Senior Credit Underwriter

Genesis Capital LLC•Scottsdale, AZ

1d•$140,000 - $175,000•Onsite

About The Position

Genesis Capital (the “Company”) 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 Sr Credit Underwriter is responsible for evaluating new lending opportunities and performing comprehensive analysis to determine the creditworthiness of the borrower. The Senior Credit Underwriter will evaluate the underlying project (collateral) as well as perform a financial analysis of the borrower and guarantor(s). The Sr Credit Underwriter is responsible for managing multiple underwriting projects/tasks simultaneously, including direct borrower interaction, preparation of credit memorandums, market analysis, and various pipeline management activities. The Senior Credit Underwriter’s job is to ensure Genesis Capital maintains strong credit quality in line with its policies and procedures. Principal Duties: ESSENTIAL FUNCTIONS include the following. Other duties may be assigned. The Sr Credit Underwriter’s key responsibility is to 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. Works with Loan Officers and Relationship Managers to obtain all required due diligence items. Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff. Present credit memorandums to Credit Management for review and approval. Analyzes legal documentation such as corporate entity documents to understand borrower structure and works with Compliance for AML/KYC. Loan documents may also need to be reviewed. Mentors Credit Underwriters to develop strong credit skills. Performs related duties as assigned by management.

Requirements

Must have bachelor’s degree; MBA preferred.
Minimum 7+ 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.
Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective.
Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation
Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines.
Capable of leading or mentoring other team members when necessary.
Ability to identify potential credit issues and appropriately escalate to management.
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.
Works with Loan Officers and Relationship Managers to obtain all required due diligence items.
Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff.
Present credit memorandums to Credit Management for review and approval.
Analyzes legal documentation such as corporate entity documents to understand borrower structure and works with Compliance for AML/KYC.
Loan documents may also need to be reviewed.
Mentors Credit Underwriters to develop strong credit skills.
Performs related duties as assigned by management.