Commercial Real Estate Underwriter

Commercial Real Estate Underwriter.

In this role, you will:

• Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors and determining an appropriate risk rating, both qualitative and quantitative. This would include review of financial statements and compare it against CRE guidelines.

• Analyzing historical cash flows and developing proforma based on historical performance of the property and relevant market data.

• Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.

• Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower.

• Perform market research of real estate using various third party applications and compare performance of subject property against market data to draw conclusion of overall performance.  

• Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.

• Document and synthesize all of the findings based on above mentioned reviews.

• Quality check of work performed by junior team members and provide appropriate feedback on the same.

• Understand the feedback received from the onshore team members and disseminate the same to the team.

• Provide training to the team members and educate them on different scenarios.

• Effectively communicate with Underwriters and Asset Managers and make sure to deliver the desired output.

• Participate in reviewing and issuing applications under the direction of a more experienced underwriter and identify opportunities for process improvements within scope of responsibilities or Commercial Real Estate Underwriting functional area

• Present recommendations for resolving more complex situations and exercise independent judgement while developing expertise in the function, policies, procedures, and compliance requirements

Collaborate and consult with Commercial Real Estate Underwriting colleagues, internal partners, and stakeholders, including internal and external customers

Required Qualifications:

• 6+ months of Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education