Job TitleCommercial Real Estate Underwriter
Reports ToVice President, Underwriting
FLSA StatusExempt
DepartmentUnderwriting
Job PurposeThe Underwriter plays an integral part in the success of the Underwriting Department. The Underwriter is responsible for ensuring that high quality service is delivered to clients in the process of completing transactions across agency, balance sheet, and/or CMBS executions. Underwriters are responsible for the completion and presentation of credit risk analyses of properties, markets, borrowers, and loans. In addition to performing your responsibilities autonomously, the Underwriter plays a leadership role across deal teams by guiding and shaping less experienced associates.
Duties and Responsibilities- Analyze, interpret, and underwrite multifamily real estate transactions in compliance with respective agency guidelines.
- Analyze and review borrower credit information and structure, third party reports, property financials and physical information to determine deal viability.
- Cross-train across the Company's various products to cultivate ability to underwrite a variety of deal types.
- Accountable for ensuring actions and behavior drives a positive customer experience.
Minimum Qualifications- Bachelor's degree required; business, communications, or analytical-related field of study preferred.
- Proficiency in Microsoft Office including Outlook, Word, PowerPoint, and Excel.
- Experience with multifamily housing products.
Preferred Qualifications- 3+ years' experience in underwriting/financial analytical capacity; experience in commercial real estate strongly preferred
- Demonstrated knowledge of and experience in underwriting. This includes but would not be limited to a strong working knowledge of the key players in the industry, the ability to identify and underwrite the key credit, sponsor related risks, and the ability to evaluate alternative risks carefully when structuring a transaction, and a demonstrated knowledge of property operations.
- Experience in in Affordable, Seniors, or FHA transaction types a plus but not required.
Critical Competencies - Ability to interface with all levels of management.
- Excellent written and verbal communication skills.
- Passionate about culture; understands the significance of a company's culture and its power to drive success.
- Ability to work across disciplines to generate new processes and/or resolve issues.
- Proficient with Microsoft Office Suite or similar software.
- Strong attention to detail, organizational skills, and the ability to set and meet deadlines in a fast-paced environment.
- Proven ability to successfully prioritize multiple tasks and allocate resources to meet goals.
- Creative thinker with sound judgment.
- Proven ability to take initiative, think on your feet, and make thoughtful decisions.
- Highly effective project management and time management skills.
- Ability to show ownership of your work, take on challenges and demonstrate patience when learning new processes
Working conditionsThis position is in an office or remote environment, and occasional travel is required.
Physical requirements- Ability to remain in a stationary position (e.g., sitting or standing) for extended periods.
- Frequent use of hands and fingers for typing, writing, and handling office equipment.
- Ability to communicate clearly in person and via electronic means.
- Occasional lifting or moving of items up to 10-20 pounds (e.g., office supplies).
- Visual ability to read documents, screens, and reports.
- Ability to navigate office environment, including walking short distances.
