CRE Underwriting Analyst

Fremont Bank•Livermore, CA

1d•$34 - $44

About The Position

The Commercial Real Estate Underwriting Analyst is a developmental role supporting the commercial real estate and multifamily credit team. After Expression of Interest (EOI) approval and receipt of the Bank's flat fee, the Analyst helps create the due diligence checklist, reviews and analyzes due diligence, identifies potential credit concerns, performs preliminary underwriting, and prepares assigned sections of the final credit memo under the supervision of an experienced underwriter. The role combines active credit analysis with helping ensure live transactions are complete and ready for underwriting. Through supervised transaction experience and increasingly complex assignments, the Analyst develops the credit judgment, analytical skills, and written communication capabilities needed to advance into a CRE or Multifamily Underwriter position. The Analyst works with underwriters, relationship managers, loan processors, the documents and funding department, and other bank departments. The role requires adherence to Bank credit policy, underwriting guidelines, documentation standards, applicable regulations, and internal controls, as well as support for audits, examinations, reporting, and process-improvement initiatives.

Requirements

Bachelor's degree in Finance, Accounting, Economics, Real Estate, Business Administration, or a related field, or equivalent relevant experience.
Minimum two years of experience in commercial banking, credit analysis, CRE or multifamily lending, underwriting support, portfolio management, or a comparable financial services role.
Experience spreading financial statements, tax returns, rent rolls, property operating statements, and commercial real estate documentation.
Strong analytical aptitude and demonstrated interest in CRE underwriting.
Working knowledge of financial statement analysis, cash flow analysis, commercial credit concepts, and credit risk assessment.
Ability to review complex financial and property information, identify inconsistencies or red flags, and escalate material issues.
Clear, concise written and verbal communication skills, including the ability to prepare analytical narrative for review.
Strong organization, judgment, attention to detail, and ability to manage multiple live transactions and deadlines.
Proficiency in Microsoft Excel and experience with financial spreading, credit analysis, loan workflow, or document-management tools.
Ability to work independently while collaborating effectively in a fast-paced, cross-functional environment.

Nice To Haves

Commercial credit training.
Advanced Excel capability.
Exposure to appraisal, environmental, title, flood, and entity documentation.
Experience with nCino, Salesforce, Buker's Tax Analysis, or comparable commercial lending platforms.

Responsibilities

Review and analyze borrower and guarantor financial statements, tax returns, personal financial statements, debt schedules, schedules of real estate owned, rent rolls, leases, and property operating statements.
Complete preliminary tax return, personal financial statement, business, and property spreads.
Review appraisals, environmental reports, preliminary title reports, property inspections, and other third-party due diligence; summarize material findings and raise potential red flags.
Identify credit risks, policy exceptions, collateral concerns, documentation deficiencies, structural issues, and unanswered questions for discussion with the assigned underwriter.
Draft assigned sections of loan credit memos, potentially including borrower and guarantor background, property and collateral analysis, financial analysis, third-party report summaries, risks, and mitigants.
Prepare preliminary underwriting observations and recommendations for review by the assigned underwriter and incorporate feedback.
Review incoming due diligence for completeness, quality, consistency, and underwriting usability; identify additional information needed to complete the credit analysis.
Track material borrower due diligence and third-party reports after EOI approval, helping ensure complete files are ready for the underwriter.
Maintain organized underwriting files and accurate status information, and prepare concise handoffs summarizing significant findings, open items, and timing considerations.
Communicate and act as liaison between underwriters, relationship managers, loan processors, the documents and funding department, and other bank departments.
Participate in transaction discussions and credit reviews to develop expertise in loan structure, sources of repayment, collateral analysis, policy interpretation, approval conditions, and risk mitigation.
Develop knowledge of owner-occupied and investor CRE, multifamily, acquisitions, refinances, modifications, bridge or transitional loans, and SBA 504 transactions across a variety of collateral types.
Adhere to Bank credit policy, underwriting guidelines, documentation standards, applicable regulations, and internal controls; support audits, examinations, reporting, and process-improvement initiatives.
Assist the Underwriting Manager with Expression credit reviews.
Perform special projects and other duties as assigned.

Benefits

Medical, dental, and vision insurance.
Flexible Spending Accounts, including dependent care and Health Savings Accounts.
Employee Stock Ownership Plan (ESOP).
401(k) with employer match.
Performance-based bonuses or incentives.
Paid holidays, vacation, and sick time.
Free personal checking and savings accounts.
Home loan rate discounts.
Tuition reimbursement and professional development resources.
On-site gym and discounted health club memberships.
Employee Assistance Program (EAP).