Social Capital Resources

CRE Underwriter

Social Capital Resources New York, NY
Social Capital Resources

CRE Underwriter

Social Capital Resources New York, NY
3 months ago 90 applicants

See who Social Capital Resources has hired for this role

Pay found in job post

Retrieved from the description.

Base pay range

$130,000.00/yr - $145,000.00/yr
Top-Tier Commercial Bank in Midtown, Manhattan is seeking multiple Commercial Real Estate (CRE) for permanent positions!

Responsibilities

  • Prepare loan presentations ensuring all details of the credit proposal are complete and accurate, provide assessment and adequacy of deal structure, risk ratings, and creditworthiness.
  • Review and analyze appraisal, environmental, engineering, construction and inspection reports; communicates with report writer to resolve any discrepancies.
  • Review loan documents prior to closing to ensure that all documents comply with the credit approval.
  • Analyze the financial condition of businesses and individuals by thoroughly reviewing financial statements, tax returns and other relevant financial documents. Responsible for independently underwriting all credit requests for new applicants and existing obligors.
  • Underwrite loans ranging from $100K to $10MM includes working capital facilities, borrowing base lines of credit, term loans, commercial mortgages, construction and bridge financing and government guarantee loan products (SBA / USDA).
  • Interact with Bank attorneys, accountants, and loan brokers, as needed.
  • Provide post-funding analytical and monitoring support of credit relationships and portfolio maintenance including annual
  • Prepare quarterly impairment analysis reports.
  • Create departmental procedures for day-to-day routine tasks. Assist the CCO in ongoing policy review and changes as required.
  • Prepare reports and loan files for regulators and internal auditors.
  • Provide mentoring to the Portfolio Manager.
  • Assist Chief Credit Officer with special projects.

Qualifications

  • Bachelor's Degree
  • Excellent working knowledge of underwriting and credit risk administration for owner occupied and investment commercial real estate, commercial and industrial, construction loans and SBA/USDA loan products.
  • Excellent working knowledge of underwriting and credit risk administration for owner occupied and investment commercial real estate, commercial and industrial, construction loans and SBA/USDA loan products.
  • Credit experience at a commercial bank, credit union or community development financial institution preferred.

This position is paying $130,000-$145,000 as a base salary, plus bonus.

  • Seniority level

    Mid-Senior level

  • Employment type

    Full-time

  • Job function

    Finance and Sales

  • Industries

    Staffing and Recruiting

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