CRE Underwriter

National Cooperative Bank. N.A.; Arlington (VA); Hybrid; USD 85,000 - 125,000; Full time

Job summary

National Cooperative Bank. N.A. seeks a CRE Underwriter to support officers in underwriting commercial real estate, HOA, and Co-op lending transactions in the Arlington, VA area.

You will analyze credit quality, prepare financial models, and present recommendations to approve or decline requests, collaborating with loan origination and external partners. Hybrid work requires onsite presence two days per week.

Qualifications

• BA/BS in finance, real estate finance, or related field.
• 3-5 years of commercial real estate and finance experience.
• Proficiency in business writing skills and strong communication.
• Attention to detail and analytically minded.

Responsibilities

• Underwrite current and prospective CRE, HOA, and Co-op lending transactions and analyze credit quality.
• Prepare and review financial data, cash flow projections, and debt impact analyses.
• Support portfolio reviews and assist with annual reviews; stay abreast of market conditions.

Skills

CRE Finance

Analytical thinking

Excel proficiency

Written communication

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
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