Description
About this role
The Global Fixed Income Group (FFI) at BlackRock handles more than $1.2 trillion in fixed income assets across index, active, and liability driven strategies. The platform offers fixed income investors one of the industry's broadest arrays of investment choices across index, model-based and fundamental investment styles.
Within FFI, the global Securitized Assets team is composed of over 30 seasoned investment professionals investing more than $120bn in AUM across the spectrum of Commercial Mortgage-Backed Securities (CMBS), Commercial Mortgage Loans (CML’s) Non-Agency Residential Mortgage-Backed Securities (RMBS), Asset Backed Securities (ABS), and Collateralized Loan Obligations (CLO’s).
The CMBS/CML team within Structured Products currently manages over $40bn in CMBS AUM and over $5bn in CML AUM and is seeking an individual at the Director level with an expertise in direct CML origination.
Key Responsibilities
- Primary team member responsible for direct origination of senior commercial mortgage loans spanning $40mm to $300mm
- Capable of originating a minimum of $1bn on an annual basis
- Loans to be sourced from both direct borrower relationships and the CML broker community. Candidate must have a broad array of direct contacts across the CML and CRE business.
- Loan categories to include Floating and fixed rate loans on stabilized collateral, and on very “light transitional” collateral (i.e. less transitional as compared to loans in CRE CLO’s)
- Responsible for evaluating deal flow along with initial preliminary underwriting to identify the most attractive loan candidates that fit portfolio mandates, and presenting best candidates to CML team
- Must be capable of understanding investment criteria across a diverse set of portfolios including dedicated CML separate accounts and unconstrained mutual funds
- Work with underwriting and closing team to take loans through internal credit process and present to Investment Committee
- Maintain communications with borrowers and/or loan brokers throughout entire process
- Candidate must also be able to play a key role in monitoring and surveilling closed loans
- Remain informed of market conditions including leverage levels and pricing across competitive landscape
Key Qualifications
- 7-10+ years’ experience personally originating commercial mortgage loans
- Ability to evaluate credit on all major commercial real estate property categories. Familiarity with other property types including data centers, senior housing, student housing, etc is a plus
- Knowledge of strengths and weaknesses of major CRE markets across the country
- Comfortable working in a highly collaborative team environment
- Strong communication, interpersonal and time-management skills with an emphasis on being detail oriented
- Ability to successfully perform under pressure and meet deadlines in a fast-paced work environment while managing multiple projects
- Proficiency in Argus, PowerPoint and Excel. Flexibility to learn other programs including Aladdin and fixed income-specific tools
For New York City only: The salary range for this position is $205,000 – $260,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefits
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.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
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.
