Commercial Real Estate Analyst Grandbridge Real Estate - SelectLeaders

? August 12, 2011 Greenville, South Carolina 29601
http://www.bbt.com

This position provides high level real estate analyst functions in a loan production office. Essential Duties and Responsibilities: Following is a summary of the essential functions for this job. Other Duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1) Provides high level analytical support for a loan production office including the preparation of preliminary and final mortgage loan applications, submissions and documents. Assists in the underwriting, approval, and closing of mortgage loan transactions. 2) Coordinates the workload and quality of analysts in the absence of the Commercial Real Estate Analyst IV and/or Commercial Office Manager. 3) Attends real estate industry trade functions to acquire knowledge and data. 4) Reads periodicals and market surveys. 5) Creates and maintains real estate data files. 6) Attends meetings with borrowers and lenders to develop relationships. 7) Analyzes real estate property and financial situations for producers, providing well-founded advice as to alternate courses of action. 8) Is able to obtain, understand and analyze data needed to prepare mortgage loan submissions from property owners, borrowers, lenders and third party sources. Included may be leases, sales contracts, income and expense statements, surveys, property income and expense statements, borrower financial statements, articles of incorporation, partnership agreements, deeds, easements, environmental reports, property condition reports, appraisals, title policies, deeds of trust, notes, mortgage loan commitments, lender checklists, lender loan program requirements, real estate market surveys, comparable sales, overall capitalization rates, vacancy rates, prime and t-bill rates. 9) Is able to: inspect properties, take digital and film photographs, make notes and maps as to the physical and economic conditions of the property, its immediate area, its neighborhood and its city. 10) Is able to interview owners, tenants, third party report providers, requesting and obtaining information from them as needed. 11) Is able to analyze leases, historical income and expense characteristics to derive an estimate of Net Operating Income for a commercial real estate property. Included is the ability to analyze the Net Operating Income with respect to normal market income levels, stabilized vacancy rates, normalized expenses, lender's specific requirements or lender's appraisal standards. 12) Is able to analyze the borrower's legal structure and financial statements with regard to normal market parameters and the lender's requirements. 13) Is able to analyze the characteristics of the real estate with respect to industry norms and specific lender requirements. 14) Is able to prepare preliminary and final mortgage loan submissions in concert with the originating producer using Microsoft Word and Excel. 15) Understands specific lender requirements for submissions of loan package. 16) Is able to order, track and analyze appraisals, environmental and engineering studies, credit reports, Dunn Bradstreet reports, demographic reports and other third party reports needed for the mortgage loan submission and/or closing. 17) Is able to review third party appraisals for compliance with lenders requirements and discuss findings with lender representatives. 18) Is able to track the committed transaction through the closing process, obtaining additional information from the borrower as necessary for closing. 19) Understands the physical aspects of most commercial property types, typical real estate lending parameters, interest rate structures, tests of reasonableness. Required Skills and Competencies: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 1) Undergraduate degree in business or related field or equivalent education and related training/ experience. 2) Five (5) or more years as a commercial real estate analyst, broker, leasing agent or property manager. 3) Completion of the Mortgage Banker's Association's Commercial Real Estate Finance Underwriting Seminar and Courses 110, 120, and 310 of the Appraisal Institute. 4) Have strong computer skills, including familiarity with Microsoft products such as Excel, Word, PowerPoint, etc. 5) Is proficient with contact databases, Lotus Notes, geographical mapping programs, digital imaging, the Internet, digital and film cameras and report binding machines. 6) Proficient with industry standard commercial real estate analysis programs such as Argus. 7) Is highly organized. 8) Has a high attention to detail. 9) Has the ability to meet deadlines. 10) Has the maturity and self-confidence to simultaneously handle a variety of assignments. 11) Is able to work harmoniously with internal/external workers/customers. 12) Able to take initiative with nominal direction. 13) Have excellent written and verbal communication skills. 14) Is able to take initiative with nominal direction. 15) Ability to travel as required. Desired Skills: 1) MBA or a Masters in Finance or Real Estate from a college or university.

Compensation Range: ?

Source: http://www.selectleaders.com/candidate/viewjobdetails.do?jid=22080

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