CRE Underwriter

About the role

The primary role of the CRE Underwriter position is to support business development officers in the underwriting process for current and prospective Commercial Real Estate, HOA, and Co-op lending transactions.

Responsibilities

• Analyze and underwrite current and prospective Commercial Real Estate, HOA, and Co-op lending transactions.
• Prepare and review spreadsheets of historical financial data.
• Evaluate the impact of new debt on current cash flow.
• Sensitize projections for worst‑case scenarios.
• Identify policy exceptions.
• Conduct collateral and industry assessments and summarize strengths, weaknesses, and a recommendation to approve or decline in a written presentation.
• Provide portfolio and industry analysis as needed for portfolio and prospective new business.
• Stay abreast of market conditions and other changes impacting the conduit line of business using Internet and research tools.
• Perform periodical reviews of existing loan relationships.
• Assist with routine maintenance of credit files and bank systems, including financial tracking systems.
• Assist in completing annual reviews of the commercial portfolio.
• Perform other duties as assigned.

Requirements

• 3‑5 years of experience in commercial real estate and finance.
• Proficiency in business writing and strong communication skills.
• Attention to detail and an analytical mindset.
• Proficient computer skills; Excel proficiency is required.

Qualifications

BA/BS in finance, real estate finance, or a related field.

Skills

• Business writing
• Communication
• Attention to detail
• Analytical thinking
• Computer proficiency (Excel)

Schedule

Hybrid work arrangement: employees split time between remote and onsite work, must live within a reasonable commuting distance, and are required to be onsite at least two days per week (specifically Tuesdays and Wednesdays); additional in‑office days may be required based on business needs.