Real Estate Underwriter, Analyst Development Program

First Citizens Bank; Santa Monica (CA); On-site; USD 50,000 - 60,000; Full time

Job summary

First Citizens Bank’s Real Estate Finance Group is seeking an Underwriting Analyst for the Commercial Bank Analyst Development Program. The program blends formal classes, online coursework, and on-the-job training, including an 8-week on-site curriculum in New York City.

After completion, analysts join the Real Estate Finance Team to support credit underwriting and portfolio management of diverse CRE debt solutions across assets.

Qualifications

• Bachelor’s degree with CRE experience or GED with 4 years in Commercial Real Estate.
• Undergraduate degree or equivalent with CRE exposure as described in the requirements.

Responsibilities

• Underwrite commercial real estate loans including bridge, transitional and construction for multi-family, office, retail, industrial, and hotel properties.
• Collect, organize and interpret relevant market data.
• Review property and sponsor information – rent rolls, operating statements, balance sheets.
• Identify key transaction issues, risks and mitigants to those risks.
• Contribute to credit approval memos and submit for approval.
• Participate in meetings with Credit.
• Coordinate due diligence information collection.
• Participate and manage the transaction process among key stakeholders.
• Prepare term sheets; assist with legal documentation.
• Participate in the management of loans post origination, including risk ratings and classification.
• Monitor compliance with loan terms and performance of existing portfolio of loans.
• Prepare quarterly and annual reviews where necessary.
• Ensure compliance with all FCB policies and procedures.
• Firm understanding of FCB systems and resources

Skills

Partnerships and Collaboration

Communication (Written and Verbal)

Critical thinking skills

Education

Bachelor’s degree / GED with CRE experience

Job description

First Citizens Bank’s Real Estate Finance Group is seeking an Underwriting Analyst for the Commercial Bank Analyst Development Program. The program blends formal classes, online coursework, and on-the-job training, including an 8-week on-site curriculum in New York City.

After completion, analysts join the Real Estate Finance Team to support credit underwriting and portfolio management of diverse CRE debt solutions across assets.