Credit Analyst/Commercial Real Estate Underwriter

Job Description

Position Summary: Responsible for underwriting of Multi-Family, Underlying Co-Op, Mixed Use, Retail, Office, Industrial and Construction loan applications under approved loan policies, guidelines and procedures.

Essential Duties:

• Assist the Origination Team in identifying and establishing contact with brokers and other sourcing channels
• Review third party reports including Appraisal Reports, Environmental Reports, Credit Reports and other credit documentation and make recommendations to support the final credit decision.
• Ensure that loan all supporting credit documentation is contained in the file and appropriately analyzed to support the final credit decision.
• Analyze commercial real estate income and expenses and generate income statements.
• Analyze financial capabilities and develop global liquidity analyses for prospective borrowers.
• Assist Loan Team with processing questions or concerns.
• Prepare memos and reports as required including loan summaries, pipeline reports, and other reports.
• Ensure that all credit information entered into the loan origination system is accurate.
• Review information for loan originations and acquisitions, recommendation of work for escrow releases, requests for extensions and or modification of loan terms.
• Adheres to regulatory requirements and company policies and procedures.
• Behaves in a manner that is consistent professional standards.
• Performs other job related duties as assigned

Skills/Qualifications:

• Four-year College Degree with a major in Finance, Economics or Real Estate preferred, or equivalent experience; appraisal experience helpful
• Desire to learn about commercial real estate lending
• Energetic and driven to succeed
• Good communication skills – written and oral
• Proficient in Word and Excel
• Highly organized

Employees are currently working remotely due to COVID but position works out of  NYC office (521 Fifth Ave, NY, NY) once employees return to the office. Support team is in Valhalla, NY