| Job Description : |
Equivalent Experience
Description:GENERAL SUMMARY:
The Sr. Commercial Real Estate Underwriter (CRE) role is to evaluate the cash flow and other characteristics of the real estate, the credit worthiness and management capabilities of the guarantor, and adequacy of the loan structure. The evaluation process encompasses analyzing the collateral property, the financial strength and experience of the borrower/guarantor, surrounding market, and demographic area.
The Sr. Commercial Real Estate Underwriter is responsible for all related aspects of underwriting of a proposed loan after term sheet through closing. Post-closing, the Underwriter will assist the Relationship Manager and Portfolio Manager with follow-up matters as needed, including but not limited to review of post-closing conditions, review and release of holdbacks, earnouts, and reserve requirements.
The Sr. Commercial Real Estate Underwriter will analyze property operations including all historical revenues, expense, rent rolls, leases, estoppels and SNDAs, guarantor’s financial statements including personal and corporate income statements, balance sheets, SREOs, and tax returns, and prepare projections for the ongoing economic viability of the property and the loan.
NATURE AND SCOPE OF POSITION:
The position works with a minimal amount of supervision and direction and is authorized to take reasonable actions necessary to carry out the assigned responsibilities of the position, provided that such action is consistent with cost-effective practices and is consistent with the policies and procedures of Kinecta Federal Credit Union and its underwriting guidelines
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Analyze property and guarantor cash flow in Excel and CASH Suite models
Review loan-related documents such as estoppels, SNDAs, tenant leases, ground leases, borrower entity structures, and loan documents for correct terms.
Assess and modify (as needed) borrower, guarantor, and loan structure.
Review third-party reports such as appraisals, environmental reports, and property condition assessments.
Correctly identify strengths, risks and mitigants, and assess credit worthiness and capabilities of borrowers, guarantors and for certain properties, tenants.
Create loan structure including holdbacks, earnouts, and reserves as needed.
Prepare detailed presentations for loan committee consideration.
Present to loan committee as needed.
Perform site visits as needed.
Interface with borrowers, appraisers, property managers, loan administration staff and brokerage community.
Be familiar with and abide by all Kinecta underwriting policies and procedures related to CRE lending guidelines.
Skills:
Underwriter, Commercial Real Estate
Additional Skills & Qualifications:Knowledge, Skills and Abilities:
Proficiency in CRE knowledge
Proficiency in tax return analysis
Proficiency in Excel, Word, and market research services.
Excellent presentation, listening, reading comprehension, and written communication skills.
Ability to draw insightful conclusion from complex information.
Ability to manage competing priorities and focus on desired outcomes.
Ability to produce outcomes with minimal direction and to find necessary resources.
Ability to manage large amounts of complex information easily, communicate it clearly, and draw sound conclusions.
Education, Training and Experience:
Bachelor’s Degree or higher in a business-related field, preferably finance or real estate.
Five years plus of experience in commercial real estate fields, especially lending relation, or market research.
Experience Level:
Expert Level
About Aston Carter:
At Aston Carter, we’re dedicated to expanding career opportunities for the skilled professionals who power our business. Our success is driven by the talented, motivated people who join our team across a range of positions – from recruiting, sales and delivery to corporate roles. As part of our team, employees have the opportunity for long-term career success, where hard work is rewarded and the potential for growth is limitless.
Established in 1997, Aston Carter is a leading staffing and consulting firm, providing high-caliber talent and premium services to more than 7,000 companies across North America. Spanning four continents and more than 200 offices, we extend our clients’ capabilities by seeking solvers and delivering solutions to address today’s workforce challenges. For organizations looking for innovative solutions shaped by critical-thinking professionals, visit AstonCarter.com. Aston Carter is a company within Allegis Group, a global leader in talent solutions.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please call 888-237-6835 or email astoncarteraccommodation@astoncarter.com for other accommodation options. However, if you have questions about this position, please contact the Recruiter located at the bottom of the job posting. The Recruiter is the sole point of contact for questions about this position. |
