Commercial Underwriter

POSITION OVERVIEW:

The candidate is responsible for providing support in delivery of due diligence and real estate analysis for CMBS, agency multifamily, securitization and other commercial real estate loan underwriting and debt consulting services. This role involves participating in managing multiple transactions with multiple clients under tight timelines.

ESSENTIAL JOB FUNCTIONS:

Provide analytical support in the underwriting and closing of commercial real estate loans or securitizations or affordable housing loans on behalf of our clients

Review, analyze and/or 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 requirements

Assist with loan closings and procure needed closing items

Research, analyze and summarize tenant level information including financial trends and credit ratings or stock market capitalization

Research, analyze and summarize market and submarket information including inventory, absorption, new/proposed development, 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 that will be included in credit memos and asset summary reports

Assist in developing value conclusions for all property types

Such other activities as may be assigned by your manager

SKILL SETS REQUIRED:

Strong knowledge in CRE Multifamily loan underwriting including CMBS guidelines and standards as well as the covenants employed to protect lenders exposure in the transactions

Ability to work independently and to carry out assignments to completion 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 ability to effectively communicate with both internal and external customers

Proficiency in MS Office Suites

Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service

Time management skills are essential to meet deadlines and to accommodate ad-hoc request

QUALIFICATIONS/ REQUIREMENTS:

Any graduation/ postgraduate in any discipline

Preferred fields of study include Accounting, Finance, Real Estate, and Business

2-12 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