The Surveillance department manages a $100Bn portfolio of Commercial Mortgage Backed Securities (CMBS) loans for which LNR is named the Special Servicer. Surveillance provides portfolio, deal and loan-level credit analysis to monitor over 6,000 loans backed by commercial real estate for potential risks. Property types include office, retail, multifamily, hotel, industrial, and self-storage loans located in all 50 states. Surveillance is an energetic department with a central role in the operations of the Special Servicer. Surveillance is the gate-keeper of information for the servicer and works diligently to communicate the servicer's activities with senior management, outside investors, and rating agencies. They are responsible for monitoring the performance on a loan, deal, and portfolio level basis and for addressing any issues in a timely fashion to minimize future portfolio losses. The senior analyst/associate role will support the Surveillance department in the areas of CMBS deal due diligence, portfolio and deal monitoring, and underlying commercial real estate (CRE) credit analysis.

JOB DUTIES AND RESPONSIBILITIES:
• Analyze credit risk across a varied $100Bn CMBS portfolio
• Underwrite new CMBS loans across various CRE asset types for Starwood Property Trust's acquisition of CMBS B-Pieces
• Prepare and present credit findings to senior management and to external investment partners of LNR and SPT
• Review Deal Performance Reports prepared by junior analysts to assess the credit of the underlying loans and collateral and identify credit risks to prevent defaults and minimize loss severity
• Monitor current events (i.e. retail bankruptcies, natural disasters, credit downgrades) to assess risks and potential impact to the portfolio
• Participate in monthly discussions with senior management and third-party clients to identify and discuss credit concerns and the determine best path forward on potential problem assets
• Monitor loan-level compliance administered by the various Master Servicers
• Provide timely responses to loan and collateral-related questions from senior management and third-party investment partners to provide transparency and maintain strong relationships
• Assist in developing innovative processes for more efficient monitoring and reporting of loan and property performance
• Provide support to LNR and SPT's senior management team with various ad hoc requests to help identify potential credit risks
• Train and mentor rotating analysts and intern classes throughout the year
KNOWLEDGE AND SKILLS:
• Experience in CRE credit underwriting and general understanding of CMBS
• Strong interpersonal and organizational skills
• Ability to receive constructive feedback to enable growth
Position: Sr. Analyst or Associate (depending on experience level)
Department: Surveillance
Supervisor: SVP/Director of Surveillance
Division: Real Estate Investing & Servicing
Resived 9/2012
• Intermediate Microsoft Excel skills
• Acute attention to detail and self-motivator
• Ability to work efficiently and diligently to deliver quality work product in a timely manner to senior managementmmercial real estate work experience.

Starwood Property Trust

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Senior Analyst, Surveillance