Credit Underwriter
About The Position
Genesis Capital is a leading business purpose lender specializing in commercial real estate financing solutions for real estate developers. As a subsidiary of Rithm Capital, the Credit Underwriter will be responsible for evaluating new lending opportunities through comprehensive analysis of borrower creditworthiness, project collateral, and borrower financials. This role involves managing multiple underwriting projects, interacting directly with borrowers, preparing credit memorandums, and conducting market analysis to ensure the company maintains strong credit quality in accordance with its policies and procedures.
Requirements
- Bachelor’s degree.
- Minimum 3+ years in Commercial Real Estate banking or private real estate lending, in the form of underwriting, credit analysis or related experience.
- Knowledge of complex real estate lending and loan structuring.
- Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation.
- Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis.
- Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
- Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications for pipeline management.
- Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation.
- Ability to identify potential credit issues and appropriately escalate to management.
- Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines.
- Adapts to change in priorities and/or processes easily in a fast-paced work environment.
- Excellent interpersonal, negotiation, presentation, oral, and written communication skills.
Nice To Haves
- Experience in construction lending is a plus.
Responsibilities
- Assess risk in the borrower’s business strategy/experience and their real estate projects/investments.
- Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy.
- Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment likelihood/capacity.
- Conduct market analyses and review real estate appraisals.
- Work with Loan Officers and Relationship Managers to obtain all required due diligence items.
- Collaborate with various Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff.
- Present credit memorandums to Credit Management for review and approval.
- Analyze legal documentation such as corporate entity documents to understand borrower structure and work with Compliance for AML/KYC.
- Review loan documents.
Benefits
- Equal opportunity employer
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
