What are the responsibilities and job description for the Production Support Analyst position at Newmark?
We are seeking a Production Analyst with 0-3 years of commercial real estate experience to join a growing Capital Markets team in Philadelphia. The analyst will be responsible for supporting the team in all aspects of sourcing, structuring and closing multifamily and commercial real estate loans.
Day-to-day responsibilities include providing financial, underwriting and market analysis to assist in the evaluation and processing of transactions. The analyst will command the details of various lending programs, including Freddie Mac and Fannie Mae. They will have extensive contact with clients, including property owners and lenders both locally and nationally.
This is an excellent position to learn the commercial real estate business with continued mentorship from senior team members, with the shared goal of advancement within the team over time.
Essential Duties and Responsibilities
- Work closely with team to develop and pursue new relationships, and to provide exceptional service to existing relationships of the firm.
- Analyze and interpret property-level financial statements including rent rolls, operating statements and budgets.
- Conduct market analysis and research to support and determine feasibility of transactions. This includes utilizing resources such as CoStar and REIS.
- Prepare formal, detailed loan proposals and loan submissions packages for internal and external lending sources.
- Assist with all aspects of the loan closing process. This includes preparing applications, collecting and organizing due diligence, working with third party vendors (appraisal, engineering, environmental), interacting with counsel, learning legal documents, and coordinating with all parties to ensure timelines are met.
- Learn and command the details various internal and external loan programs, including Freddie Mac and Fannie Mae. Develop and maintain strong relationships with underwriting, closing and asset management departments.
Core Competencies
- Ability to collaborate in a team environment.
- Strong communication skills, both written and verbal.
- Customer service focused.
- Ability to problem-solve and exercise independent judgement while displaying a high degree of initiative and accuracy.
- Ability to organize and prioritize projects to complete multiple tasks on schedule.
- Proficient In Microsoft Office suite of applications, specifically excel. Strong work ethic and pro-active team player able to work effectively under sometimes stressful conditions
Qualifications
- BS / Master’s degree in Accounting, Finance, Economics, Real Estate or other related fields
- Able to travel on a limited basis
