at BlackRock in Wilmington, Delaware, United States
About this role
BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients! BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. BlackRock currently has more than $6.4 trillion AUM and approximately 15,000 employees in more than 30 countries and a major presence in global markets!
Commercial Real Estate is a part of Data Operation, within Data & AI. The Commercial Real Estate (‘CRE’) team conducts loan and property level research and analysis that forms the baseline of CMBS valuation:
+ Commercial loan level underwriting involves underwriting the loans with an analysis on the market trends and property performance, Valuation and Loss Projections advice.
+ Creation of new CMBS deals issued in the market; apprise the CMBS deals on a periodic basis to analyze the loan performance and underwriting loan and property level cash flows for large loans to arrive at comprehensive loan analysis.
+ Collateral updates involves mapping of CMBS remit data pertaining to Bonds, Loans and Properties on a monthly basis and performing logical review of critical data points to improve the data accuracy.
+ Creation of top layered loan level and loss level reports in order to own a more structured analysis on the CMBS universe.
+ Data research on CMBS loan and property details and CRE market trend and performance.
The team is also responsible for helping our Clients’ provide regulatory reporting (CECL) for their Commercial Mortgage Loan (CML) Portfolios:
+ Data is captured and augmented using proprietary AREIA process (AI), that the BRS world class econometric model uses to generate default-adjusted cash flows under multiple macroeconomic scenarios.
+ U.S Commercial Real Estate – Analysis of property financial documents, rent roll, borrower, market, and other third party reports and provide a valuation opinion on the CRE loans.
+ Structured Finance Securities – Data extraction from prospectus and trustee websites and subsequently updating the database. Providing Underwriting and Valuation review of the top loans.
+ Data review and enhancement- Performing data review and update as per client requirements or for internal purposes like model testing.
+ Performing project specific quality checks and multi-tasking.
+ 0-2 years of experience in structured product, real estate valuation and analytics
+ BTech + MBA/PGDBA from reputed institute with extensive knowledge of financial concepts. B-Tech or CFA (Level 1) will be a preferred candidature.
+ Basic Knowledge of Sophisticated Excel, VBA, R, Python and SQL is required
+ Attention to detail, diligence and ownership of responsibilities. Strong communication, presentation and interpersonal skills.
+ Strong quantitative content knowledge and application.
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock (http://www.instagram.com/blackrock) | Twitter: @blackrock (https://twitter.com/blackrock) | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.