Senior CRE Underwriter: Lead Risk & Deal Strategy

U.S. Bank; New York (NY); On-site; USD 148,000 - 175,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

Paid holidays

Parental leave

Disability insurance

Adoption assistance

Job summary

U.S. Bank is seeking an experienced Commercial Real Estate Senior Underwriter to manage portfolio risk, guide credit structure, and support underwriting, credit approval, and loan administration.

The role emphasizes thorough analysis of borrower finances, property cash flows, and market conditions, with responsibility for timely, well-documented credit decisions. Responsibilities include underwriting new originations, assisting with portfolio reviews, and coordinating with Credit and Loan

Qualifications

• Master's degree or equivalent work experience.
• Ten or more years of commercial lending experience.
• Strong CRE underwriting across multiple property types.
• Experience authoring credit memoranda and presenting risks to approval committees.
• Strong analytical and technical writing skills; translate diligence into clear credit narratives.
• Strong verbal and written communication and collaboration across teams.
• Familiarity with banking credit policy and CRE underwriting processes.
• Advanced proficiency in Excel cash flow modeling.

Responsibilities

• Underwrite new originations and portfolio exposures for wide CRE asset classes.
• Analyze borrower financials, property cash flows, collateral valuation, sponsor strength, covenants.
• Prepare clear, comprehensive written credit analyses and supporting docs.
• Assist with annual company-wide credit reviews for clients with multiple properties.
• Support ground-up construction, refinancings, and budget monitoring through project completion.
• Assist with originations and evaluating opportunities up to high transaction sizes.
• Prepare term sheets and participate in negotiations where applicable.
• Collaborate with Credit Approvers and risk partners; participate in client meetings as needed.

Skills

CRE underwriting

Credit memos

Analytical writing

Verbal & written comms

Independent work

Excel modeling

Education

Master's degree or equivalent experience

Tools

Excel

nCino

CoStar

Job description

U.S. Bank is seeking an experienced Commercial Real Estate Senior Underwriter to manage portfolio risk, guide credit structure, and support underwriting, credit approval, and loan administration.

The role emphasizes thorough analysis of borrower finances, property cash flows, and market conditions, with responsibility for timely, well-documented credit decisions. Responsibilities include underwriting new originations, assisting with portfolio reviews, and coordinating with Credit and Loan