Underwriting Analyst

Allianz Real Estate of America (“AREoA”) is seeking an Underwriting Analyst with 1 to 3 years of real estate experience for its debt underwriting team. The position, based in Midtown Manhattan, will report to the Co-Head of Debt Investments. 

AREoA is the U.S. subsidiary of Allianz Real Estate (“ARE”), the captive real estate investment and asset manager serving the global Allianz Group companies. ARE has assets under management of approximately $60.0 billion and has approximately 450 employees around the globe with subsidiaries in Germany, France, Switzerland, Italy, the U.S. and the Asia/Pacific Region. 

AREoA makes equity and debt investments in the top 50 metropolitan areas in the U.S. and manages an existing portfolio of direct equity holdings, joint ventures, fund investments and commercial mortgage loans aggregating approximately $18.0 billion. Annual debt investments include approximately 50-60 commercial mortgage loans totaling $2.0-2.5 billion.

Responsibilities

The position will support the debt underwriting team by:

• Analyzing and underwriting potential new debt investments
• Actively assist originators with evaluating and mitigating risks for proposed debt investments
• Model future property cash flows using Argus software
• Using risk modeling software to analyze new debt investments
• Assist in the due diligence, closing and preparation of investment committee memos for complex transactions Assisting with reporting and portfolio analysis

• Participating in ad hoc projects as necessary

   

  Qualifications

• Bachelor’s degree required (preferably in real estate, finance or related discipline)
• 1-3 years’ experience underwriting and valuing multi-family, industrial, office and retail properties
• Proficiency in financial modeling and creating presentations utilizing Microsoft Office (Excel, Word, PowerPoint)

• Argus training desired

   

  Personal Attributes

• Strong analytical skills, detail oriented, highly organized
• Strong (verbal and written) communication skills
• Team player with good interpersonal skills