Associate Underwriter

BWE; Irvine (CA); On-site; USD 65,000 - 80,000; Full time

Job summary

BWE in Irvine, CA seeks an Underwriting Assistant to support the underwriting team with credit, market and underwriting analysis of multi-family loans. You will input property level P&L statements and rent rolls for reconciliation and analysis, and learn Agency program rules to develop pro-forma projections.

The role includes reviewing third party appraisals and reports, conducting market analysis on income and occupancy trends, and supporting loan committee submissions and closings.

Qualifications

• Bachelor’s degree in business or finance is required.
• Minimum 2 years of experience in finance or real estate.
• Proficiency with Microsoft Office (Word and Excel).
• Ability to work in a team and collaborate with multiple parties.
• Strong problem solving and accuracy; able to manage multiple tasks.
• Excellent written and verbal communication skills.

Responsibilities

• Input property level P&L statements and rent rolls for reconciliation and analysis.
• Develop underwritten pro-forma projections for net cash flow for multi-family assets using agency program rules.
• Order and analyze third party appraisals, property condition reports, and Phase I environmental and seismic reports.
• Complete market analysis on income, demographics, rents, and occupancy trends.
• Develop understanding of Fannie Mae and Freddie Mac multi-family standards and processes.
• Assist underwriter with loan committee narratives and Freddie Mac submissions.
• Prepare deliverables for loan closings.
• Complete project site inspections to assess quality and collateral position.
• Interface with underwriting, production, and external parties professionally.
• Other duties or special assignments as assigned.

Skills

Team collaboration

Attention to detail

Problem solving

Communication skills

Time management

Education

Bachelor’s degree in business or finance

Tools

Microsoft Excel

Microsoft Word

Job description

Summary:Assist the Underwriting Team with credit, market, and underwriting analysis of multi-family loans.Major Responsibilities:Input property level profit and loss statements and project rent rolls for reconciliation and analysis.Learn Agency program rules and industry standards to develop underwritten pro-forma projections for net cash flow for multi-family assets.Order and critically analyze third party appraisals, property conduction reports, and phase I environmental and seismic for Agency program compliance.Complete market analysis to determine trends in income, demographics, rents and occupancy levels.Develop understanding of Fannie Mae and Freddie Mac multi-family standards and processes.Assist Underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions.Assist Underwriting Team in the preparation of all deliverables in connection with loan closings.Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral.Additional ad hoc financial analysis as required.Interface with Underwriting staff, Production staff, and external parties in a professional manner.Other duties or special assignments as assigned.Minimum Requirements:Minimum 2 years of experience in finance or real estate preferred.Prior experience in a professional work environment is a plus.Bachelor’s degree in business or finance is required.Strong proficiency with of Microsoft Office suite (Word and Excel).Ability to operate effectively in a team environment and collaborate well with multiple parties.Ability to problem solve, exercise a high degree of accuracy and complete multiple tasks on schedule.Excellent written and verbal communication skills.This position is eligible to earn a base salary in the range of $65K-$80K annually depending on job-related factors such as level of experience and geographic location. This position is also eligible for an annual discretionary bonus.We encourage you to explore the career opportunities we have available here at BWE!Please note, BWE will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basis.