The estimated salary for this position is $120,000-$150,000/Annually. Actual compensation is based on experience, skills, and qualifications.
Job Specifications
• Minimum of five (5) years experience in commercial real estate loan origination preferred.
• Underwriting experience helpful
• Demonstrated ability to source, structure and originate multifamily as well as non-multifamily real estate loans (office, retail, industrial, etc.) in the NY Metropolitan area including the NYC 5 Boroughs, Nassau, Suffolk, Westchester, Rockland, Northern NJ and Fairfield County Connecticut counties
• Experience originating construction loans, C&I loans, Owner Occupied CRE and SBA loans a plus
• Demonstrated knowledge of the local commercial real estate market as well as overall commercial real estate underwriting practices and requirements
• Undergraduate, four-year college degree preferred.
• Excellent mathematical and analytical skills. Strong negotiation and sales related skills
• Detail and goal-oriented individual, with excellent organizational skills and the ability to work independently.
Duties and Responsibilities/Results
• Solicit commercial real estate loan submissions secured by multifamily, mixed-use, retail and office properties in order to meet annual established commercial real estate loan origination targets
• Analyze, negotiate and structure new commercial real estate loan submissions for management and or Board of Trustee approval.
• Perform collateral inspections for all new loan applications.
• Develop and maintain relationships with outside business contacts including existing and potential borrowers, mortgage brokers, attorneys, real estate agents, real estate developers, accountants, etc.
• Work closely with Commercial Loan Underwriters and Commercial Loan Processors to ensure timely flow of assigned loans from application through closing and assist in resolving any issues as they arise.
• Assist the Bank's portfolio management area to ensure complete conformity with the terms and conditions of the Bank approval and loan documents as needed.
• Assist the Bank's mortgage servicing and portfolio management areas as needed with regard to delinquent loans, non-performing loans and Real Estate Owned as needed.
• Provide advice and guidance to Department personnel.
• Keep informed of trends and developments in the real estate market, as well as the changing rules and regulations pertaining to commercial real estate lending.
• Such other related duties as may be assigned from time to time.
