• Commercial Real Estate Underwriter

    Location US-NY-Long Island City
    Category
    Operations
  • Overview

    Primary underwriter for Commercial Real Estate (CRE) Lending department; role includes both the underwriting and portfolio management of commercial loans.

    Responsibilities

    Underwrite CRE loans, including:

    • Perform sponsor/guarantor and borrower due diligence
    • Spread and analyze sponsor/guarantor financial statements
    • Analyze borrower operating statements and prepare pro forma cash flow
    • Source appropriate market data to support the loan request
    • Analyze commercial leases
    • Review third party reports, including appraisals and environmental reports
    • Run stress scenarios
    • Prepare succinct credit memos outlining key risks and mitigants
    • Present to Commercial Credit Committee
    • Review loan documents
    • Coordinate loan closings with Accounting and Loan Servicing

     Portfolio Management, including:

    • Track loan metrics
    • Conduct property site visits
    • Annual portfolio reviews
    • Loan risk grading
    • Annual counter party due diligence for participated loans

    Qualifications

    TYPE & AMOUNT OF EXPERIENCE:

    • Bachelor’s degree (Business, Accounting or Finance preferred) and a minimum of 5 years experience analyzing commercial real estate loan transactions in a commercial banking environment
    • Experience with preparation and presentation of loan proposals

     

    TECHNICAL COMPETENCIES:

    • Strong knowledge of CRE underwriting techniques, regulations and guidelines
    • Solid understanding of CRE loan documents, practices and regulations
    • Strong understanding of personal and business tax returns, financial statements, leases and credit profiles
    • Ability to analyze CRE appraisals and environmental reports
    • Proficiency with MS Office, including Word and Excel

     

    BEHAVIORAL COMPETENCIES:

    • Self-motivated
    • Ability to work independently
    • Sound judgment
    • Ability to adapt to change
    • Demonstrate ethics and integrity
    • Demonstrate drive and purpose
    • Interest in continuous learning
    • Communicate effectively
    • Ability to build and foster relationships

     

    WORK ENVIRONMENT/CONDITIONS:

    • Standard office conditions
    • Some travel required for visiting participating credit unions and performing property inspections in NY, NJ, CT, DC, VA and MD
    • Occasional work from home flexibility with management approval

     

    In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.

    Options

    Sorry the Share function is not working properly at this moment. Please refresh the page and try again later.
    Share on your newsfeed