• Commercial Real Estate Underwriter

    Location US-NY-Long Island City
  • Overview

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


    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



    • 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



    • 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



    • 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



    • 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.


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