Analyst – Originations and Underwriting

Overview:

Dalan Management and affiliate SKW Funding are jointly seeking a candidate who desires to work simultaneously on two growing platforms and gain exposure to virtually every facet of the commercial real estate investment spectrum.

Since its formation fifteen years ago, Dalan Management and its affiliates have developed an integrated, multifaceted real estate investment and management company.  The company owns and operates a portfolio of multifamily, mixed use, and commercial assets with a market capitalization of over $1 billion in New York, Los Angeles, Phoenix and Washington DC.

SKW Funding is a leading private debt platform that targets non-performing loan acquisitions and provides every form of loan originations conceivable, including first lien, mezzanine, and note financing, in every category of commercial real estate.  SKW recently closed on a large joint venture with a leading global private equity institution which will target over $500 million in distressed deals over the next couple years.  The company has originated over $200 million in loans a year and has acquired over $100 million of nonperforming loans to date.

Position Description:

In connection with the continued growth of both companies, Dalan Management and SKW Funding are seeking to hire a strong, analyst level candidate to join the team.  The role will focus on due diligence and transaction analysis with primary responsibilities to include underwriting, modeling and production of investment memorandums for new acquisitions.  It is essential that the individual is extremely proactive, detail oriented, highly capable of managing multiple roles and enjoys working in a collegial team environment. Great opportunity for growth within the company while working on a variety of real estate transactions, including multiple property types in NYC and other major metro areas.

Responsibilities:

• Assist in the underwriting, evaluation & development of models for multifamily, office, and retail note acquisitions and lending opportunities using Microsoft Excel and/or Argus Enterprise
• Build and maintain complex financial credit, real estate valuation and equity waterfall models using Excel
• Work with larger team and joint venture partners to underwrite and analyze potential investment opportunities
• Research and analyze market data on local sub-markets in NYC and other major metro areas
• Interface with third party brokers, lenders, borrowers, etc. on active projects
• Work with team in production of detailed investment memorandums for new acquisitions, outlining investment strategy, market research, and pro forma returns
• Assist in the evaluation of market rents, expenses, comparables, etc.
• Work with asset management and other teams to monitor ongoing cash flow and create forward projections on active portfolio

Qualifications:

• BA/BS degree in Finance, Economics, Real Estate, or related discipline preferred      
• 1-3 plus years’ experience in investment real estate, preferably in NYC
• Developed credit, analytical and financial modeling skills and experience in commercial, residential and/or multi-family real estate lending preferred
• Proven acquisition underwriting capabilities
• Strong excel, Argus and communication skills
• Organized and highly detail oriented
• Highly motivated
• Strong interpersonal skills given the small team environment