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CRE Underwriter
Governance
New York, United States
175,000 USD
6 Mar 2025
Job Description
About the role:
The Senior Credit Underwriter (VP) role is a key position in our Credit team responsible for undertaking and presenting robust credit risk analysis in support of relationship-led loan requests from Commercial Real Estate (CRE) team. The role will cover all CRE segments (e.g. Multi-Family, Mixed-Use, Office, Industrial, Retail, Hospitality, Charter Schools, Construction) with an emphasis on transitional, and the individual will be expected to deal with the most complex transactions and to coach less experienced underwriters.
Duties and responsibilities of the job include the following (but is not limited too):
The Senior Credit Underwriter (VP) role is a key position in our Credit team responsible for undertaking and presenting robust credit risk analysis in support of relationship-led loan requests from Commercial Real Estate (CRE) team. The role will cover all CRE segments (e.g. Multi-Family, Mixed-Use, Office, Industrial, Retail, Hospitality, Charter Schools, Construction) with an emphasis on transitional, and the individual will be expected to deal with the most complex transactions and to coach less experienced underwriters.
Duties and responsibilities of the job include the following (but is not limited too):
- For the most complex transactions, undertaking comprehensive financial and credit risk analysis in support of loan requests; including but not limited to financials, projections, global cash flows, REO schedules, industry/market, structure, management, terms and environmental.
- Demonstrating deep understanding of credit risks and mitigants, presenting clearly and concisely in risk focused credit proposals for submission to the appropriate approval authority.
- Analyze third party appraisals, challenge appraiser assumptions and sensitize in your credit analysis. Review appraisal analysis undertaken by more junior credit underwriters.
- Work collaboratively with Lending Officers throughout the transaction process, ensuring financials are complete, accurate and received in a timely manner. Attend client meetings and/or site visits as appropriate.
- Strong understanding of compliance, regulations and the Bank’s commercial lending policies, clearly outlining any exceptions to policy and supporting rationale in the credit proposal.
- Ensure all credit related questions from the approval authority are addressed efficiently and effectively.
- Contribute effectively at Credit Committee and other Committee meetings as appropriate.
- Provide guidance and oversight for more junior credit underwriters.
- Assisting in the completion of various monthly, quarterly or ad hoc reports as necessary.
- Assisting in gathering information required by Bank examiners and internal audit.
- Bachelor’s degree in Business, Accounting or Finance; or equivalent experience
- Minimum 7 years in credit related field, preferably in a banking environment with CRE lending
- Strong analytical / financial modeling skills
- Ability to multi-task, work at speed to meet challenging deadlines, while maintaining high levels of accuracy
- Excellent written and verbal communication skills
- Strong interpersonal skills; work collaboratively and with integrity with key internal and external stakeholders
- Strong team player with desire to develop and coach less experienced members of the team
- Working knowledge of all MS Office Suite products and appetite to learn core database management programs
- Knowledge and experience of all key segments of the CRE industry, with particular focus on the Tri-State region.
- Management experience, setting goals, motivating, coaching and managing performance of team members.
Skills
Balance Sheet Risk
Job Reference
165155
Date Posted
6 Mar 2025
Industry
Commercial Banking
Category
Risk Management
Role
Credit Risk Manager
Level
Mid-Level
Employment
Permanent
Working Location
Onsite
Salary/Rate
175,000 USD
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