Commercial Real Estate Senior Underwriter

Career Overview

The Senior Commercial Real Estate (CRE) Underwriter at U.S. Bank is part of a journey to help customers and businesses make better financial decisions. This role involves comprehensive financial analysis, preparing credit recommendations, and managing a portfolio of complex commercial real estate relationships.

Key Responsibilities

• Credit Underwriting & Analysis
• Analyze borrower and guarantor financial statements
• Prepare comprehensive written credit analyses and recommendations
• Evaluate borrower operating performance, capital structures, liquidity, cash flow, leverage, and debt service capacity
• Utilize financial models to assess credit quality and support underwriting recommendations
• Perform detailed financial statement spreading and analysis
• Evaluate industry, market, and borrower-specific trends impacting credit performance
• Portfolio Management
• Manage an assigned portfolio of commercial real estate relationships
• Oversee quarterly trend analyses, annual reviews, covenant compliance testing, and portfolio monitoring activities
• Monitor portfolio performance and identify emerging credit trends or risk concerns
• Maintain compliance with credit policies, underwriting standards, and regulatory expectations
• Financial Analysis
• Input and analyze borrower financial statements
• Prepare underwriting models and financial analyses in Excel
• Complete quarterly monitoring reports, trend analyses, and annual reviews
• Conduct covenant compliance testing and portfolio monitoring
• Prepare and present credit approval packages
• Support borrowers requesting new financing, loan renewals, modifications, and extensions
• Manage transactions through the full underwriting and approval lifecycle from initial analysis through final approval

Qualifications

• Bachelor's degree, or equivalent work experience
• Three or more years of experience in a finance/analytical related role
• Experience underwriting commercial real estate transactions involving REITs, REOCs, real estate funds, or institutional real estate investors
• Strong knowledge of commercial credit analysis, financial statement analysis, and risk assessment methodologies
• Experience managing complex borrower relationships and large credit exposures
• Ability to independently analyze credit requests and develop underwriting recommendations
• Strong written communication and credit memorandum writing skills
• Effective verbal communication and presentation skills
• Ability to work independently while managing multiple priorities and deadlines
• Experience interacting with business line partners, portfolio managers, and credit approvers
• Ability to analyze large volumes of financial and portfolio data accurately and efficiently
• Advanced proficiency in Microsoft Excel, including financial modeling and analysis
• Experience utilizing nCino or similar commercial lending and credit workflow systems
• Strong understanding of financial spreading tools and portfolio management systems