Senior Risk Manager & Underwriter

About the role

Siemens Financial Services Inc (SFS), Project Structure Americas (PS-AM) is hiring a Senior Underwriter – Real Estate to manage new business underwriting, execution, and portfolio management for healthcare construction and acquisition loans.

Responsibilities

• Review, underwrite, and close new healthcare real estate transactions using sound credit and structure analysis.
• Manage a portfolio of closed and funded transactions for SFS.
• Negotiate, underwrite, and close non-recourse commercial real estate loans used for acquisition and construction transactions.
• Analyze and discuss third party property valuations, including MAI appraisals.
• Analyze and discuss third party property reports including valuation, condition, environmental and zoning reports.
• Assess underlying tenant financial statements as well as third-party property reports.
• Lead deal packaging/submittal process by authoring the Credit Report and other appropriate underwriting documents for approval or presentation to the appropriate lending authority committee.
• Manage the construction draw package process through completion from a credit and risk management perspective.
• Maintain end-to-end ownership of transactions from initial underwriting through construction completion and ongoing portfolio monitoring.
• Gather and evaluate client information, compare to industry benchmarks, analyze third party information, assess risk and recommend credit levels, financing structures and documentation requirements within standards and following risk management policies.
• Ensure all SFS risk management guidelines are adhered to and exceptions documented.
• Partner with internal and external legal counsel to negotiate loan documentation, proactively identifying and resolving legal, structural, and credit issues.
• Assist in the oversight of the documentation/contracting and funding/booking processes, including resolving any open items and ensuring all credit conditions are satisfied prior to funding.
• Be responsive and provide ongoing support to the sales, marketing and business development personnel, and develop working relationships with other support functions (Legal, Loan Operations, Asset Management, Accounting).
• Attend industry seminars and courses focused on credit skills, financial statement analysis, commercial construction, portfolio management, project finance and the Healthcare and Real Estate industries.
• Contribute to the continuous improvement of underwriting standards, documentation approaches, and risk management practices across the Structured Finance platform.

Requirements

• 10 years underwriting and portfolio management experience in commercial real estate transactions.
• Experience serving as a mentor, reviewer, or technical resource to underwriters within the risk management team.
• Demonstrated experience negotiating, underwriting, and closing non-recourse commercial real estate loans used for acquisition and construction transactions.
• Experienced analyzing and discussing third party property valuations, including MAI appraisals.
• Experienced in loan negotiation and documentation.
• Minimum 4-year college degree with a focus on Finance, Business Administration or Accounting.
• Demonstrate a comprehensive overall knowledge of credit, audit, and portfolio management as well as a general understanding of new business development and loan servicing and administration.
• Excellent verbal and written communication skills including ability to interact effectively and directly with customers and with all levels of management.
• Ability to travel 25%.

Preferred Qualifications

• MBA preferred or sufficient additional industry experience.
• Completed formal bank credit training program.

Benefits

This position is Hybrid and can be based in the following states: New York, New Jersey, Connecticut, or Pennsylvania.

Pay

$120,666 - $206,858

Schedule

50%