American Equity Intern - Commercial Mortgage - Summer 2020 in West Des Moines, Iowa
GENERAL PURPOSE OF THE JOB:
The primary role of the Commercial Mortgage Production Intern is to provide ongoing support to the American Equity Commercial Mortgage department’s production team in the underwriting and analyzing of new commercial mortgage loan opportunities.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Support the production team to underwrite and analyze potential loan opportunities through the review of Correspondent loan packages, analysis of financial data including completion of rent roll input and cash flow spreadsheets, determination of quality and functionality of collateral, and review of borrower commercial real estate expertise and financial capability.
Gather and evaluate economic, demographic and other real estate market data for potential loan opportunities.
Present loan opportunities to Loan Review, draft mortgage loan applications and prepare Loan Committee recommendations under the direction of Originators, as time allows.
Assist with the annual financial review of the loan portfolio.
Complete Commercial Mortgage department special projects as may be required.
Perform other duties as assigned.
Direct Reports: None
General Description of Indirect Reports (2 and 3-downs): None
EDUCATION AND/OR EXPERIENCE:
Actively pursuing a Bachelor’s degree in a field related to real estate, finance, accounting, economics or similar field.
CERTIFICATES, LICENSES, PROFESSIONAL DESIGNATIONS:
None required for this position.
KNOWLEDGE, SKILLS AND ABILITIES:
Ability to make sound, well researched and thoughtful business recommendations relating to American Equity’s commercial mortgage portfolio.
Effective multitasking skills.
Strong customer service orientation.
Effective verbal and written communication skills.
Mathematical skills and strong attention to detail.
Ability to work cooperatively and successfully with employees, customers, and other outside third parties.
Strong organizational and planning skills.
Proficient in the use of MicroSoft Office Suite.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions.
Ability to read, analyze, and interpret general business periodicals, professional journals and technical/operational procedures.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to successfully handle pressure and meet deadlines in a fast-paced work environment.