National Cooperative Bank · 1 week ago
CRE Underwriter
Arlington, VA
Full-time
Onsite
Mid, Senior Level
3+ years expNational Cooperative Bank is seeking a CRE Underwriter to support business development officers in the underwriting process for Commercial Real Estate, HOA, and Co-op lending transactions. The role involves analyzing financial data, preparing presentations, and conducting portfolio reviews to ensure credit quality and market awareness.
Banking
Responsibilities
The candidate will be responsible for analysis and underwriting of current and prospective Commercial Real Estate, HOA, and Co-op lending transactions
The CRE Underwriter works closely with loan origination and external deal partners for the purposes of prospecting new transactions and analyzing the credit quality of prospective and current business
Analysis includes preparing and reviewing a spreadsheet of historical financial data, evaluating impact of new debt on current cash flow, sensitizing projections for worst case scenarios, and identifying policy exceptions
In addition to financial review, a collateral and industry assessment is included in a written presentation, which also summarizes strengths and weaknesses of credit and a recommendation to decline or approve the request
Provide portfolio and industry analysis as necessary for portfolio and prospective new business
Stay abreast of market conditions and other changes that impact the conduit line of business using the Internet and other research tools
Perform periodical reviews of existing loan relationships of the Bank
Assist with routine maintenance of credit files and Bank systems including financial tracking system
Assist in completing annual reviews of the commercial portfolio
Perform other duties as assigned
Qualification
Required
BA/BS in finance, real estate finance, or related field
3-5 years of commercial real estate and finance/minimum 5-7 years for sr underwriter level required
Proficiency in business writing skills and strong communication skills
Attention to detail and analytically minded
Proficient computer skills (Excel skills are a must)
Company
National Cooperative Bank
National Cooperative Bank is a company that offers banking and financial services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Casey Fannon
Chief Executive Officer
Charles Snyder
President and CEO
Recent News
Crain's New York Business
2024-10-31
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