About This Role
Wells Fargo is seeking a Senior Commercial Real Estate Underwriting Coordinator.
In This Role, You Will Be
- Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors and determining an appropriate risk rating, both qualitative and quantitative. This would include review of financial statements and compare it against CRE guidelines.
- Analyzing historical cash flows and developing proforma based on historical performance of the property and relevant market data.
- Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.
- Perform market research of real estate using various third party applications and compare performance of subject property against market data to draw conclusion of overall performance.
- Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.
- Document and synthesize all of the findings based on above mentioned reviews.
- Quality check of work performed by junior team members and provide appropriate feedback on the same.
- Understand the feedback received from the onshore team members and disseminate the same to the team.
- Provide training to the team members and educate them on different scenarios.
- Effectively communicate with Underwriters and Asset Managers and make sure to deliver the desired output.
Required Qualifications
- Experience in Commercial Real Estate Underwriting, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- 4 to 6 years of overall experience in commercial real estate industry.
- Ability to read, comprehend and synthesize data regarding property performance / market related information from multiple sources into one prescribed template.
- Knowledge of mortgages, real estate market, and financial lending.
- Sound understanding of commercial credit analysis techniques including cash flow analysis, financial concepts and valuation of collateral.
- Good knowledge with excel skills.
- Excellent communication skills, with good comprehension and business writing skills.
- Analytical bent of mind and ability to draw pattern from discrete set of data.
- Master Degree in Accounting, Finance, Economics
- Any professional Finance/Accounting/Economics certification would be a plus
Reference Number
R-525764
