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Alma Bank · 1 day ago

Senior Underwriter

New York, NY

Full-time

Onsite

Mid, Senior Level

$95K/yr - $130K/yr

5+ years exp

Alma Bank is seeking a Senior Underwriter to originate, underwrite, and analyze loans and construction loans. The role involves evaluating real estate loan requests, ensuring compliance with regulations, and monitoring loan portfolio performance.

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Responsibilities

Originate, underwrite, credit analysis and write up of loans and construction (ADC) loans

Evaluate prospective and or existing real estate loan requests by: Spreading and analyzing current and proposed property and/or business operating statements. Have a thorough understanding of various loan asset classes. Spread personal financial statements and tax returns and be proficient in K-1’s and global cash flow analysis. Must be able to identify recurring and non-recurring sources of cash flow, the property’s ability to cover debt service and ability of client/guarantor to support the property

Review and assess pertinent documentation such as leases, purchase/sale agreement, DHCR printouts, certificate of occupancy (C of O), building violations, rent rolls, income & expense statements, personal and corporate tax returns, personal and corporate debt schedules for consistency and accuracy with credit narratives

Interface with Lending Officers and Relationship Managers and assist in the pre-screening and sizing of potential loans

Monitors compliance with loan policy and appropriate state and FDIC banking regulations

Monitors overall performance of all Credit Officers/Underwriters

Advises and assists department managers, officers, and staff in their respective functions associated with the areas for which he or she has direct responsibility

Ensures compliance and procedure quality control of policies and pricing disciplines through the implementation, maintenance, and measurement of policies, procedures, and other related infrastructure documentation

Maintain a working knowledge of all laws and regulations to ensure that all job accountabilities performed are in compliance with legal and regulatory requirements

Monitors the performance, direction and composition of the loan portfolios

Works with Relationship Managers to actively address Past Dues, Technical Deficiencies and other portfolio management/administrative unresolved issues

Order and review property appraisal reports, environmental (Phase I and II), and engineering reports as part of loan due diligence. Interface with 3rd party vendors to promptly resolve any issues with reports

Work on special projects as related to CRE, Construction and Appraisals as needed

Qualification

Underwriting experienceCredit analysisReal estate loansCRE Construction underwritingLegal terminology proficiencyMS Office proficiencyAnalytical skillsCommunication skillsSelf-starter