Commercial Real Estate Underwriter

A Commercial Real Estate (CRE) Underwriter plays a crucial role in underwriting commercial portfolios at an advanced level of complexity. You will provide guidance on structuring, servicing, and analysis for new and renewal credits. It is your responsibility to identify, gather, and review financial information to determine borrower risk ratings and appropriate loan structuring. You will assess and communicate risks to assist in department risk mitigation strategies, covering products such as lines of credit, term loans, real estate loans, and syndicated loans. Your key responsibilities include underwriting commercial credit actions in compliance with applicable regulations, procedures, and guidelines. This involves reviewing financial statements, communicating with clients or prospects, and conducting analysis to recommend borrower risk ratings and suitable loan structuring. You will ensure all involved parties are kept updated on underwriting progress and outcomes. In terms of analysis, you will conduct thorough due diligence by reviewing financial statements, property appraisals, rent rolls, and market studies. Utilizing various financial models and software, you will assess cash flow, debt service coverage ratios, loan-to-value ratios, and other key financial metrics. Conducting cash flow analysis, sensitivity testing, and calculating DSCR/LTV/Debt Yield are also part of your responsibilities. You should be well-versed in real estate valuation methods such as Gross rent multiplier (GRM), Value per door, and Cost per rentable square foot. Risk management is an essential aspect of your role, requiring you to evaluate borrower financials, guarantor liquidity, lease terms, and market conditions using third-party reports like appraisals and environmental assessments. Your duties also include reviewing industry information, key risks, mitigants, and collateral to form a general business overview of the borrower. You will collaborate closely with Bank associates and partners to resolve risk issues, communicating review schedules and potential changes in the commercial portfolio. Moreover, you will analyze loan agreements, covenants, and securitization documents for CMBS deals to ensure compliance. Preparation of detailed credit memos and underwriting reports that summarize findings and provide recommendations for credit approval or denial is part of your responsibilities. It is crucial to ensure compliance with internal policies, regulatory guidelines, and industry standards throughout the underwriting process. Building and maintaining strong relationships with clients, industry professionals, and internal teams is essential. You will work closely with loan officers, brokers, and clients to gather necessary information and address concerns during the underwriting process. Providing exceptional customer service through clear and effective communication with all stakeholders is key to facilitating smooth transactions. To qualify for this role, you should hold a Bachelor's or Master's degree in commerce, Finance & Accounting, along with a minimum of 2 to 4 years of relevant experience in CRE underwriting. The designation of a Team Leader is mandatory for this position. If you believe you have the passion for this role, you can reach out via email at jinal@careerguideline.net or by phone at 7758825565.,