Assistant Vice President & CRE Loan Officer

Ridgewood Savings Bank; Uniondale (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

Ridgewood Savings Bank in Uniondale, NY seeks an Officer to originate and manage commercial real estate loans across multifamily, office, retail and industrial sectors in the NY metro area.

The role requires strong analytical, negotiating and sales abilities, with the capacity to work independently and build borrower relationships that support annual loan origination targets.

Qualifications

• Minimum of five (5) years experience in commercial real estate loan origination preferred.
• Underwriting experience helpful.
• Demonstrated knowledge of the local commercial real estate market and underwriting practices.
• Undergraduate, four-year college degree preferred.
• Excellent mathematical and analytical skills. Strong negotiation and sales related skills.
• Detail and goal-oriented; able to work independently.

Responsibilities

• Solicit commercial real estate loan submissions secured by multifamily, mixed-use, retail and office properties to meet annual targets.
• Analyze, negotiate and structure new CRE loan submissions for management/Board approval.
• Perform collateral inspections for all new loan applications.
• Develop and maintain relationships with borrowers, brokers, attorneys, agents, developers, accountants, etc.
• Coordinate with underwriters and processors to ensure timely flow from application to closing.
• Assist portfolio management to ensure conformity with loan terms and banking approvals.
• Assist mortgage servicing and portfolio management with delinquent or REO loans as needed.
• Provide guidance to department personnel.
• Stay informed of CRE market trends and regulatory changes.
• Other related duties as assigned.

Skills

Commercial real estate origination

Underwriting

Negotiation

Analytical skills

Sales skills

Independent work

Education

Bachelor's degree preferred

Job description

Job Category: Officer

Requisition Number: ASSIS002763

• Full-Time

Locations

Showing 1 location

Uniondale, NY 11553, USA

Description

The estimated salary for this position is $120,000-$150,000/Annually. Actual compensation is based on experience, skills, and qualifications.

Job Specifications

• Minimum of five (5) years experience in commercial real estate loan origination preferred.
• Underwriting experience helpful
• Demonstrated ability to source, structure and originate multifamily as well as non-multifamily real estate loans (office, retail, industrial, etc.) in the NY Metropolitan area including the NYC 5 Boroughs, Nassau, Suffolk, Westchester, Rockland, Northern NJ and Fairfield County Connecticut counties
• Experience originating construction loans, C&I loans, Owner Occupied CRE and SBA loans a plus
• Demonstrated knowledge of the local commercial real estate market as well as overall commercial real estate underwriting practices and requirements
• Undergraduate, four-year college degree preferred.
• Excellent mathematical and analytical skills. Strong negotiation and sales related skills
• Detail and goal-oriented individual, with excellent organizational skills and the ability to work independently.

Duties and Responsibilities/Results

• Solicit commercial real estate loan submissions secured by multifamily, mixed-use, retail and office properties in order to meet annual established commercial real estate loan origination targets
• Analyze, negotiate and structure new commercial real estate loan submissions for management and or Board of Trustee approval.
• Perform collateral inspections for all new loan applications.
• Develop and maintain relationships with outside business contacts including existing and potential borrowers, mortgage brokers, attorneys, real estate agents, real estate developers, accountants, etc.
• Work closely with Commercial Loan Underwriters and Commercial Loan Processors to ensure timely flow of assigned loans from application through closing and assist in resolving any issues as they arise.
• Assist the Bank's portfolio management area to ensure complete conformity with the terms and conditions of the Bank approval and loan documents as needed.
• Assist the Bank's mortgage servicing and portfolio management areas as needed with regard to delinquent loans, non-performing loans and Real Estate Owned as needed.
• Provide advice and guidance to Department personnel.
• Keep informed of trends and developments in the real estate market, as well as the changing rules and regulations pertaining to commercial real estate lending.
• Such other related duties as may be assigned from time to time.

Equal Opportunity Employer
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