Associate Loan Management/Underwriting

Allianz Real Estate of America (“AREoA”) is seeking an Associate – Loan Management / Underwriting with a minimum of 4 years of real estate experience. 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 $90.0 billion and has approximately 485 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 $23.0 billion. Annual debt investments include approximately 40-50 commercial mortgage loans totaling $2.5 billion.

What you do:

• Underwrite property level cash flows and perform property valuations.
• Assist in the review of debt investment committee memos for thoroughness, accuracy, and compliance with investment guidelines.
• Engage and assist in the review third party reports, including appraisals, PCA, ESA, and insurance.
• Interact with originations, tax, compliance, finance, and operations for the funding of bridge loans.
• Identify, monitor and value watchlist loans on an ongoing basis.
• Assist in loan workouts, restructures, etc.
• Review, analyze and process borrower requests (modifications, extensions, assumptions, collateral releases, collateral substitutions, release of escrows/LC's/Master Leases, waiver of loan document provisions and major lease approvals) and other material loan events.
• Assist in monitoring construction loans and working with co-lenders on construction draws.
• Assist in addressing investor loan and portfolio level inquiries in addition to ongoing investor reporting.
• Participating and/or lead ad hoc projects as necessary.

What you bring:

• Bachelor’s degree required (preferably in real estate, finance or related discipline).
• A minimum of 4 years of experience in portfolio management, underwriting, and/or credit risk role at an institutional balance sheet lender.
• Experience in valuing multi-family, industrial, office and retail properties.
• Experience in loan foreclosures/workouts preferred.
• Proficiency in financial modeling and creating presentations utilizing Microsoft Office (Excel, Word, PowerPoint) and Argus.
• Strong analytical skills, detail oriented, highly organized.
• Strong (verbal and written) communication skills.
• Team player with good interpersonal skills.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the con dence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us.  We care for tomorrow.