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Commercial Real Estate Loan Underwriter

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Ladera Ranch
 CA
Postal Code
92694
Country
United States

This job is no longer active.

Description


POSITION SUMMARY

The Commercial Real Estate Loan Underwriter must be able to evaluate loan opportunities, including, the real estate collateral securing the proposed loan, the surrounding market and demographic area and the adequacy of the loan structure of the transaction and/or relationship. Primary duties include the underwriting of commercial real estate and bridge loans, reviewing loan documents, spreading financial statements, evaluating borrow/guarantor financial support and management, and developing rationale for pricing decisions. Your role will be responsible for all aspects of a proposed loan from the time the borrower executes the term sheet through closing.

ESSTENTIAL DUTIES AND RESPONSIBILITIES

Duties and Responsibilities include, but are not limited to the following:

 

  • Underwrite loan opportunities on commercial real estate properties on a nationwide basis
  • Analyze loan files and review loan documents for completeness
  • Analyze financial statements to determine operating trends and viability of businesses
  • Reviews Tax returns and additional credit information to assess borrower/guarantor net worth and potential support
  • Prepare detailed analyses of historical property operations to make informed decisions about future performance
  • Prepare preliminary and final credit memorandum for presentation to Credit Committee
  • Research and investigate applicable industry and market data/trends
  • Determine collateral valuation for real estate and business assets securing the loan
  • Coordinates and incorporates 3rd party reports into their credit analysis
  • Projects loan level cash flows based on potential resolution outcomes
  • Create a detailed credit summary for investment committee review
  • Present underwriting analysis to investment committee and makes pricing recommendations.
  • Other Responsibilities may include: 
    • Work on special projects as assigned
    • Assists origination credit officers as needed
    • Assists asset managers on working out relationships as needed
    • Interacts with Capital Markets on an as needed basis to support pricing models
    • Participates in periodic meetings with Commercial Lending and Senior Management to monitor portfolio trends and specific asset performance
    • Work with IT and Application Development on building and supporting underwriting models
    • Recruits qualified candidates for credit department
    • Demonstrates behaviors which are aligned with the organization’s desired culture and values

 

QUALIFICATIONS

The ideal candidate should possess the following skills:

 

  • Four (4) Year college degree (Bachelor) or equivalent work experience
  • Ten or more (10+) years’ work experience
  • Minimum of five (5) years’ experience as an underwriter underwriting multiple types of commercial real estate loans in a financial institution (or equivalent)
  • Experience in reviewing and analyzing third party reports, including appraisals, environmental, engineering and seismic studies
  • Ability to work on multiple transactions simultaneously and work effectively in a collaborative environment
  • Strong analytical skills with advanced proficiency in Excel, Word and Power Point
  • Strong, clear and concise communication skills including ability to write and orally present workout strategies.
  • Ability to exercise good judgment and solve problems independently.
  • Desire to contribute in a variety of ways to the overall success of the enterprise.
  • Some travel may be required.
 
 

Experience


10+ to 15 years


This job is no longer active.

Finance / Investment Retail Ladera Ranch Full Time CA Finance, Financial Analysis, Underwriting Analyst or Associate other