SVP, Head of Underwriting

2 days ago

Boston, United States Berkshire Residential Investments Full time
Company Overview

Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.

If you're interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.

Position Summary

The SVP, Head of Underwriting is responsible for managing the underwriting function, maintaining credit quality, and providing leadership to the Berkshire Residential and MF1 Underwriting teams.

Responsibilities include, but are not limited to:
  • Oversee Screening and Underwriting of Berkshire Debt Investments. For direct investment loans, work with Senior Underwriters and Deal Teams to ensure investments are underwritten to Berkshire and MF1 standards
    • Manage a team of Underwriters
    • Lead regular Underwriting Pipeline meetings to ensure ongoing communication, early identification of issues
    • Monitor underwriting and due diligence, assist with risk identification and mitigation in timely fashion
    • Seek to provide workable solutions to identified risks and raise critical discussions with senior leadership, when needed
    • Perform site inspections, as necessary
    • Meet Sponsors, as necessary
    • Review presentation materials for accuracy, content, and deal/loan support
    • Ensure due diligence documentation is complete, comprehensive, and saved electronically
    • Support Capital Markets and Deal Teams to prepare materials for securitization or other exit strategies
  • For other debt investments in the bridge funds, work with Portfolio Management to ensure prudent underwriting and analysis is completed and oversee process
    • Monitor underwriting and due diligence, assist with risk identification and mitigation.
    • Perform site inspections as necessary
    • Review presentation materials for accuracy and content
    • Be resource for proactively identifying, mitigating, and working to resolve issues with internal and external stakeholders
  • Be critical Investments contact for Deal teams and Senior Underwriters to assist in providing solutions in timely fashion throughout the underwriting process and support loans pre- and post-closing (including reporting, valuation, as needed).
  • Provide oversight, guidance for any transfers of ownership and control. Ensure all requisite criteria and analysis are completed, issues identified, discussed and mitigated
  • Provide training, guidance and knowledge to production and underwriting teams to enhance the MF1 approach to underwriting
  • Support capital raising efforts on behalf of the BRI Debt Platform, directly facing clients; participating in client meetings; providing capital raise due diligence efforts
  • Support Portfolio Management, Debt Strategies, Investments, and Capital markets with investor reporting, follow-up and meetings as necessary
  • Participate in national and regional trade associations that further Berkshire's business, including ULI, National Multi-Housing Council, and other appropriate organizations
  • Consistently demonstrate use of tact and discretion.
Knowledge/Experience:
  • Minimum 15 years' experience in commercial real estate in the multi-family sector in multiple geographies
  • Experience in both debt and equity transactions preferred
  • Savvy and experienced underwriting and structuring of multifamily debt and equity transactions, including in the distressed arena
  • Knowledge of full capital structures and how best to structure transactions for maximum return
  • Effective negotiations skills, including, but not limited to, knowing what's important, creating win/win opportunities, knowing when to be flexible, when to be firm and knowing when to ask for investment committee guidance
  • Demonstrated successful experience in structuring debt, mezzanine and preferred equity deals
  • Demonstrated management skills with track record of building teams and identifying, mentoring, and growing talent in-person and virtually
  • Aptitude for organizing, prioritizing, and managing multiple priorities, using critical thinking and problem solving
  • Demonstrated multi-modal communication style that reaches every stakeholder, specifically excellent verbal, and written communications
  • Collaborative working style with inclusive work and thinking behaviors, commitment to excellence in teams and work product, with a strong work ethic
  • Proficiency and willingness to adopt new systems and processes.
  • Demonstrate emotional intelligence in high pressure and sensitive situations
  • Ability to see, analyze and understand business dealings in terms of the overall business plan
  • Tenacity, patience, and perseverance to work with business deals from beginning to end of process
  • Represent the Berkshire employment brand well to candidates by seeking to understand the capabilities and insights of people with unique backgrounds, cultures, styles, and abilities
  • Maintain confidentiality of sensitive information and communications of information
  • Develop productive working relationships with all team members including internal clients and external third parties
  • Demonstrated high level of ethics and integrity with a straightforward and honest approach
Technical/Educational Requirements:
  • Undergraduate degree is required. MBA, CFA or equivalent experience and training preferred
  • Demonstrated advanced financial modeling and Excel skills required
  • Demonstrated ability to use and learn new technology (e.g., computers/hardware, mobile, software, cloud-based programs)
  • Proficiency with computers, keyboards, monitors and telephone headsets.
  • Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point) and Document Management Systems

Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details - and to learn more about how we value our employees.

Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.

  • SVP, Head of Underwriting

    10 hours ago

    Boston, United States Berkshire Residential Investments Full time

    Company Overview Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you’re...

  • SVP, Head of Underwriting

    2 days ago

    Boston, United States Berkshire Residential Investments Full time

    Company Overview Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you're...

  • Lead Property Underwriter

    4 weeks ago

    Boston, Massachusetts, United States Everest Re Group Full time

    Title:Senior Underwriter - Wholesale PropertyCompany: Everest Insurance CompanyJob Category:UnderwritingJob Overview:At Everest Group, Ltd., we are on an exciting trajectory of growth and innovation. As a premier global reinsurance and insurance provider with nearly five decades of experience, we operate through various subsidiaries across multiple regions...

  • SVP, Head of Liquid Alternatives

    7 days ago

    Boston, United States Fidelity TalentSource LLC Full time

    Job Description:ICG is the institutional distribution arm of Fidelity s Asset Management business with responsibility for managing the investment relationships with Fortune 500 and large public sector clients.\u00A0 We are looking for an experienced financial services professional who has experience in the liquid alternatives industry.\u00A0 The ideal...

  • Senior Property Underwriter

    4 weeks ago

    Boston, Massachusetts, United States Everest Re Group Full time

    Title:Senior Underwriter - Wholesale PropertyCompany:Everest Insurance CompanyJob Category:UnderwritingJob Overview:At Everest Group, Ltd., we are navigating an exciting phase of growth and opportunity. As a prominent global provider of reinsurance and insurance solutions, we have been operational for nearly five decades, with a presence in various regions...

  • Lead Underwriting Counsel

    2 hours ago

    Boston, New York, United States American International Group Full time

    Job Title: Lead Underwriting CounselWe are seeking an experienced attorney to join our Product Underwriting Legal team as Lead Underwriting Counsel in the Global Legal, Compliance and Regulatory (GLCR) department at American International Group (AIG).About the Role:The Product Underwriting Legal team is comprised of attorneys and other para-professionals...

  • Senior Property Underwriter

    4 weeks ago

    Boston, Massachusetts, United States Everest Re Group Full time

    Position:Senior Underwriter - Wholesale PropertyCompany:Everest Insurance CompanyJob Category:UnderwritingJob Overview:At Everest Group, Ltd., we are at a pivotal moment in our journey, with ample opportunities to broaden our reach and enhance our capabilities in key markets. As a prominent global reinsurance and insurance provider with nearly 50 years of...

  • Underwriting Associate

    3 days ago

    Boston, Massachusetts, United States Blue Cross Blue Shield of Massachusetts Full time

    Job SummaryWe are seeking a highly skilled Underwriting Associate to join our team at Blue Cross Blue Shield of Massachusetts. As an Underwriting Associate, you will play a critical role in the profitability of our assigned book of business, consisting of a minimum of approximately 250 accounts in the 51-99 market segment.Key ResponsibilitiesAccurately and...

  • Underwriting Associate

    1 week ago

    Boston, Massachusetts, United States Blue Cross Blue Shield of Massachusetts Full time

    Job SummaryWe are seeking a highly skilled Underwriting Associate to join our team at Blue Cross Blue Shield of Massachusetts. As an Underwriting Associate, you will play a critical role in the profitability of our assigned book of business, analyzing and pricing prospect business, and assisting on project work to improve underwriting operations.Key...

  • Underwriting Associate

    3 days ago

    Boston, Massachusetts, United States Blue Cross Blue Shield of Massachusetts Full time

    Job SummaryWe are seeking a highly skilled Underwriting Associate to join our team at Blue Cross Blue Shield of Massachusetts. As an Underwriting Associate, you will play a critical role in the profitability of our assigned book of business, consisting of a minimum of approximately 250 accounts in the 51-99 market segment.Key ResponsibilitiesAccurately and...

