CRE Underwriter

National Cooperative Bank; Arlington (VA); Hybrid; USD 70,000 - 110,000; Full time

Job summary

National Cooperative Bank is seeking a CRE Underwriter to support underwriting for Commercial Real Estate, HOA, and Co-op loans. The role collaborates with loan origination and external deal partners to assess credit quality, prepare financial analyses, and present recommendations.

Strong writing and analytical skills are essential. The position is hybrid, requiring onsite presence and remote work; candidates should be within commuting distance of the Arlington VA area and willing to travel as

Qualifications

• 3-5 years of commercial real estate and finance.
• Proficiency in business writing skills and strong communication skills.
• Attention to detail and analytically minded.
• Proficient computer skills (Excel skills are a must)

Responsibilities

• Analyze and underwrite current and prospective Commercial Real Estate, HOA, and Co-op lending transactions.
• Provide portfolio and industry analysis; stay abreast of market conditions; maintain credit files and bank systems.
• Assist in annual reviews of the commercial portfolio and perform other duties as assigned.

Skills

Business writing

Strong communication

Attention to detail

Excel proficiency

Education

BA/BS in finance or real estate finance

Tools

Excel

Job description

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)

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

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.