KeyBank

Sr Transactions Underwriter

KeyBank$80K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • BS in Business/Finance
  • 3-4 years of commercial mortgage loan servicing and/or underwriting experience
  • Excellent verbal and written communication skills
  • Strong analytical skills
  • Proficiency in Microsoft Word and Excel

Responsibilities

  • Underwrite borrower requests for consent on actions related to commercial real estate loans
  • Analyze quantitative and qualitative data from legal documents and financial statements
  • Negotiate transaction terms to mitigate risks for the noteholder
  • Prepare written credit memos for internal review and approval
  • Collaborate with legal counsel to document and close transactions
  • Assist Transactions Managers with hiring, training, and process improvements

Benefits

  • Incentive compensation opportunities including production and discretionary bonuses
  • Flexible work options for mobile environments
  • Comprehensive benefits package available
Full Job Description

Location:

11501 Outlook Street, Overland Park Kansas

ABOUT THE JOB (JOB BRIEF)

  • Underwrite borrower requests for lender consent on actions pertaining to loans secured by commercial real estate.  Underwriting will include quantitative and qualitative analysis of legal documents, property financial statements, rent rolls and real estate collateral in addition to borrower organizational structure and management experience.  Transactions recommended for approval must conform to the terms of existing loan documents and loan servicing agreements. Transaction types include but are not limited to assumptions, transfers of interest, partial releases, easements, alterations to collateral, modifications and property management changes. Implement servicing standards in underwriting requests, and in working with internal  and external clients. 

ESSENTIAL JOB FUNCTIONS

  • The Underwriter will communicate with borrowers, attorneys, third parties and real estate investors to gather and analyze information required to underwrite approximately 50 transactions annually.   The Underwriter will negotiate transactional terms that identify and mitigate the risk to the noteholder for each transaction and are in the best interest of the lender.  Transactions underwritten will be moderate to highly complex.  A written credit memo summarizing the request and recommendation is prepared by the Underwriter and presented to the Company’s internal authorized signors as well as other loan servicers and rating agencies with approval authority.  Work with legal counsel and support staff to document and close each transaction.
  • Marginal functions include, assist the Transactions Managers with hiring, training, mentoring, process improvement and with special projects as needed.


REQUIRED QUALIFICATIONS

  • BS in Business/Finance
  • 3-4 years commercial mortgage loan servicing and/or underwriting experience
  • Excellent verbal and written communication skills 
  • Strong analytical skills 
  • Microsoft Word and Excel


PREFERRED QUALIFICATIONS

  • Experience in real estate which may include underwriting, closing, credit analysis, loan servicing, or special servicing.

COMPENSATION AND BENEFITS

This position is eligible to earn a base salary in the range of $80,000.00 - $150,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives.

Please click for a list of benefits for which this position is eligible.

Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 08/21/2026 #LI-Hybrid

About KeyBank

Shockingly, nearly 9-in-10 people who get their real estate license in America fail. We're solving that problem; And doing it while increasing profitability for the brokerage. Through technology, business automation, and a team approach we have created a system where agents focus solely on working with clients and closing deals.

KeyBank Careers

Joining KeyBank means stepping into a world of professional growth and innovation, where job opportunities abound in an environment that values leadership, diversity, and forward-thinking. As a member of our team, you will be part of a company that's committed to empowering your career journey while contributing to the financial wellness of our communities.

Work You'll Do

At KeyBank, we're not just in the business of banking; we're in the business of helping individuals and communities thrive. By joining our team, you will have the chance to be part of a culture that celebrates diversity and fosters leadership and professional development. Whether you're looking for a position in customer service, IT, finance, or management, KeyBank offers a variety of roles suited to your skills and career aspirations.

Innovate and Lead

KeyBank stands at the intersection of finance and innovation. Our employees are encouraged to lead with creativity and integrity, driving solutions that make a real difference. With a focus on digital transformation and sustainable growth, your work at KeyBank will challenge the status quo and encourage you to explore new ideas.

Grow Your Career

Career growth at KeyBank is not just a possibility—it's a priority. We are dedicated to your professional development through comprehensive training programs, leadership workshops, and continuous learning opportunities. Our commitment to your growth is matched by our dedication to inclusion, ensuring all voices are heard and valued.

Be Part of a Great Team

Our team at KeyBank is our strongest asset. We believe in using our collective skills to foster an environment of innovation and collaboration. Join us and connect with colleagues who are just as passionate and driven as you are. Through teamwork, we achieve exceptional results and push the boundaries of what's possible in the banking sector.

Internship and Employment Opportunities

For those starting their careers, KeyBank offers robust internship and employment opportunities that provide a solid foundation in the financial industry. Interns at KeyBank gain hands-on experience, beneficial networking connections, and insights into our day-to-day operations, setting the stage for a successful career.

Benefits and Culture

KeyBank is committed to offering benefits that enhance your life and well-being. From healthcare to retirement plans, and flexible working conditions, we ensure our employees are well taken care of. More than just benefits, our company culture is built on respect, integrity, and accountability—values that guide us in making a positive impact on our clients and communities.

Join Our Team

Explore the job opportunities at KeyBank and find the right fit for your skills and interests. We are continuously hiring and looking for individuals who are curious, innovative, and ready to make a difference. Prepare your resume, ace your interview, and join a team that's dedicated to your success and to transforming the landscape of banking.

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Join KeyBank and be part of a company where your career is as important to us as it is to you. Together, let's unlock opportunities for growth, innovation, and meaningful impact in the financial world.
Learn more about KeyBank
Size
17,110 employees
Market Cap
$16 billion
Industry
Net Income
$1.3 billion
Founded
1825
5 Year Trend
+5.6%
NASDAQ

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