Senior Commercial Underwriter
6 days ago
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in finance with New Edge Associates.
We are currently seeking to hire a world-class analyst who can lead the execution of portfolio due diligence and evaluate mortgage loans for acquisition and origination.
- Perform and document due diligence (or coordination and review of due diligence performed by others) for potential acquisition target.
- Identify risks associated with loans and investments opportunities.
- Review appraisals for conformity with initial loan sizing, underwriting and consistency.
- Analyze borrower and property financials including operating statements, tenant rent rolls, tax returns, balance sheets, and bank statements.
- Review property historical operating statements.
- Manage the workflow from data intake through due diligence to final bid preparation.
- Perform comprehensive financial valuations involving discounted cash flow, accretion/dilution, and comparable company/transaction analysis.
- Prepare and structure credit memorandums for final approval which should include all fundamentals of proposed loan to ensure compliance with established policies, procedures and guidelines.
- Coordinate loan closings.
- Create, update and maintain all aspects of the loan management report.
- Review and evaluation of Closing Statements, Payoffs, Forbearance Agreements and any other legal department-initiated correspondence intended to be issued to or received from borrowers
- Perform Ad Hoc analysis and reviews of potential business opportunities.
Requirements:
10yrs.+ of CRE Underwriting (Special Assets and Debt Fund experience preferred)
The ideal candidate has a commercial real estate background (finance/banking) CANNOT be C&I or Consumer related
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