CRE Underwriting Associate: Credit Risk & Deal Diligence

Fifth Third Bank; Chicago (IL); On-site; USD 82,000 - 173,000; Full time

Job summary

Underwriting Associate - Commercial Real Estate role at Fifth Third Bank in the United States involves detailed due diligence, building financial projections, and preparing underwriting memorandums. You will work with deal teams and risk partners to identify credit risks and ensure adherence to policies.

The position emphasizes strong communication, analytical thinking, and mentorship of junior analysts, with a base salary range and incentive opportunities as part of total rewards.

Qualifications

• Bachelor’s degree in Finance, Business Administration or a related field.
• Minimum of 3 years of experience in underwriting, credit, or originations, preferably in the banking or investment banking industry.
• Demonstrate solid credit agreement and underwriting skills.
• Attention to detail and excellent verbal and written communication skills.
• Analytical capability, critical thinking, and problem-solving skills.
• Strong work ethic; comfortable working in a fast-paced environment.
• Proficiency in Microsoft Excel; strong working knowledge of Word, Outlook, and related applications.

Responsibilities

• Perform detailed due diligence on companies, industries, management teams, and other relevant information.
• Build detailed financial projection models to analyze capital structures, performance trends, and credit metrics.
• Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Establish strong working partnerships and routines with key internal partners including other Underwriters, Debt Capital Markets, and Credit Risk.
• Manage multiple transactions/projects
• Communicate effectively with deal team members on status and prioritization under the direction of senior underwriters.
• Demonstrate knowledge of relevant credit policies and procedures and accurately identify policy exceptions.
• Excel in both team and self-directed settings.
• Train and develop Credit Analysts, including reviewing their work product and offering feedback and coaching on credit memos and financial modeling.
• Maintain thorough knowledge of credit policies, procedures, and terminology.

Skills

Credit underwriting

Attention to detail

Communication skills

Analytical thinking

Problem solving

Excel proficiency

Education

Bachelor’s degree in Finance, Business Administration or a related field

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

Underwriting Associate - Commercial Real Estate role at Fifth Third Bank in the United States involves detailed due diligence, building financial projections, and preparing underwriting memorandums. You will work with deal teams and risk partners to identify credit risks and ensure adherence to policies.

The position emphasizes strong communication, analytical thinking, and mentorship of junior analysts, with a base salary range and incentive opportunities as part of total rewards.