What are the responsibilities and job description for the CRE Underwriter position at National Cooperative Bank?
CRE Underwriter
VA Office
The primary role of the CRE Underwriter position is to support business development officers in the underwriting process for current and prospective Commercial Real Estate, HOA, and Co-op lending transactions.
- The candidate will be responsible for analysis and underwriting of current and prospective Commercial Real Estate, HOA, and Co-op lending transactions. CRE Underwriter works closely with loan origination and external deal partners for the purposes of prospecting new transactions and analyzing the credit quality of prospective and current business. Analysis includes preparing and reviewing a spreadsheet of historical financial data, evaluating impact of new debt on current cash flow, sensitizing projections for worst case scenarios, and identifying policy exceptions. In addition to financial review, a collateral and industry assessment is included in a written presentation, which also summarizes strengths and weaknesses of credit and a recommendation to decline or approve the request. 80%
- Provide portfolio and industry analysis as necessary for portfolio and prospective new business. Stay abreast of market conditions and other changes that impact the conduit line of business using the Internet and other research tools. Perform periodical reviews of existing loan relationships of the Bank. Assist with routine maintenance of credit files and Bank systems including financial tracking system.* 10%*
- Special Projects/Other: Assist in completing annual reviews of the commercial portfolio. Other non-essential duties may be assigned at the direction of the manager. 10%
Minimum Qualification Include:
Bachelor's Degree in finance, business administration, real estate finance, or other related field
- 3 years experience in a commercial real estate underwriting. Formal credit training is a plus.
- Fundamental knowledge of real estate finance, mortgage underwriting and secondary market investments.
- Demonstrated ability to underwrite and process commercial real estate deals.
- Demonstrated knowledge of multifamily cooperative and condominium association financing.
- Demonstrated analytical, cash flow modeling and conceptual skills.
- Proficient in Microsoft Office Suite
- Excellent oral and written communication skills
- Ability to make independent judgments under stressful conditions.
NCB is an equal opportunity employer
AA/EOE
Job Type: Full-time
Work Location: Multiple Locations