Commercial Real Estate Underwriter

Please be informed, this position is for Experienced Commercial Real Estate Underwriters only who have a minimum 5+ years of experience in this domain.

Mission :

The mission of the Commercial Real Estate Underwriter is to evaluate and recommend commercial real estate loan requests. The role involves making sound risk assessments through in-depth analysis of historical financials, projections, property appraisals, and market conditions, while adhering to regulatory guidelines and company policies.

Key Results

• Spread financial information and prepare a prescreen within 48 hours or receipt of Prescreen Checklist items
• Achieve a minimum of 4 loans funded each quarter
• Produce a Credit Approval Memorandum within 10 business days of a loan entering underwriting

Core Competencies

• Analytical Thinking
• Attention to Detail
• Collaborating with Others
• Decision Making
• Problem Solving

Responsibilities

• Analyze and assess the creditworthiness of borrowers and the financial viability of commercial real estate projects.
• Evaluate financial statements, rent rolls, operating statements, and other financial documents to determine the economic viability of a property.
• Conduct market research to understand the local real estate market trends, property values, and potential risks.
• Assess the value and condition of the property being used as collateral to ensure it meets the company's standards.
• Structure loan terms and conditions that mitigate risk while meeting the needs of both the borrower and the lender.
• Ensure all underwriting processes comply with federal, state, and local regulations, as well as internal company policies.
• Prepare detailed reports and presentations for loan committees and senior management, outlining the risks and benefits of loan requests.
• Work closely with loan officers, appraisers, legal counsel, and other stakeholders to gather necessary information and provide comprehensive evaluations.
• Stay informed about changes in regulatory requirements and industry best practices to maintain compliance and mitigate legal and regulatory risks.
• Travel may be required for training purposes.

Requirements

• Minimum of 5 years' experience in commercial lending, preferably with a focus in commercial real estate and hospitality
• Bachelor's degree in Finance or Accounting with strong academic record
• Strong analytical skills with the ability to interpret complex financial data and identify key risk factors
• Strong time management skills
• Ability to work independently with minimal supervision
• High attention to detail and ability to identify discrepancies in data
• Proficiency in using Microsoft Excel and Word
• Excellent verbal and written communication skills in English with the ability to articulate findings and recommendations effectively and concisely
• Ability to work in a fast-paced and multi-national environment
• Ability to multi-task, solve problems and think quickly
• Proactive and results focused
• Must demonstrate initiative and effective independent technical decision-making skill
• US locations available are limited to Salt Lake City, Utah and Glendale, Arizona
30+ days ago