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Wells Fargo · 1 day ago

Lead Commercial Real Estate Underwriter

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

$167K/yr - $260K/yr

5+ years exp

Wells Fargo is a leading financial services company, and they are seeking a Lead Commercial Real Estate Underwriter to conduct underwriting and due diligence on Commercial Real Estate loans for Commercial Mortgage-Backed Securities. The role involves managing complex loan transactions, ensuring compliance with risk programs, and training junior team members.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

Underwrite complex CMBS loans primarily from ~$5MM to $150MM

Complete underwriting and financial models for transactions

Conduct due diligence on property cash flow and operating expenses

Review tenant leases and estoppels

Read and review third party reports, including environmental, engineering, and appraisals

Field questions from Rating Agencies and investors related to the underwriting of the transaction

Review borrower organizational charts and documents

Complete Site Inspections

Identify risks and mitigates associated with transactions

Identify any required CMBS underwriting disclosures during the transaction

Prepare internal risk ratings for the bank

Prepare and present credit approval memos

Manage and train junior team members

Work alongside senior leadership to enhance efficiency in the platform and influence objectives, plans, specifications, resources, and long-term goals for business and technical needs across Commercial Real Estate Underwriting

Qualification

Commercial Real Estate UnderwritingCommercial Mortgage-Backed SecuritiesFinancial modelingMicrosoft ExcelCredit policies knowledgeProject managementStrategic planningManagement presentationsCommunication

Required

5+ years of Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education