Senior Credit Underwriter

2023 Genesis Capital, LLC. All rights reserved. Genesis Capital, LLC (“Lender”) and its affiliates (collectively, “Genesis Capital”) originates business purpose loans. Loans are for business purposes only and not for personal, family, or household use. This does not constitute a commitment to lend. All loans must satisfy Lender’s underwriting guidelines and due diligence.

Loan amounts, interest rates and costs presented are for informational purposes only and are subject to change without notice and at Lender’s discretion until such time a definitive agreement is duly executed by Lender and Borrower (and any other applicable parties). Other conditions may apply. Genesis Capital (NMLS  # 1454907), and certain employees, perform acts for which a license is required;

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Senior Credit Underwriter page is loaded## Senior Credit Underwriter locations:
AZ, Scottsdale time type:
Full time posted on:
Posted Yesterday job requisition :
R9477(the “Company”) is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.

The Sr Credit Underwriter is responsible for evaluating new lending opportunities and performing comprehensive analysis to determine the creditworthiness of the borrower. The Senior Credit Underwriter will evaluate the underlying project (collateral) as well as perform a financial analysis of the borrower and guarantor(s). The Sr Credit Underwriter is responsible for managing multiple underwriting projects/tasks simultaneously, including direct borrower interaction, preparation of credit memorandums, market analysis, and various pipeline management activities.

The Senior Credit Underwriter’s job is to ensure Genesis Capital maintains strong credit quality in line with its policies and procedures.## Principal Duties:
** ESSENTIAL FUNCTIONS
** include the following. Other duties may be assigned.
* The Sr Credit Underwriter’s key responsibility is to 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.  + Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff.
* Present credit memorandums to Credit Management for review and approval.
* Analyzes 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 To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
* 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…