Lead - Mortgages

Sun Life Financial; India; On-site; INR 8,679,000 - 13,500,000; Full time

Job summary

Sun Life Financial is seeking a skilled CRE Underwriter to support annual servicing, portfolio monitoring, and underwriting for Commercial Real Estate loans in the US and Canada. The role emphasizes reviewing complex collateral, rent rolls, operating statements, and loan documents, with emphasis on accurate financial analysis and risk assessment.

The ideal candidate holds a Master’s degree in Finance or related field, with 5–7 years of CRE underwriting experience and strong Excel skills.

Qualifications

• Master’s degree required in Finance, Economics, Real Estate, or related field.
• 5–7 years of CRE underwriting experience or related role.
• Strong analytical, quantitative, and problem-solving skills.

Responsibilities

• Perform annual reviews and underwriting support for Commercial Real Estate mortgage loans across property types.
• Conduct rent roll analysis, tenancy mix, and lease risk assessments.
• Analyze detailed property cash flows to evaluate NOI, DSCR, and LTV trends.
• Conduct credit risk assessments and portfolio monitoring, including loan performance analysis.
• Prepare annual review summaries, borrower write-ups, and underwriting recommendations for business partners.
• Review and abstract complex commercial leases and loan documents.
• Develop and maintain Excel-based underwriting templates using PivotTables, VLOOKUP/XLOOKUP, and data modeling.
• Identify process improvements and automation opportunities to improve efficiency and quality.
• Manage high volumes of work with accuracy and meet deadlines.

Skills

Financial analysis

Credit risk assessment

Underwriting

Education

Master’s degree in Finance or related field

5–7 years CRE underwriting experience

Tools

Excel

Job description

Job Description: Job Description:

Lead, Mortgages; Band – 5.1 Experience – 5 - 7 years Shift Timing – 12.00 PM to 8.30 PM

About the role To support Business Partners in the US and Canada with Commercial Real Estate (CRE) mortgage annual servicing, portfolio monitoring, credit review and underwriting. The role is responsible for reviewing complex CRE collateral, including rent rolls, operating statements, budgets, borrower/guarantor financials, lease abstracts and loan documents. The candidate will perform loan review analysis covering property performance, credit risk, rating implications, market positioning, borrower strength and loan-level monitoring. The role requires strong analytical judgement, attention to detail, and the ability to create efficient Excel-based templates and review tools that improve the annual loan review and underwriting process.

What will you do?

• Perform annual reviews and underwriting support for Commercial Real Estate mortgage loans across various property types.
• Conduct complex rent roll analysis including tenant mix, occupancy, reimbursement structures and lease risk.
• Analyze detailed property’s cash flow statements to assess NOI, DSCR, LTV, operating performance, expense trends, capital expenditures, recurring/non-recurring adjustments and year-over-year variances.
• Conduct credit risk assessments and portfolio monitoring, including loan performance analysis.
• Prepare concise annual review summaries, borrower write-ups and underwriting recommendations for Business Partner review.
• Review and abstract complex commercial leases, including base rent, escalations, recovery structure, renewal/termination options, and other special provisions / clauses.
• Prepare borrower and guarantor financial analysis, including liquidity, net worth, repayment capacity and sponsorship strength.
• Create, maintain and enhance Excel-based underwriting and annual review templates using Pivot Tables, VLOOKUP/XLOOKUP, data validation, formulas and financial modeling techniques.
• Identify opportunities for process improvements, automation and standardization to improve efficiency, consistency and quality.
• Manage high volumes of work while maintaining accuracy, quality and turnaround timelines.
• Develop strong working relationships with Business Partners and collaborate effectively with internal stakeholders.
• Foster a work environment that values participation, accountability, learning and continuous improvement.

Education, Required Skills and Competencies

• Master’s degree in Finance, Accounting, Economics, Real Estate, Commerce or a related field.
• 5–7 years of experience in Commercial Real Estate underwriting and related role.
• Strong understanding of Commercial Real Estate related concepts.
• Excel proficiency - ability to create, manipulate and interpret data/spreadsheets; comfortable working with formulas, vlookups, pivot tables and macros a plus.
• Ability to review, analyze and abstract complex commercial leases, amendments and loan documentation.
• Strong analytical, quantitative and problem-solving skills.
• Strong verbal and written communication skills
• Excellent attention to detail and commitment to quality.
• Ability to work independently with minimal supervision and collaborate effectively within a team environment.
• Strong project management and organizational skills with the ability to manage multiple priorities and deadlines.

Job Category: Asset Management Posting End Date: 07/10/2026

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