Commercial Real Estate Lending Intern/Co-op

What is Global Credit Finance

Global Credit Finance is the Bank’s lending division. The team oversees a portfolio of 10 different products with over $104B of notional commitments. Its 150+ member team operates in the US, EMEA and APAC with offices in Boston, Irvine, London, Munich, Gdansk, Luxembourg, and Bangalore. Global Credit Finance’s mission is twofold: to attract and retain clients of State Street through the use of the firm’s balance sheet; and to add income and diversification to the company’s portfolio of on and off-balance sheet investments.  Our products include Private Markets – Subscription Finance, Private Credit, Real Money Funds-Liquidity and Leverage, CLOs, Municipal Finance, Commercial Real Estate, Leveraged Loans, Corporates, and Stable Value Wrap.

What you will be responsible for

As a Co-op, you will:

• Perform credit and risk assessment of the real estate collateral including property economics and market analysis

• Evaluate loan opportunities by its structure, legal documentation and pricing in accordance with our credit risk appetite

• Prepare financial projections and underwriting memoranda for credit approval

• Participate in the closing of all approved loans

• Perform annual credit review and quarterly monitoring of portfolio loans, including producing and reviewing timely reporting

These skills will help you succeed in this role:

• Attention to detail with analytical mindset

• Proficient in MS Office, particularly strong excel skills

• Proactive attitude to completing tasks, with clear communication

• Demonstrated interest in Commercial Real Estate (through course work or other internship/work experience opportunities) a distinct positive

Education & Preferred Qualifications

Pursuing a degree in Business, Economics, Finance or Liberal Arts

Salary Range:

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.