CRE Underwriter
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 new transactions and assess the credit quality of prospective and current business. The position also provides portfolio and industry analysis for existing and prospective business, monitors market conditions affecting the conduit line of business, performs periodic reviews of existing loan relationships, and helps maintain credit files and Bank systems. Additional duties include assisting with annual reviews of the commercial portfolio and other assigned special projects.
Requirements
- BA/BS 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.
Responsibilities
- Analyze and underwrite current and prospective Commercial Real Estate, HOA, and Co-op lending transactions.
- Prepare and review spreadsheets of historical financial data; evaluate the effect of new debt on current cash flow; sensitize projections for worst-case scenarios; and identify policy exceptions.
- Assess collateral and industry conditions, and prepare written credit presentations summarizing strengths, weaknesses, and recommendations to approve or decline requests.
- Work with loan origination and external deal partners to prospect new transactions and analyze credit quality.
- Provide portfolio and industry analysis for existing portfolio and prospective new business.
- Monitor market conditions and other changes affecting the conduit line of business using the Internet and other research tools.
- Perform 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
