Senior Underwriter

POSITION OVERVIEW:

The candidate will be responsible for supporting initial loan sizing and underwriting tasks for commercial real estate (CRE). This includes providing due diligence and real estate analysis for CMBS, agency, securitization, and other CRE loan underwriting and debt consulting services. The role involves managing multiple transactions with various clients under tight deadlines.

ESSENTIAL JOB FUNCTIONS:

Provide analytical support in underwriting and closing commercial real estate loans, securitizations, or affordable housing loans for our clients
Review, analyze, and interpret financial operating statements, rent rolls, third-party reports, tenant lease agreements, surveys, title reports, zoning reports, property insurance policies, credit reports, and other due diligence documents
Assist with loan closings and procure necessary closing items
Research, analyze, and summarize tenant-level information, including financial trends, and credit ratings
Research, analyze, and summarize market and submarket information, including inventory, absorption, new/proposed developments, and rent and vacancy trends
Extract pertinent data from appraisal, engineering, environmental, and other third-party reports
Write property, market, borrower/sponsor descriptions, and third-party report summaries for inclusion in credit memos and asset summary reports
Assist in developing value conclusions for all property types
Monitor loan covenants and perform quarterly reviews to ensure compliance with loan terms and conditions, identifying and addressing any potential issues promptly
Perform other activities as assigned by your manager
Provide support in the delivery of due diligence and real estate analysis for CMBS, agency multifamily, securitization, and other commercial real estate loan underwriting and debt consulting services
Participate in managing multiple transactions with various clients under tight deadlines
Support initial loan sizing and underwriting tasks for commercial real estate (CRE)

SKILL SETS

REQUIRED:

Comprehensive knowledge of the U.S. Commercial Real Estate (CRE) industry across all property types, including Multifamily, Office, Retail, Industrial, Lodging, and Healthcare
Proficiency in analyzing Property Operating Statements and Rent Rolls
Experience in evaluating CRE loan originations, reviewing third-party reports (appraisal, environmental, and engineering), and preparing Asset Summary Reports
Expertise in underwriting commercial properties through financial, lease, and rent roll analysis
Proven track record in end-to-end CRE Portfolio Monitoring for Commercial Banks
Strong knowledge in CRE Multifamily loan underwriting, including CMBS guidelines and standards, as well as covenants to protect lenders’ exposure in transactions
Ability to perform complex tasks independently with minimal supervision
Strong self-learning skills and the ability to share best practices
Familiarity with various data sources such as REIS and Co Star
Ability to work independently and complete assignments within prescribed routines and standard accepted practices
Ability to see the big picture and implement at a high level of detail
Excellent verbal and written communication skills, including the ability to effectively communicate with both internal and external customers
Proficiency in MS Office Suites
Ability to work under pressure and meet deadlines while maintaining a positive attitude and providing exemplary customer service
Strong time management skills to meet deadlines and accommodate ad-hoc requests

QUALIFICATIONS/ REQUIREMENTS:
Any graduation/ postgraduate in any discipline
Preferred fields of study include Accounting, Finance, Real Estate, and Business
8-10 years’ experience in real estate related or financial services industry, such as appraisal, brokerage, or banking primarily focused on commercial properties and/or master’s degree in business, accounting, finance or real estate

WORKING CONDITIONS:

Work from office