About this role: Wells Fargo is seeking a Senior Commercial Real Estate Underwriting Coordinator. In this role, you will: Support the Commercial Real Estate Underwriting functional area in servicing, underwriting, and asset management Work with individuals in more experienced roles to understand client needs and coordinate efforts to service clients by working closely with different departments in the Commercial Real Estate Underwriting functional area Perform moderately complex administrative, transactional, operational, and customer support tasks related to Commercial Real Estate Underwriting functional area Review credit reports from borrowers and ensure collected data meets all the regulatory requirements Receive direction from supervisor to understand client needs and provide services to achieve customer satisfaction Interact with immediate team and functional area on daily operational activities Interact with external customers to understand their needs Required Qualifications: 4+ years of more experienced Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: Experience in Commercial Real Estate Screening, Underwriting, or equivalent demonstrated through one or a combination of the following: work experience, training, education. Ability to read, comprehend and synthesize data regarding property performance / market related information from multiple sources into one prescribed template. Knowledge of mortgages, real estate market, and financial lending. Sound understanding of commercial credit analysis techniques including cash flow analysis, financial concepts and valuation of collateral. Good knowledge with excel skills. Excellent communication skills, with good comprehension and business writing skills. Analytical bent of mind and ability to draw pattern from discrete set of data. Master Degree in Accounting, Finance, Economics Any professional Finance/Accounting/Economics certification would be a plus Job Expectations: Responsible for evaluating financial performance of all commercial real estate properties based on a variety of factors and determining DSCR, LTV, Debt Yield. This would include review of cash flow statements, rent roll and underwrite the loan based on CRE guidelines. Analyzing historical cash flows and developing proforma based on historical performance of the property and relevant market data. Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark. Perform market research of real estate using various third-party applications and compare performance of subject property against market data to draw conclusion of overall performance. Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset. Document and synthesize all the findings based on above mentioned reviews and prepare a credit memo or narrative. Quality check of work performed by junior team members and provide appropriate feedback on the same. Understand the feedback received from the onshore team members and disseminate the same to the team. Provide training to the team members and educate them on different scenarios. Effectively communicate with Underwriters and Asset Managers and make sure to deliver the desired output. Inventory Management, tracking metrics and preparing monthly reports.
