Underwriting Analyst

Colliers International•Minneapolis, MN

1d•Onsite

About The Position

Colliers is seeking an Underwriting Analyst to support our HUD/FHA underwriting team. Analysts in this role will assist our senior underwriting team from pre-underwriting analysis through the completion of the final Underwriter’s Narrative, including conducting in depth financial analysis, identifying strengths and weaknesses of prospective multifamily loans, and presenting their findings to our internal Loan Committee and Firm Application submissions to the U.S. Department of Housing and Urban Development.

Requirements

Bachelor’s Degree in Real Estate, Finance, Business, Accounting, Economics, or related field required
Exceptional written and verbal communication skills required
Intermediate Microsoft Office skills required, advanced financial and data manipulation functions in Microsoft Excel preferred
Ability to review and analyze complex financial documents
Broad intellectual curiosity including the ability and desire to grow professionally
Monthly domestic travel is required for this position
Regular and reliable attendance required
Strong math, verbal, writing, and organizational skills
Strong Microsoft Excel and Word proficiency
Excellent attention to detail
Ability to recognize and mitigate risk
Ability to work independently and in teams
Ability to multitask and work on several transactions simultaneously
Strong time management skills and ability to operate under demanding deadlines
Strong leadership skills

Nice To Haves

HUD/FHA or GSE/Fannie Mae DUS underwriting experience desired, but not a requirement
Foundational understanding of Commercial Real Estate financing gained through successful completion of Real Estate focused coursework, internships, extracurricular activities, or professional experience preferred

Responsibilities

Assist the HUD/FHA underwriting team in completing the prospective loan narrative and updating financial model with rent rolls, budgets, operating statements, and third-party report conclusions
Collaborate with the underwriting, production, and closing teams to determine deal timelines and identify challenges to prospective loans
Support the underwriting team in the credit review of prospective loans
Perform in-person property/site inspections and complete lease audits verifying property operations
Conduct market research to evaluate comparable properties and local market trends, utilizing tools such as CoStar and various third-party appraisal reports
Evaluate the strengths, weaknesses, and mitigants of prospective loans, while developing and maintaining a strong understanding of the HUD/FHA Multifamily Accelerated Processing and Office of Residential Care Facilities program guidelines
Recognizing and analyzing industry trends, including current economic conditions, interest rate environment, and demographic trends
Coordinate and compile Loan Committee packages and Pre-Application/Firm Application submissions
Other duties as assigned