Senior Specialist, Real Estate Lending

BNY Mellon•New York, NY

3d•$90,000 - $120,000

About The Position

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We’re seeking a future team member for the role of Senior Specialist, Real Estate Lending, to join our Credit Services team. This role is located in New York, NY. Senior Specialist, Real Estate Lending supports Client Executives in Commercial Real Estate (CRE) across the full lending lifecycle for Public REIT corporate revolvers and real estate construction/project loans. The role spans screening, origination, underwriting, closing, and portfolio monitoring with a strong emphasis on credit analysis, risk assessment, and regulatory compliance.

Requirements

Bachelor’s degree in Finance or equivalent combination of education and experience is required. MBA is preferred.
3–5 years of total work experience, preferably in real estate lending or commercial banking preferred.
Demonstrated experience in credit analysis, underwriting, and portfolio monitoring preferred.
Experience with Public REITs, construction lending, project finance, or agency functions preferred.
Familiarity with loan documentation, covenant structures, and regulatory reporting preferred.

Responsibilities

Deal Screening and Underwriting Support the end-to-end underwriting process for Public REIT corporate revolvers and construction/project loans.
Prepare credit memos with clear narratives, risk assessments, mitigants, and recommendations.
Analyze borrower/guarantor financials, cash flows, collateral structures, market conditions, and sponsor strength.
Develop and maintain financial models and sensitivities (e.g., DSCR, LTV, coverage ratios, stress scenarios).
Credit Risk Assessment and Approval Assess creditworthiness using quantitative/qualitative frameworks; identify key risks and mitigants.
Coordinate with Risk and Credit Administration to support timely approvals and documentation.
Ensure adherence to internal credit policies, rating methodologies, and regulatory requirements.
Closing and Documentation Assist with closing workflows, documentation review, and conditions precedent tracking.
Partner with Legal, Operations, and Risk to ensure accurate loan setup and funding.
Portfolio Management and Monitoring Prepare annual and interim reviews; update borrower ratings with defensible rationale.
Monitor covenant compliance, financial reporting, collateral valuations, and market indicators.
Track regulatory reporting and internal controls; escalate exceptions and propose remediation plans.
Client Marketing and Presentation Assist with pitch materials, term sheets, and client presentations; maintain standardized templates.
Partner with Client Executives to support origination pipelines and client relationships.
Team Collaboration and Development Provide guidance to junior analysts/associates on models, memos, and best practices.
Contribute to platform/process enhancements; share insights to improve speed and quality.