First Bank Chicago · 2 weeks ago
Commercial Real Estate Officer
Greater Chicago Area
Full-time
Hybrid
Entry, Mid Level
$95K/yr - $105K/yr
2+ years expFirst Bank Chicago is seeking a Commercial Real Estate Officer to originate and manage client relationships while underwriting loans and completing financial analysis. The role involves developing new prospects and managing a portfolio of real estate relationships, with responsibilities including loan proposal preparation and collaboration with senior relationship managers.
BankingFinanceFinancial Services
Hiring Manager
Nicole DiVito
Responsibilities
Originate and manage client relationships
Develop new prospects, manage and grow a portfolio of existing real estate relationships
Identify and execute on a variety of real estate transactions including multifamily, industrial, office and commercial construction loans
Maintain and manage a portfolio, with ability to build relationships with existing and prospective clients focusing on revenue growth, fee income, deposits and cross-selling services
Respond to client inquiries
As needed, request and gather updated financial and operating information, perform financial analysis and confirm loan grades or recommend changes based on the analysis
Update paper and/or electronic client loan files
Work with Loan Operations, Deposit Operations and business bankers to meet clients’ banking needs
Approve draw requests
Monitor and address past due loans and overdrawn deposit accounts
Review information on market trends in commercial real estate
Underwrite and close commercial real estate loans
With senior relationship managers, interview clients and prospects regarding credit and service needs
Perform site inspections, prepare corresponding site inspection memos and enter the memos into the CRE site inspection tracking file
Review appraisals and other third-party reports including credit inquiries
Evaluate financial and operating information including property level cash flows and guarantor financial information
Prepare loan proposal letters and commercial loan applications for self and senior relationship managers
Work with Loan Operations and/or attorneys to generate and review loan documents and coordinate loan closings to include tracking progress against the checklists and gathering requisite documents to share with the Loan Closer
Attend department meetings
Attend Management Loan Committee and Director’s Loan Committee meetings as needed
Attend Officers’ meetings
Review information on market trends in commercial real estate
Maintain familiarity with underwriting and Loan Policy guidelines
Attend training as required
Participate in CRA activities which require a minimum of 12 hours of volunteering annually
Other duties as assigned
Qualification
Required
Bachelor's degree in Business, Accounting, Finance, Economics or equivalent related experience
2 - 3 years of financial analysis experience
Minimum of two years' work experience in a commercial real estate lending environment
Organized, detail oriented
Ability to create monitoring and tracking systems
Skilled in financial analysis, deal structuring and loan underwriting
Understanding of real estate lending, CRE loan policy and regulatory requirements
Ability to multi-task while meeting deadlines
Ability to solve problems
Ability to work in a fast-paced environment
Tact and diplomacy in dealing with team members, bank employees and clients
Strong written and verbal skills
Proficiency with Microsoft Word, Excel, PowerPoint and Outlook
Knowledge of FISERV
Benefits
Medical/dental/vision/life insurance
401(k)
Paid time off (PTO)
Eligibility for an annual bonus
Company
First Bank Chicago
First Bank Chicago provides personal and commercial banking services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Eric Ephraim
Chief Executive Officer
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