SitusAMC · 3 days ago
Senior Associate, Primary CMBS Trader
New York, NY
Full-time
Onsite
Mid, Senior Level
$150K/yr - $200K/yr
2+ years expSitusAMC is a company dedicated to transforming client businesses and careers in the Real Estate Industry. They are seeking a Senior Associate, Primary CMBS Trader who will be responsible for structuring, pricing, and distributing new-issue commercial mortgage-backed securities, requiring advanced quantitative modeling and strong communication skills.
Financial ServicesOutsourcing
Responsibilities
Lead structuring and pricing analysis for primary CMBS transactions, optimizing tranche sizing, credit enhancement, and spread targets
Collaborate with Banking, Underwriting and Securitization teams to design efficient structures that balance investor demand, capital efficiency, and regulatory requirements
Build and maintain detailed bond-level cash flow models using Intex, Bloomberg, Excel, and proprietary tools
Develop and refine deal comparables and relative value frameworks across vintages, shelves, and product types (Conduit, SASB, CRE CLO)
Partner with Sales and Syndicate to provide investors with detailed structural analysis, collateral summaries, and pricing rationale
Manage pipeline risk in conjunction with risk management, including pre-pricing and hedging strategies
Monitor and interpret primary market spreads, issuance trends, and macro factors affecting CMBS and broader credit markets
Qualification
Required
2+ years of experience in CMBS or structured credit structuring, trading or syndication
Understanding of CMBS capital structures, cash flow waterfalls, prepayment, credit enhancement mechanics, and tranche interdependencies
Modeling skills in Intex, Trepp, and Bloomberg functions
Advanced Excel proficiency (formulas, macros, data tables); experience with VBA, Python, or SQL for custom analytics preferred
Strong command of loan-level analytics—DSCR, LTV, occupancy, property type concentration, and geographic diversification
Familiarity with risk retention structures, B-piece execution, and regulatory capital implications
Ability to translate complex structural details into investor-facing materials and pricing frameworks
Manage pipeline risk in conjunction with Risk teams, including pre-pricing and hedging strategies
Monitor and interpret primary market spreads, issuance trends, and macro factors affecting CMBS and broader credit markets
Highly analytical and detail-oriented, with a rigorous approach to modeling and verification
Excellent verbal and written communication skills to convey structural logic and trade rationale to both technical and non-technical audiences
Strong collaboration skills, especially across origination, underwriting, and sales teams
Capable of managing multiple deals simultaneously in a fast-paced environment with tight deadlines
High level of professional judgment and integrity, with sensitivity to confidential transaction data
Preferred
Bachelor's degree in Finance, Economics, Engineering, Mathematics, or another quantitative discipline; advanced degree or CFA a plus
Prior experience in CMBS structuring, or banking strongly preferred
Established relationships with rating agencies, accounting firms and B-piece buyers advantageous
Benefits
PTO and paid holidays
Medical, dental, vision, life, disability insurance
401K
Company
SitusAMC
SitusAMC provider of consulting, outsourcing, talent and technology solutions, supporting institutional lenders and investors.
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
PSP Investments
2020-04-02Private Equity
Leadership Team
Michael Franco
Chief Executive Officer
Andrew Smith
Director, Strategic Planning
Recent News
2025-11-27
2025-11-27
2025-11-27
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