CRE Underwriter

National Cooperative Bank. N.A.•Arlington, VA

5d•Hybrid

About The Position

The CRE Underwriter supports business development officers in underwriting current and prospective Commercial Real Estate, HOA, and Co-op lending transactions. The role works closely with loan origination and external deal partners to prospect transactions and assess the credit quality of prospective and existing business. Underwriting includes preparing and reviewing historical financial data, evaluating how new debt affects cash flow, sensitizing projections for worst-case scenarios, and identifying policy exceptions. The underwriter also assesses collateral and industry conditions and prepares written presentations summarizing credit strengths and weaknesses and recommending approval or decline. The position also provides portfolio and industry analysis, monitors market conditions and changes affecting the conduit line of business, reviews existing loan relationships, and helps maintain credit files and Bank systems, including the financial tracking system. Additional duties include assisting with annual reviews of the commercial portfolio and other assigned projects. This is a hybrid role. Employees must live within a reasonable commuting distance of the office and work onsite at least two days per week, specifically Tuesdays and Wednesdays. Some positions or business needs may require additional in-office days.

Requirements

Bachelor of Arts or Bachelor of Science in finance, real estate finance, or a related field.
3–5 years of experience in commercial real estate and finance.
Proficiency in business writing and strong communication skills.
Attention to detail and an analytical mindset.
Proficient computer skills; Excel skills are required.
Must live within a reasonable commuting distance of the office and be onsite at least Tuesdays and Wednesdays.

Responsibilities

Analyze and underwrite current and prospective Commercial Real Estate, HOA, and Co-op lending transactions.
Work with loan origination and external deal partners to prospect new transactions and analyze the credit quality of prospective and current business.
Prepare and review spreadsheets of historical financial data; evaluate the cash-flow impact of new debt; sensitize projections for worst-case scenarios; and identify policy exceptions.
Assess collateral and industry conditions and prepare written credit presentations summarizing strengths, weaknesses, and a recommendation to approve or decline.
Provide portfolio and industry analysis for existing portfolios and prospective business.
Monitor market conditions and other changes affecting the conduit line of business using the Internet and other research tools.
Conduct periodic reviews of existing loan relationships.
Assist with routine maintenance of credit files and Bank systems, including the financial tracking system.
Assist in completing annual reviews of the commercial portfolio.
Perform other duties as assigned.