CRE Underwriter

IDBNY•New York, NY

2d•$120,000 - $160,000•Hybrid

About The Position

The Underwriter is responsible for leading credit underwriting and approval execution for new‑money transactions, ensuring transactions are well‑analyzed, appropriately structured, and compliant with credit policy and governance standards. The role partners closely with Relationship Managers, Portfolio Managers, Credit, Treasury, and third‑party advisors to support sound credit decisioning and risk management.

Requirements

Advanced credit and financial analysis skills, including cash flow modeling, sensitivity analysis, and stress testing
Strong credit judgment and risk assessment capabilities, with the ability to identify, evaluate, and mitigate key risks
Ability to write clear, concise, and well-supported credit memoranda
Proven ability to drive credit decisioning processes and navigate credit governance and approval frameworks
Working knowledge of collateral structures and insurance requirements

Responsibilities

Lead underwriting for new money transactions from initial analysis through credit approval
Review borrower financial spreads and perform preliminary credit analysis to support prescreen decisions, including assessment of performance trends, leverage, cash flow sustainability, and key credit risks
Conduct comprehensive underwriting analysis for new transactions, including cash flow modeling, sensitivity analysis, stress testing, and scenario analysis
Perform transaction-specific analysis as required, including property-level analysis, guarantor review, and assessment of structural risks
Coordinate and analyze interest rate and hedging assumptions when applicable and incorporate results into credit exposure analysis
Prepare loan amortization schedules and repayment profiles aligned with proposed deal structures
Develop comprehensive credit approval memoranda clearly articulating transaction structure, key risks, mitigants, and recommendations
Validate deal parameters in credit documentation, including approved amounts, funding conditions, total borrower and group exposure, and consistency with credit policy
Assess borrower and transaction eligibility relative to credit limits, approval authorities, and governance thresholds, and determine required approval levels
Present underwriting analyses and recommendations to CRO/CC and address follow-up questions
Review borrower insurance coverage against policy requirements, identify gaps or exceptions, and coordinate with insurance consultants to assess adequacy
Interpret third-party insurance reviews, negotiate coverage requirements with clients as needed, and confirm satisfaction of conditions required for deal approval