Job Description:

Associate Underwriter

Overview

The RMR Group is a vertically integrated real estate company, managing and operating over $32 billion of commercial real estate investments across the continent. This position is part of Tremont Realty Capital, The RMR Group's commercial real estate lending platform. As a part of this collaborative and high-performing team, this candidate will have the opportunity to work directly with origination and underwriting teams to provide support in analyzing and closing commercial mortgage loans ranging in size from $15 to $60 million secured by middle market commercial real estate assets in primary and secondary markets across United States.

Responsibilities

Loan Financial Modeling:


• Perform comprehensive financial analysis of property financial information including rent rolls, historical, and proforma projections related to value-add business plans.


• Critically review market leasing and proforma property operating assumptions in order to generate an "as-is" and "as-stabilized" NOI and property valuation analysis.


• Utilize excel and ARGUS to efficiently to generate sensitivity analysis such as breakeven and downside underwriting scenarios




• Work closely with origination team to screen potential loan opportunities and identify potential risks and underwriting challenges.


• Perform in-depth market analysis consisting of comparable sale and lease data, space absorption, occupancy and new development pipeline statistics.


• Assist underwriting team with the preparation of formal investment committee memoranda, term sheets, loan applications and asset summary reports.


• Assist asset management team with quarterly valuation, reporting and financing of existing or new loan investments.


• Capital Markets - Work with internal capital markets team members to develop financing request memoranda to solicit property level financing of typically $100+ million on behalf of the various RMR managed companies.


• Teamwork Approach:
  
  
  • A detailed list of the position responsibilities has been developed so that expectations are clearly communicated. However, it is rarely possible to provide a list that will capture all possible projects and assignments.
  
  
  • Team members are expected to assist with additional assignments that may be requested by direct supervisors and to take initiative in aiding other members of the team.
  
  
  
  

Qualifications

• Bachelor's degree, minimum 3.0 GPA.


• Minimum of 2-5 years of analytical experience in commercial real estate finance


• Strong written and verbal presentation skills.


• A general understanding of all commercial real estate asset classes.


• Strong analytical, mathematical and financial modeling skills.


• Advanced Microsoft Excel and Argus skills and the ability to create, modify and analyze financial spreadsheets and calculate investment returns.


• Ideal candidates will also be detail oriented and persistent in pursuit of information required to evaluate loan requests.


• Strong ability to multitask and handle several different assignments at one time.


• Experience in bank lending, CMBS underwriting or commercial mortgage brokerage/investment banking preferred.


• Experience or familiarity with third party data or service providers like CoStar, Trepp, Yardi, etc.


• RMR considers the safety of its employees a top priority. As part of this commitment, RMR requires all new employees to be fully vaccinated against COVID-19, unless they obtain prior approval for an accommodation for medical reasons or due to a sincerely held religious belief or are exempt from this requirement under applicable state or local law. Qualified candidates who are offered the opportunity to join RMR will be required to provide proof of vaccination prior to the first day of work. Applicants who need additional information concerning RMR's vaccination policy should contact Diane Proctor, Vice President, Human Resources at DProctor@rmrgroup.com.

Company Overview

The RMR Group LLC, or RMR, is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. It conducts substantially all business for its parent company, The RMR Group Inc. (Nasdaq: RMR). RMR's vertical integration is strengthened by more than 600 real estate professionals in over 30 offices nationwide who manage $32 billion in assets under management and leverage more than 30 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its client companies. Recently, RMR has been recognized by The Boston Globe as a "Top Place to Work," by Fortune magazine as one of the "100 Fastest Growing Companies," by the Environmental Protection Agency (EPA) as an "ENERGY STAR Partner of the Year," by Boston Business Journal as the "Fastest Growing Middle Market Company in Massachusetts" and ranked 9th on Commercial Property Executive's Top Commercial Property Management Companies. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com. Follow RMR on LinkedIn and on Twitter @The_RMR_Group.