Commercial Real Estate Officer
About The Position
This position reports to: John Berghorst, Chief Lending Officer, Commercial Real Estate Basic Function Originate and manage client relationships, underwrite loans and complete financial analysis, prepare loan proposals and commercial loan applications for self and senior relationship managers of the Commercial Real Estate Lending department. Essential Duties Originate and manage client relationships Develop new prospects, manage and grow a portfolio of existing real estate relationships Identify and execute on a variety of real estate transactions including multifamily, industrial, office and commercial construction loans Maintain and manage a portfolio, with ability to build relationships with existing and prospective clients focusing on revenue growth, fee income, deposits and cross-selling services Respond to client inquiries As needed, request and gather updated financial and operating information, perform financial analysis and confirm loan grades or recommend changes based on the analysis. Update paper and/or electronic client loan files Work with Loan Operations, Deposit Operations and business bankers to meet clients’ banking needs. Approve draw requests Monitor and address past due loans and overdrawn deposit accounts Review information on market trends in commercial real estate Underwrite and close commercial real estate loans With senior relationship managers, interview clients and prospects regarding credit and service needs. Perform site inspections, prepare corresponding site inspection memos and enter the memos into the CRE site inspection tracking file. Review appraisals and other third-party reports including credit inquiries. Evaluate financial and operating information including property level cash flows and guarantor financial information. Prepare loan proposal letters and commercial loan applications for self and senior relationship managers. Work with Loan Operations and/or attorneys to generate and review loan documents and coordinate loan closings to include tracking progress against the checklists and gathering requisite documents to share with the Loan Closer. 3. Additional Departmental duties: Attend department meetings Attend Management Loan Committee and Director’s Loan Committee meetings as needed Attend Officers’ meetings Review information on market trends in commercial real estate Maintain familiarity with underwriting and Loan Policy guidelines Attend training as required 4. Participate in CRA activities which require a minimum of 12 hours of volunteering annually. Nonessential Duties Other duties as assigned
Requirements
- Organized, detail oriented
- Ability to create monitoring and tracking systems
- Skilled in financial analysis, deal structuring and loan underwriting
- Understanding of real estate lending, CRE loan policy and regulatory requirements
- Ability to multi-task while meeting deadlines
- Ability to solve problems
- Ability to work in a fast-paced environment
- Tact and diplomacy in dealing with team members, bank employees and clients.
- Strong written and verbal skills
- Proficiency with Microsoft Word, Excel, PowerPoint and Outlook
- Knowledge of FISERV
- Bachelor’s degree in Business, Accounting, Finance, Economics or equivalent related experience
- 2 - 3 years of financial analysis experience
- Minimum of two years’ work experience in a commercial real estate lending environment
Responsibilities
- Originate and manage client relationships
- Develop new prospects, manage and grow a portfolio of existing real estate relationships
- Identify and execute on a variety of real estate transactions including multifamily, industrial, office and commercial construction loans
- Maintain and manage a portfolio, with ability to build relationships with existing and prospective clients focusing on revenue growth, fee income, deposits and cross-selling services
- Respond to client inquiries
- As needed, request and gather updated financial and operating information, perform financial analysis and confirm loan grades or recommend changes based on the analysis.
- Update paper and/or electronic client loan files
- Work with Loan Operations, Deposit Operations and business bankers to meet clients’ banking needs.
- Approve draw requests
- Monitor and address past due loans and overdrawn deposit accounts
- Review information on market trends in commercial real estate
- Underwrite and close commercial real estate loans
- With senior relationship managers, interview clients and prospects regarding credit and service needs.
- Perform site inspections, prepare corresponding site inspection memos and enter the memos into the CRE site inspection tracking file.
- Review appraisals and other third-party reports including credit inquiries.
- Evaluate financial and operating information including property level cash flows and guarantor financial information.
- Prepare loan proposal letters and commercial loan applications for self and senior relationship managers.
- Work with Loan Operations and/or attorneys to generate and review loan documents and coordinate loan closings to include tracking progress against the checklists and gathering requisite documents to share with the Loan Closer.
- Attend department meetings
- Attend Management Loan Committee and Director’s Loan Committee meetings as needed
- Attend Officers’ meetings
- Review information on market trends in commercial real estate
- Maintain familiarity with underwriting and Loan Policy guidelines
- Attend training as required
- Participate in CRA activities which require a minimum of 12 hours of volunteering annually.
Benefits
- First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus.
- For a complete listing of benefits, please visit our website: https://firstbankchicago.com/Employee-Benefits .
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
