Credit Underwriter

Genesis Capital LLC • Los Angeles, CA

2d • $90,000 - $130,000 • Onsite

About The Position

Genesis Capital is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust. The Credit Underwriter will analyze clients’ financial information to evaluate their potential for lending opportunities and perform comprehensive analysis to access creditworthiness and determine the risk associated with loan applications. This role involves working directly with clients and internal teams to obtain relevant documentation to evaluate the underlying project (collateral) as well as perform financial analysis of the borrower and guarantor(s). The Credit Underwriter will prepare credit memorandums and analysis to outline the lending opportunity's key risks and mitigating factors including economic conditions and client operations. This role will utilize Microsoft Excel to create charts, graphs, and models that summarize findings and incorporate graphical analysis into presentations of credit memorandum for Credit Management's review and approval. The Credit Underwriter will ensure Genesis Capital maintains strong credit quality in line with its policies and procedures and assist with ensuring that financial systems, fundamental recordkeeping, and financial reporting are compliant with legal requirements. The role also requires staying abreast of the latest developments in the commercial real estate and finance industries to ensure that Genesis Capital maintains strong credit quality.

Requirements

• Bachelor's degree in Finance, Applied Economics or related field
• Three years of experience in the job offered or a related position
• Skills and knowledge in complex real estate lending and loan structuring
• Skills and knowledge in pro-forma financial statements and NOI/DSCR analysis
• Skills and knowledge in Microsoft Suite
• Skills and knowledge in database applications for pipeline management

Responsibilities

• Analyze clients’ financial information to evaluate their potential for lending opportunities
• Perform comprehensive analysis to access creditworthiness and determine the risk associated with loan applications
• Work directly with clients and internal teams to obtain relevant documentation to evaluate the underlying project (collateral)
• Perform financial analysis of the borrower and guarantor(s)
• Prepare credit memorandums and analysis to outline the lending opportunity's key risks and mitigating factors including economic conditions and client operations
• Use Microsoft Excel to create charts, graphs, and models that summarize findings and incorporate graphical analysis into presentations of credit memorandum for Credit Management's review and approval
• Ensure Genesis Capital maintains strong credit quality in line with its policies and procedures
• Assist with ensuring that financial systems, fundamental recordkeeping, and financial reporting are compliant with legal requirements
• Stay abreast of the latest developments in the commercial real estate and finance industries

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level