AVP, Commercial Real Estate Credit

Northeast Bank•Boston, MA

15h•$100,000 - $135,000

About The Position

The AVP, Commercial Real Estate Credit will be part of Northeast Bank’s Commercial Real Estate Credit Group and help evaluate, underwrite, and monitor credit risk across the Bank’s real estate loan portfolio and new lending opportunities. The role supports lending decisions and portfolio management through detailed financial analysis, collateral evaluation, and market research. The Bank purchases and originates traditional and transitional loans and other facilities for borrowers and non-bank lenders. The position involves analyzing borrower financials and property information, assessing collateral and market risks, preparing credit memoranda and materials for internal approvals, and collaborating with originations, real estate, asset management, and senior credit colleagues. It may also involve managing a portfolio of acquired or originated loans.

Requirements

At least 4 years of experience in commercial real estate lending, real estate valuation, and/or underwriting.
Bachelor’s degree with a strong track record of performance and leadership.
Intermediate to advanced Excel skills, with knowledge of real estate financial modeling and operating business analysis.
Exceptional interpersonal and written communication skills, including the ability to distill complex credit analysis into concise investment memoranda and Credit Committee presentations.
A can-do attitude and ability to thrive in a fast-paced, feedback-heavy environment.
Ability to successfully pass all technical and regulatory examinations required by the Bank.

Nice To Haves

Formal bank credit training or continuing education in credit and/or real estate topics.

Responsibilities

Analyze borrower financial statements, rent rolls, operating statements, and cash flow to assess creditworthiness and repayment capacity.
Review and analyze third-party appraisals, internal valuations, and market data to assess collateral quality, value, and associated risks.
Support ongoing surveillance of portfolio credits by tracking financial performance, covenant compliance, and market conditions.
Prepare clear, concise credit memoranda and supporting materials for internal approval processes, including Credit Committee presentations.
Partner with originations, real estate, asset management, and senior credit team members to evaluate opportunities and manage risk across the platform.
Participate in due diligence, including borrower calls, site inspections when appropriate, and review of third-party reports such as appraisals, environmental reports, and engineering reports.
When necessary, manage a portfolio of acquired or originated loans.