  • Head of Customer Success Operations

    3 weeks ago

    Boston, United States Hirebridge Full time

    Head of CS Operations (Director Level) About the role As a leader within the Go-To-Market (GTM) Operations team, you will lead a team of analysts that support Strategic Planning, Program Execution, Core Systems, and Insights/Analytics for our Customer Success Managers, Service Delivery, and Customer Support teams. Reporting to our SVP, Business Operations,...

  • Head of Customer Success Operations

    2 months ago

    Boston, United States Hirebridge Full time

    Head of CS Operations (Director Level) About the role As a leader within the Go-To-Market (GTM) Operations team, you will lead a team of analysts that support Strategic Planning, Program Execution, Core Systems, and Insights/Analytics for our Customer Success Managers, Service Delivery, and Customer Support teams. Reporting to our SVP, Business Operations,...

  • Head of Customer Success Operations

    2 months ago

    Boston, United States Hirebridge Full time

    Head of CS Operations (Director Level) About the role As a leader within the Go-To-Market (GTM) Operations team, you will lead a team of analysts that support Strategic Planning, Program Execution, Core Systems, and Insights/Analytics for our Customer Success Managers, Service Delivery, and Customer Support teams. Reporting to our SVP, Business Operations,...

  • Underwriting Associate

    2 weeks ago

    Boston, Massachusetts, United States Blue Cross Blue Shield of Massachusetts Full time

    About the RoleWe are seeking a highly skilled Underwriting Associate to join our team at Blue Cross Blue Shield of Massachusetts. As an Underwriting Associate, you will play a critical role in the profitability of our assigned book of business, consisting of a minimum of approximately 250 accounts in the 51-99 market segment.Key ResponsibilitiesAccurately...

  • Small Business Underwriting Leader

    4 months ago

    Boston, United States Berkshire Hathaway Specialty Insurance Full time

    Job DescriptionJob DescriptionWho are we? A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty, and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our...

  • Head of Customer Success Operations

    1 month ago

    Boston, United States Quickbase Full time

    At Quickbase, we’re on a mission to end a universal problem: Gray Work. The ad-hoc, manual work we do looking for documents, resources, etc. when technology isn’t working for us—that’s Gray Work, and it negatively impacts productivity, employee well-being and a company’s bottom line. Quickbase’s platform for Dynamic Work Management (the first...

  • Head of Customer Success Operations

    1 month ago

    Boston, United States Quickbase Full time

    At Quickbase, we’re on a mission to end a universal problem: Gray Work. The ad-hoc, manual work we do looking for documents, resources, etc. when technology isn’t working for us—that’s Gray Work, and it negatively impacts productivity, employee well-being and a company’s bottom line. Quickbase’s platform for Dynamic Work Management (the first...

  • Head of Commercial Mortgage

    4 days ago

    Boston, United States MassMutual Full time

    Job DescriptionMassMutual is growing and with the evolution of the real estate markets, our real estate debt and equity investment portfolios continue to become more complex and more diverse in sourcing, management and exposures. The Head of Commercial Mortgage Loans will be responsible for developing investment strategies and overseeing the execution of...

  • Senior Director, Head of Drug Substance

    3 months ago

    Boston, United States Astria Therapeutics, Inc. Full time

    Title: Senior Director, Head of Drug Substance Position Overview:Astria Therapeutics is dedicated to bringing hope with life-changing therapies to patients and families affected by allergic and immunological diseases. Astria’s pipeline includes our lead program, STAR-0215, a monoclonal antibody inhibitor of plasma kallikrein in clinical development for the...

  • Senior Director, Head of Drug Substance

    4 weeks ago

    boston, United States Astria Therapeutics, Inc. Full time

    Title: Senior Director, Head of Drug Substance Position Overview:Astria Therapeutics is dedicated to bringing hope with life-changing therapies to patients and families affected by allergic and immunological diseases. Astria’s pipeline includes our lead program, STAR-0215, a monoclonal antibody inhibitor of plasma kallikrein in clinical development for the...