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National Cooperative Bank

CRE Underwriter

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What they do

An Insurance Underwriter evaluates and measures risk and advises businesses in insurance, banking and securities. Recommends customers to be approved for insurance coverage, and develops policies and premium levels. Reviews loan applications, evaluates credit-worthiness of loan applicants and analyzes the investment risk of a loan for the bank. Evaluates risk in different types of securities and advises clients on investments that will yield highest profits.

$78,788 / year median in Virginia

-7% projected decline

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Job Description

CRE Underwriter VA Office The primary role of the CRE Underwriter position is to support business development officers in the underwriting process for current and prospective Commercial Real Estate, HOA, and Co-op lending transactions. 1. 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. 80% 2. 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. 10% 3.
Special Projects/Other:
Assist in completing annual reviews of the commercial portfolio. Perform other duties as assigned 10%
Education:
BA/BS in finance, real estate finance, or related field.
Minimum Qualifications Include:
A. 3-5 years of commercial real estate and finance B. Proficiency in business writing skills and strong communication skills. C. Attention to detail and analytically minded. D. Proficient computer skills (Excel skills are a must)
Work Environment:
Hybrid - Employees will work from both remote and onsite locations. Employees must live within a reasonable commuting distance of the office and are required to be onsite at least two (2) days per week, specifically on Tuesdays and Wednesdays. Certain positions or business needs may require additional in-office days. AA/EOE Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.