, consistent with applicable law.

To learn more please visit: www.corebridgefinancial.com

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