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Job Title : Commercial Real Estate Underwriter Location State : Tamil Nadu Location City : Chennai Experience Required : 3 to 5 Year(s) CTC Range : 3 to 6 LPA Shift: Rotational Work Mode: Onsite Position Type: Permanent Openings: 10 Company Name: VARITE INDIA PRIVATE LIMITED About The Client: Client is a leading global professional services company that helps the worlds leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services. About The Job: We help clients address quality and productivity issues, keep pace with customer expectations, navigate regulatory and operational pressures and ensure business sustainability by transforming their banking operations into an agile, resilient operating model. The Corporate banking /Wholesale banking team is responsible for helping clients and organizations processes trade finance transactions by providing superior service delivery to trade customers whilst safeguarding the bank from risks associated with this business. Identify and assess, prevent and mitigate and account to provide reasonable measures to adapt before executing an agreement in relation to the real estate and immovable property. Valuation of commercial real estate using software like Argus, extracting key information from lease agreements (including amendments) and rent rolls. Essential Job Functions: Attended a training course on this skill and/or has had brief exposure to this skill. Uses basic terminology in regard to the skill. Recognizes and/or articulates basic concepts, facts, methods, techniques in day-to-day work experiences. Moderate exposure to this skill and related work experiences. Can assist other team members with questions and problems related to this skill Applies skill (at basic level to work situations, with some guidance. Extensive exposure to this skill and related work experiences. Applies skill (at advanced level) to work situations with medium complexity, with little or no guidance. May train and/or direct the work of others in application of skill. Regarded as a center wide resource on this skill. Applies detailed knowledge and skills to complex (or new) work situations in multiple settings settings. Trains and/or directs work of other in complex facts, methods, and techniques related to the skill. Qualifications: Good written and oral communication skills Clearly communicate and interpret financial data like Loan Terms, Rent Rolls, Operating statements etc. Interpretation of complex Commercial, Office and Retail Loan documents Review of Underwriting templates, Loan/Lease abstracts, Loan set-up, Equity & Debt Financing. Thorough knowledge/experience in analyzing Budget data including various expense line items pertaining to the different types of Properties, Rent Roll Summary, Underwriting and Re-Underwriting, Loan Terms etc. Ability to work on multiple projects and work under tight timelines. Strong domain expertise in commercial real estate (CRE), Loan Underwriting, Loan/Lease Abstraction, Loan Setup, Operating Statements, Rent Rolls, Equity & Debt Financing, property valuation models through Discounted Cash Flow analysis . Support the team working for CRE mortgage lenders and investors engaged in loan underwriting and acquisition/disposition or asset management . Review market performance and borrower creditworthiness to arrive at potential strengths and risks/mitigants for loans underwritten Perform Review and provide feedback to team members Good communication skills Understand Client emails Analyse complex deals and provide guidance to team members Educational B.Com, BBA, MBA How to Apply: Interested candidates are invited to submit their resume using the apply online button on this job post. Equal Opportunity Employer: VARITE is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, veteran status, or disability status. Unlock Rewards: Refer Candidates and Earn. If you're not available or interested in this opportunity, please pass this along to anyone in your network who might be a good fit and interested in our open positions. VARITE offers a Candidate Referral program, where you'll receive a one-time referral bonus based on the following scale if the referred candidate completes a three-month assignment with VARITE. Exp Req - Referral Bonus 0 - 2 Yrs. - INR 5,000 2 - 6 Yrs. - INR 7,500 6 + Yrs. - INR 10,000 About VARITE: VARITE is a global staffing and IT consulting company providing technical consulting and team augmentation services to Fortune 500 Companies in USA, UK, CANADA and INDIA. VARITE is currently a primary and direct vendor to the leading corporations in the verticals of Networking, Cloud Infrastructure, Hardware and Software, Digital Marketing and Media Solutions, Clinical Diagnostics, Utilities, Gaming and Entertainment, and Financial Services.
