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New York, New York, United States
Hybrid
SitusAMC is where the best and most passionate people come to transform our client’s businesses and their own careers. Whether you’re a real estate veteran, a passionate technologist, or looking to get your start, join us as we work together to realize opportunities for everyone, we proudly serve.
At SitusAMC, we are looking to match your unique experience with one of our amazing careers, so that we can help you realize your potential and career growth within the Real Estate Industry. If you are someone who can be yourself, advocate for others, stay nimble, dream big, own every outcome, and think global but act local – come join our team!
The internship role provides in-depth exposure to SitusAMC and other areas of the business where the candidate will receive guidance and work closely with experienced professionals.Pelium Real Estate Asset Management, LLC (“Pelium”) is a leading asset management platform fully dedicated to supporting Apollo’s commercial real estate financing business in the United States.
Program Description
Our summer 2027 internship program is 12-weeks. It is designed to fully immerse you in the day-to-day activities of our debt asset management team and oversight of a portfolio of commercial real estate loans comprising a broad range of property types, sponsors, deal structures and markets. The internship will run from June 1 to August 14 and utilize a hybrid work arrangement, requiring 3 days per week in the office.
Specific responsibilities include:
Analyze loan documents and investment committee memoranda; review and understand deal structure, funds flow, economics, and servicing requirements as detailed in deal summaries and legal documents.
Assist in preparing and presenting credit recommendations for actions that require lender approval such as loan extensions, draw funding, borrower consents and lease approvals.
Gather market data, financial statements, maintain rent rolls. Assist in preparation of asset level reports in Excel, including cash flow analysis, variance analysis, and budget review.
Build and perform LTV, DY and DSCR analyses.
Review draw requests including but not limited to construction, tenant improvements/leasing commissions, and capital expenditure.
Monitor the ongoing portfolio updates including but not limited to loan extensions, modifications, upsize, collateral review, construction loans, new closing, and other pipeline events.
Participate in two projects: a team project and capstone final project at the end of the internship
Qualifications sought:
Currently pursuing an undergraduate degree in finance, real estate, or related major.
Demonstrable interest in commercial real estate.
Strong quantitative and analytical skills.
Proficiency in Excel®, Word®, PowerPoint®.
Highly developed organizational and project/time-management skills.
Excellent communication, presentation, and business writing skills under pressure.
A strong commitment to integrity and professionalism.
A demonstrable ability to work both independently and effectively with team members in diverse groups and regions.
Solid work ethic, self-motivation level, and strong attention to detail.
Note: This job description is not intended to be all inclusive or exclusive. At any time, employees may perform other related duties as required to meet the ongoing needs of the organization and participate in additional trainings. SitusAMC does not accept unsolicited resumes from staffing agencies, search firms or any third parties. Any unsolicited resume submitted to SitusAMC in any manner will be considered SitusAMC property, and SitusAMC will not pay a fee for any placement resulting from the receipt of an unsolicited resume.
The annual full time base salary range for this role is
$20.00 - $25.00Specific compensation is determined through interviews and a review of relevant education, experience, training, skills, geographic location and alignment with market data. Additionally, certain positions may be eligible to receive a discretionary bonus as determined by bonus program guidelines, position eligibility and SitusAMC Senior Management approval. SitusAMC offers PTO and paid holidays, the terms of which are set forth in the program policies. All full time employees also are eligible to participate in various benefit plans, including medical, dental, vision, life, disability insurance and 401K; in each case in accordance with the terms of the applicable plans.
Pay Transparency Nondiscrimination Provision
SitusAMC is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
