Senior Credit Underwriter (Commercial Real Estate)

Principal Duties

• Assess risk in the borrower’s business strategy/experience and their real estate projects/investments.
• Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy.
• Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment likelihood/capacity.
• Conduct market analyses and review real estate appraisals.
• Works with Loan Officers and Relationship Managers to obtain all required due diligence items.
• Present credit memorandums to Credit Management for review and approval.
• Analyze legal documentation such as corporate entity documents to understand borrower structure and works with Compliance for AML/KYC. Loan documents may also need to be reviewed.
• Mentors Credit Underwriters to develop strong credit skills.
• Performs related duties as assigned by management.

Education and Experience

• Must have bachelor’s degree; MBA preferred.
• Minimum 7+ years in Commercial Real Estate banking or private real estate lending, in the form of underwriting, credit analysis or related experience.
• Experience in construction lending is a plus.
• Knowledge of complex real estate lending and loan structuring.
• Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation.
• Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis.
• Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
• Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications for pipeline management.

Knowledge, Skills, and Abilities

• Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective.
• Able to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation.
• Capable of managing multiple tasks concurrently and prioritizing workload to meet deadlines.
• Capable of leading or mentoring other team members when necessary.
• Able to identify potential credit issues and appropriately escalate to management.
• Adapts to change in priorities and/or processes easily in a fast-paced work environment.
• Excellent interpersonal, negotiation, presentation, oral, and written communication skills.