Senior Specialist, Real Estate Lending

BNY Mellon • New York, NY

2d

About The Position

The Senior Specialist, Real Estate Lending joins the Credit Services team in New York, NY, supporting Client Executives in Commercial Real Estate across the full lending lifecycle for Public REIT corporate revolvers and real estate construction/project loans. The role spans deal screening, origination, underwriting, closing, and portfolio monitoring, with an emphasis on credit analysis, risk assessment, and regulatory compliance.

The specialist prepares credit analyses and recommendations, assesses borrower and guarantor financials and collateral, and develops financial models and sensitivities. The role also supports approvals, loan closing and documentation, portfolio reviews and monitoring, client marketing materials, and origination pipelines. The specialist provides guidance to junior analysts and associates and contributes to platform and process improvements.

Requirements

• Bachelor’s degree in Finance or an equivalent combination of education and experience.
• 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 containing 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 tracking conditions precedent.
• 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.

What This Job Offers

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