Underwriter, Chicagoland Area

Job Description

WHO WE ARE

CBRE is the global leader in commercial real estate services and leverages the industry's most powerful knowledge base to meet the commercial real estate needs of its clients worldwide. Our vision is to be the preeminent, vertically integrated, globally capable real estate service firm. Globally we employ over 70,000 employees and operate in 48 countries.

CBRE has been ranked the industry's top brand by the Lipsey Company for 15 consecutive years and has been named one of Fortune's 'Most Admired Companies' in the sector four years in a row. Through our values of respect, integrity, service and excellence, we maintain a relentless focus on creating winning outcomes for our clients, employees and shareholders.

The commercial real estate market is undergoing a significant and exciting change - driven by data and technology. Digital and Technology powered products play a vital role in CBRE's mission to create unmatched value for our clients.

WE OFFER

A commitment to providing you with career growth opportunities within your CBRE career

An open source culture/atmosphere that encourages learning and contributing back to the community.

Energetic and collaborative teams and consulting partners

We support staying on top of the latest best practices and tools

A competitive compensation package, complete with benefits (Medical/Dental/Vision/401(k)/Disability)

Paid holidays/vacation

WHO YOU ARE

Ideal candidate will have 4+ years of Underwriting experience in the Commercial Real Estate Industry preferably focused within the Multi-Family line of business. Experience with Agency, Freddie Mac/Fannie Mae is a plus. This individual will be able to manage several active deal's competing priorities that are at various stages within the process while forging and maintaining positive relationships.

This role will require occasional travel to complete necessary inspections within the North Central Region.

Role will be onsite at either the Downtown Chicago Office or the Oakbrook Office.

JOB SUMMARY

Responsible for evaluating loan requests, assessing key areas of risks and conformance with CBRE and Freddie Mac credit standards and program requirements. Reviews and prepares field underwriting submissions for loan committee and investor submission.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Responsible for credit and real estate analysis, processing incoming exhibits and preparing final delivery of investor packages.

Preparation of Borrower credit analysis including determination of net worth, liquidity, overall financial strength and acceptability of proposed borrower structure.

Reviews, amends and/or prepares Underwriters narrative and underwriting packages on new loan requests.

Reviews underwriting due diligence information and integrates real estate information from market research reports and other third-party sources.

Interfaces and collaborates with department support staff i.e. production analysts. Reviews and submits post-closing underwriting loan delivery packages to Freddie Mac.

Other duties as assigned.

SUPERVISORY RESPONSIBILITIES

No formal supervisory responsibilities in this position. Provides informal assistance such as technical guidance, and/or training to coworkers. May lead project teams and/or plan and supervise assignments of lower level employees.

EDUCATION and EXPERIENCE

Bachelor's degree from a four-year college or university required.

Minimum two years experience in analysis of commercial real estate properties, including duties such as inspecting property, reviewing financial statements, and underwriting loan transactions. Appraisal experience is desirable for property valuation and market analysis.

COMMUNICATION SKILLS

Excellent written and verbal communication skills. Strong organizational and analytical skills. Ability to provide efficient, timely, reliable and courteous service to customers. Ability to effectively present information.

FINANCIAL SKILLS

Requires knowledge of financial terms and principles. Ability to calculate intermediate figures such as percentages, discounts, and/or commissions. Conducts basic financial analysis.

REASONING SKILLS

Ability to comprehend, analyze, and interpret documents. Ability to solve problems involving several options in situations. Requires intermediate analytical and quantitative skills.

TECHNOLOGY SKILLS

Proficient in common Adobe and Microsoft applications including: Word, PowerPoint and Excel.

TRAVEL

Will be required to travel as needed.

SCOPE OF RESPONSIBILITY

Decisions made with understanding of procedures and company policies to achieve set results and deadlines. Responsible for setting own project deadlines. Errors in judgment may cause short-term impact to co-workers and supervisor.

Equal Opportunity and Affirmative Action Employer
Women/Minorities/Persons with Disabilities/US Veterans

JOB REQUIREMENTS:
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