nareit logo

The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. REIT Credit Underwriter for Top Ten Commercial Bank

REIT Credit Underwriter for Top Ten Commercial Bank

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
New York
 NY
Postal Code
10017
Country
United States

This job is no longer active.

Description


Our client is seeking a skilled REIT or Commercial Banking Underwriter to join their REIT Credit Underwriting team.

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

The Credit Specialist I is responsible for ensuring quality and compliance for the REIT & Private Equity Real Estate Fund portfolio within Corporate / Institutional Commercial Real Estate (ICRE), supporting new business development while applying credit risk policy and adhering to the bank’s risk appetite. The Credit Specialist I performs the credit underwriting and credit administration functions. The Credit Specialist I works to achieve credit management objectives within the team. The job works closely with the Relationship Manager and Credit Officer to ensure consistency with the Bank’s Risk Appetite Principles, including establishing the Borrower Risk Ratings and Facility Risk Ratings for new and existing credit relationships.

Department Overview

Institutional Commercial Real Estate focuses on high quality, top tier, and well-capitalized developers, professional managers, and owner/operators of investment real estate. Specific core asset classes include Multi-Family, Office, Retail, and Industrial properties.

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

4 year Undergraduate degree or equivalent experience; advanced degree in financial discipline preferred, other advanced degree considered
 

Job Sector


 

Experience


5+ to 7 years


This job is no longer active.

Finance / Investment Office New York Full Time NY Finance, Financial Analysis, Underwriting Originator, Commercial Real Estate Credit Investments other