Senior Specialist, Real Estate Lending
About The Position
The Senior Specialist, Real Estate Lending joins BNY’s Credit Services team in New York, NY. The role supports Client Executives in Commercial Real Estate across the full lending lifecycle for Public REIT corporate revolvers and real estate construction/project loans, with an emphasis on credit analysis, risk assessment, and regulatory compliance. The position supports deal screening, origination, underwriting, closing, and portfolio monitoring. It prepares credit memos and financial analyses, coordinates approvals and documentation, monitors portfolio performance and compliance, and assists with client marketing materials. The specialist also provides guidance to junior analysts and associates and contributes to process improvements. BNY describes its culture as supporting employee growth and success and highlights its work as a global financial services company. Compensation and benefits may include an annual discretionary incentive award, 401(k), medical, dental, vision, basic life insurance, paid time off, and paid volunteer time, subject to eligibility and applicable plan terms.
Requirements
- Bachelor’s degree in Finance or an equivalent combination of education and experience is required.
- 3–5 years of total work experience; real estate lending or commercial banking experience is preferred.
- Experience in credit analysis, underwriting, and portfolio monitoring is preferred.
- Experience with Public REITs, construction lending, project finance, or agency functions is preferred.
- Familiarity with loan documentation, covenant structures, and regulatory reporting is preferred.
Nice To Haves
- MBA.
- Experience in real estate lending or commercial banking.
- Demonstrated experience in credit analysis, underwriting, and portfolio monitoring.
- Experience with Public REITs, construction lending, project finance, or agency functions.
- Familiarity with loan documentation, covenant structures, and regulatory reporting.
Responsibilities
- Support end-to-end underwriting for Public REIT corporate revolvers and construction/project loans.
- Prepare credit memos with clear narratives, risk assessments, mitigants, and recommendations.
- Analyze borrower and guarantor financials, cash flows, collateral structures, market conditions, and sponsor strength.
- Develop and maintain financial models and sensitivities, including DSCR, LTV, coverage ratios, and stress scenarios.
- Assess creditworthiness using quantitative and qualitative frameworks and 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.
- Assist with closing workflows, documentation review, and conditions precedent tracking.
- Partner with Legal, Operations, and Risk to ensure accurate loan setup and funding.
- Prepare annual and interim reviews and 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.
- Assist with pitch materials, term sheets, and client presentations, and maintain standardized templates.
- Partner with Client Executives to support origination pipelines and client relationships.
- Provide guidance to junior analysts and associates on models, memos, and best practices.
- Contribute to platform and process enhancements and share insights to improve speed and quality.
Benefits
- Highly competitive compensation and benefits, with wellbeing programs.
- Potential eligibility for an annual discretionary incentive award.
- Eligible employees may enroll in a 401(k) plan.
- Eligible employees may participate in company-sponsored medical, dental, vision, and basic life insurance plans for themselves and eligible dependents.
- Various paid time off benefits, such as vacation and sick time, depending on the position offered.
- Generous paid leaves, including paid volunteer time.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
