Underwriter Jobs

About The Position

Requirements

• Bachelor's degree or equivalent work experience.
• Seven to ten years of commercial lending experience.

Nice To Haves

• Strong foundation in CRE underwriting across multiple property types, including cash flow, valuation, sponsor analysis, structure, and covenants.
• Experience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committees.
• Strong analytical and technical writing skills, including the ability to translate complex sponsor, tenant, and technical diligence into clear credit narratives.
• Strong verbal and written communication skills and the ability to collaborate across origination, portfolio management, credit risk, and technical advisors.
• Ability to independently drive analyses while partnering closely with Relationship Managers, Portfolio Managers, and Credit Approvers.
• Familiarity with banking credit policy, loan documentation concepts, and CRE underwriting processes, including construction, bridge, term, and portfolio facilities.
• Experience with nCino, CoStar, and/or other CRE research platforms.
• Advanced proficiency in Microsoft Excel for cash flow modeling and scenario analysis, and proficiency with the broader Microsoft Office Suite.

Responsibilities

• Underwrite new originations and portfolio exposures across a broad range of commercial real estate asset classes.
• Analyze borrower financials, property cash flows, collateral valuations, sponsor strength, covenant sensitivities, and market conditions.
• Prepare clear, comprehensive written credit analyses and supporting documentation.
• Execute straightforward credit requests for existing clients with limited supervision.
• Assist with annual company-wide credit reviews for clients with multiple property holdings, including analysis beyond bank-financed properties.
• Support existing property transactions, including refinancings, and ground-up construction projects.
• Monitor construction budgets and review monthly construction draws through project completion.
• Assist with new deal originations involving typical transaction sizes of $50 million to $100 million and selected transactions up to $750 million.
• Participate in preparing and negotiating term sheets, as applicable.
• Support Relationship Managers and Portfolio Managers in managing an assigned portfolio of commercial real estate client relationships.
• Spread borrower financial statements accurately and consistently in accordance with bank standards and credit policies.
• Prepare quarterly trend analyses, monitoring reports, and covenant compliance testing.
• Maintain compliance monitoring and financial reporting databases, tracking credit agreement requirements, borrower financial receipts, and key credit metrics.
• Participate in quarterly portfolio reviews, including analysis of operating statements, rent rolls, and risk assessments.
• Identify and communicate emerging risks, mitigants, and other transaction- and portfolio-level issues.
• Collaborate with Credit Approvers and internal risk partners.
• Participate in client bank meetings as needed to support underwriting, portfolio management, and risk discussions.
• Serve as a reliable first line of credit analysis and escalate issues appropriately.

Benefits

• Healthcare coverage, including medical, dental, and vision.
• Basic term and optional term life insurance.
• Short-term and long-term disability insurance.
• Pregnancy disability and parental leave.
• 401(k) and employer-funded retirement plan.
• Paid vacation, from two to five weeks depending on salary grade and tenure.
• Up to 11 paid holiday opportunities.
• Adoption assistance.
• Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
• Incentive and recognition programs.
• Equity stock purchase.