Senior Underwriting Analyst

Berkadia•Chevy Chase, MD

1d•$85,000 - $100,000•Hybrid

About The Position

The Senior Underwriting Analyst is responsible for assisting Underwriters through all stages of the loan due diligence and underwriting process. The Senior Underwriting Analyst should be capable of managing their own deals with minimal oversight from the Underwriter. This role involves executing additional projects and duties as directed by the Subject Matter Expert (SME), Underwriter, or Deputy Chief Underwriter (DCU). The analyst will handle all underwriting tasks for assigned deals, coordinating and monitoring the quality of loan underwriting tasks performed by internal resources to ensure timely and accurate delivery, and escalating issues with proposed solutions to the Underwriter. They will also draft underwriting documentation and present deals to the loan committee under guidance. A key aspect of this role is fostering the growth and development of less experienced analysts by creating an engaging environment, mentoring, and guiding them to advance their skills through on-the-floor support, knowledge sharing, and constructive feedback. The Senior Underwriting Analyst will identify areas for improvement in newer analysts and customize training, proactively manage daily workload, ensure timely communication and collaboration with peers, distribute workload equitably, and assess the capacity of internal resources for optimal team utilization. Clear communication, both verbally and in writing, with all levels within the underwriting process, including the Mortgage Banking team and Third-Party Vendors, is essential. The role also involves continuously suggesting process improvements and best practices, developing a personal development plan for self-study training, participating in required programs, coaching and mentoring other staff members, and demonstrating flexibility in supporting other underwriting tasks as required. Other duties as assigned.

Requirements

Demonstrate strong multitasking abilities in fast-paced environments with competing priorities, coupled with exceptional attention to detail.
Effectively manage expectations with a proactive, solution-oriented attitude, identifying issues and providing suggestions.
Possess excellent written and verbal communication skills.

Responsibilities

Execute additional projects and duties as directed by the Subject Matter Expert (SME), Underwriter, or Deputy Chief Underwriter (DCU).
Handle all underwriting tasks for assigned deals, coordinating and monitoring the quality of loan underwriting tasks performed by internal resources to ensure timely and accurate delivery. Escalate issues and propose solutions to the Underwriter.
Draft underwriting documentation for the Underwriter and present deals to the loan committee under the guidance of the Senior Underwriter and DCU.
Cultivate positive relationships within the underwriting network to execute business and achieve shared goals, demonstrating diplomacy and flexibility.
Foster the growth and development of less experienced analysts by creating an engaging environment. Mentor and guide analysts to advance their skills by providing on-the-floor support, sharing knowledge and best practices, and offering constructive feedback.
Identify areas for improvement in new or less experienced analysts and customize training to ensure they meet learning curve expectations.
Proactively manage daily workload, ensuring timely communication and collaboration with peers, and distribute workload equitably across the team. Assess the capacity of internal resources to ensure optimal team utilization.
Communicate clearly, both verbally and in writing, with all levels within the underwriting process, including the Mortgage Banking team and Third-Party Vendors.
Continuously suggest process improvements and best practices.
Develop a personal development plan for self-study training and participate in required programs.
Coach and mentor other staff members.
Demonstrate flexibility in supporting other underwriting tasks as required by the process.
Other duties as assigned.