Description
The Company
Our client is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services
Position:
REIT Credit Underwriter - Credit Specialist I - ICRE / REIT
Location:
- Boston, Massachusetts
- New York, New York
- Charlotte, North Carolina
Purpose of the Position
Department Overview
Key Responsibilities
- Performs in depth credit analysis in partnership with Relationship Manager on potential and existing customers to determine alignment with Bank products/structure, Credit Risk Appetite and credit policies/underwriting guidelines
- Partners with the Relationship Manager on potential structure proposals that are in alignment with Bank products/structure, Bank Credit Risk Appetite and credit policies/underwriting guidelines
- Attends site visits and prospect/customer calls as needed or as requested
- With support from the Credit Analyst, prepares credit applications for new and existing borrowers; Applications shall include new transactions, extensions, modifications, renewals and Annual Reviews
- Ensures applications provide a high quality of risk assessment, credit structure, due diligence, and credit presentation and adhere to AIRB methodology and address the Bank’s profitability objectives
- Manages the timely approval, documentation preparation and negotiation, and closing of new and existing transactions
- Is knowledgeable of and operates within the applicable regulatory and compliance guidelines/policies & procedures (including but not limited to: AML, Privacy, Firewalls, Systems & Information Security, FCAC, etc.) and ensures that all staff complete required compliance attestations/training within required timelines
- Ensures the managed portfolio is comprehensively monitored and controlled, adhering to and administered within approved guidelines and in line with established operating policies and procedures
- Interprets and applies the Bank’s risk management strategy (both credit and operational)
- Understands changing market conditions and remain knowledgeable of relevant industry issues
- Responsible for managing aspects of the customer relationship including, but not limited to, reviewing reports and delinquencies, signing off of covenant compliance forms and determining strategy if failures occur, completing monthly monitoring; overseeing Credit Analysts that will provide support in these responsibilities
- Must be eligible for employment under regulatory standards applicable to the position.
The Candidate
Experience and Professional Qualifications
- 4-year Undergraduate degree or equivalent experience; advanced degree in financial discipline preferred, other advanced degree considered
- Minimum 7 years' experience in related field
- Strong credit underwriting and administration skills
- Ability to identify and mitigate risk
- Ability to provide value-add structuring alternatives for complex credits
- Strong written and verbal communication skills with demonstrated understanding of business acumen
- Solid interpersonal skills
- Customer focused
- Strong planning and organizational skills.
- Ability to problem solve in less complex situations
- Technologically proficient
Preferred Qualifications:
- Sophisticated Institutional CRE experience
- REIT & Private Equity Fund experience
Inclusiveness
The Bank is committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve and creating an environment where every employee has the opportunity to reach their potential.
Education
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