Director Portfolio Manager - Commercial Real Estate

Webster Bank; New York (NY); On-site; USD 145,000 - 165,000; Full time

Job summary

An established industry player is seeking a CRE Underwriter/Director to lead credit analysis and underwriting for commercial real estate loans. This role offers a chance to work closely with senior management and clients, requiring strong analytical and financial modeling skills. The ideal candidate will thrive in a collaborative environment, mentoring junior team members while managing loan requests and ensuring compliance with bank policies. Join a forward-thinking organization that values integrity and excellence, and enjoy a rewarding career with opportunities for growth and development.

Qualifications

• 5+ years of experience with commercial real estate loans is recommended.
• Strong written and verbal communication skills are essential.

Responsibilities

• Underwrite commercial loans and conduct credit analysis within timelines.
• Prepare term sheets and commitment letters upon loan approval.

Skills

Financial Analysis

Mathematical Skills

Writing Skills

Organizational Skills

Analytical Thinking

Time Management

Communication Skills

Education

Bachelor's Degree

Advanced Degree (Associates, Masters)

Tools

Excel

Microsoft Word

Microsoft PowerPoint

Sage Works

Job description

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

Position Overview

The primary responsibility of the CRE underwriter / Director is to complete the credit analysis and underwriting of new commercial real estate loans. The role will require the individual to be comfortable with interacting directly with both senior managing directors / managing directors and clients. The role will require strong math, financial analysis, writing and organizational skills.

Responsibilities:

• Develop pre-read and formal deal screen memos for new lending opportunities with oversight from SMD/MD.
• Underwrite commercial loans within established timelines, to include application review, personal and business credit analysis, collateral analysis, and debt service analysis and related financial modeling.
• Decision loan requests in accordance with the bank’s loan policies and procedures, and directly engage with internal credit partners and external clients with oversight from MD/SMD.
• Limit risk through use of various credit enhancements where applicable with the assistance of SMD/Credit.
• Prepare term sheets and or commitment letters upon approval of loan request.
• Review draft loan documents for accuracy as compared to approvals.
• Assist all partners (closing, portfolio, deposit onboarding, middle office and portfolio management and operations) in the closing of commercial loans.
• Participate in projects that help improve and streamline the credit delivery process.
• Assist with credit review and audit preparation as required by the team and credit partners.
• Maintain organized credit files as loans transition from underwriting to portfolio management.
• Establish appropriate inputs and ticklers in Sage Works for all origination activity.
• Mentor and assist junior / analyst level underwriters within the team.

Education, Skills & Experience:

• Advanced degree - Associates, Bachelors, Masters, etc. (Bachelors)
• Strong written and verbal communication skills.
• Advanced proficiency with financial modeling, Excel, and Microsoft Word/PowerPoint.
• Analytical thinking, organization, and time management skills.
• Prior experience with commercial real estate loans 3-5 years (recommended)

The estimated salary range for this position is $145,000.00 to $165,000.00. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.