Sr. Production Associate Job at Newmark, Los Angeles, CA

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  • Newmark
  • Los Angeles, CA

Job Description

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

We are seeking a Sr. Production Associate with 3+ years of commercial real estate experience; Fannie Mae/Freddie Mac Multifamily Production experience is preferred, and Affordable Housing or Manufactured Housing experience is considered a plus. The Production Analyst's primary responsibility will be to provide day-to-day financial, market and underwriting analysis of multifamily loans. This is an excellent opportunity to be thoroughly educated about the process of originating multifamily mortgages, to have extensive contact with our clients and to train under the premier programs (Fannie Mae & Freddie Mac). This position affords the opportunity to work closely with Originators on the sourcing, structuring and underwriting of transactions.

Essential Duties and Responsibilities:

  • Work closely with assign Origination staff to research, develop and pursue new and existing client relationships.
  • Analyze, interpret and present complex multifamily and seniors housing real estate transactions in compliance with respective agency guidelines (Fannie Mae/Freddie Mac).
  • Assist with the assembly of the required reporting for the Origination team – portfolio retention and new generation as needed.
  • Conduct detailed economic and demographic research to determine feasibility of transactions
  • Develop and maintain strong relationships with origination and external agency investors

Core Competencies:

  • Highly developed analytical, research and written oral presentation skills
  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy
  • Demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule
  • Ability to work productively under minimal supervision
  • Must be proficient In Microsoft Office suite of applications including Word, Excel and Power Point Strong work ethic and pro-active team player able to work effectively under sometimes stressful conditions

Skills, Education and Experience:

  • B.S./B.A. degree in Accounting, Finance, Economics, Real Estate or other related fields preferred.
  • 3+ years of direct Fannie Mae/Freddie Mac underwriting experience with large loans ($10M average loan size)
  • Highly developed analytical, research and written/oral presentation skills.
  • Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy.
  • Demonstrated ability to organize & prioritize projects, complete multiple tasks on schedule.
  • Ability to work productively under minimal supervision.
  • Proficiency in Microsoft Office, especially in EXCEL and Word
  • Strong work ethic
  • Proactive team player, able to work effectively under sometimes stressful conditions

Benefits and Perks:

  • Industry-leading Parental Leave Policy (up to 16 weeks)
  • Generous healthcare
  • Bright Horizons back-up care program
  • Generous paid time off
  • Education reimbursement
  • Referral Program
  • Opportunities to network and connect.

SKILLS, EDUCATION AND EXPERIENCE:

  • High School Diploma
  • Strong problem-solving skills and the ability to proactively find solutions.
  • Excellent time management skills
  • Research skills.
  • Strong communication skills
  • Excellent analysis and writing skills.

Benefits/perks listed may vary depending on the nature of your employment with Newmark and the job location.

Working Conditions: Normal working conditions with the absence of disagreeable elements

Note: The statements herein are intended to describe the general nature and level of work being performed by employees and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified.

Newmark is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state, or local law.

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