Senior Commercial Real Estate Underwriter

Role Overview

• Analyze borrower and guarantor financial statements to assess creditworthiness, repayment capacity, and overall credit risk.
• Prepare comprehensive written credit analyses and recommendations for new loan requests, renewals, modifications, and extensions.
• Complete risk rating assessments and recommend appropriate transaction structures and credit mitigants.
• Underwrite complex commercial real estate transactions, including large balance and syndicated credit facilities.
• Present underwriting conclusions and recommendations to business line and credit approval partners.
• Manage an assigned portfolio of commercial real estate relationships.
• Oversee quarterly trend analyses, annual reviews, covenant compliance testing, and portfolio monitoring activities.
• Monitor portfolio performance and identify emerging credit trends or risk concerns.
• Ensure timely receipt and analysis of borrower financial reporting requirements.
• Maintain compliance with credit policies, underwriting standards, and regulatory expectations.
• Perform detailed financial statement spreading and analysis.
• Evaluate borrower operating performance, capital structures, liquidity, cash flow, leverage, and debt service capacity.
• Utilize financial models to assess credit quality and support underwriting recommendations.
• Analyze industry, market, and borrower-specific trends impacting credit performance.
• Maintain accurate financial and covenant tracking databases.
• Partner with Relationship Managers and Portfolio Managers to support existing client relationships and business development efforts.
• Collaborate with Credit Risk Management throughout the underwriting and approval process.
• Participate in client meetings and internal discussions regarding transaction structure, borrower performance, and credit strategy.
• Provide insights and recommendations regarding portfolio and industry trends.

Requirements

• Bachelor's degree, or equivalent work experience
• Three or more years of experience in a finance/analytical related role
• Experience underwriting commercial real estate transactions involving REITs, REOCs, real estate funds, or institutional real estate investors.
• Strong knowledge of commercial credit analysis, financial statement analysis, and risk assessment methodologies.
• Experience managing complex borrower relationships and large credit exposures.
• Ability to independently analyze credit requests and develop underwriting recommendations.
• Strong written communication and credit memorandum writing skills.
• Effective verbal communication and presentation skills.
• Ability to work independently while managing multiple priorities and deadlines.
• Experience interacting with business line partners, portfolio managers, and credit approvers.
• Ability to analyze large volumes of financial and portfolio data accurately and efficiently.
• Advanced proficiency in Microsoft Excel, including financial modeling and analysis.
• Experience utilizing nCino or similar commercial lending and credit workflow systems.
• Strong understanding of financial spreading tools and portfolio management systems.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law