Senior Underwriter

Berkadia Commercial Mortgage LLC; Philadelphia (Philadelphia County); Remote; USD 70,000 - 110,000; Full time

Job summary

An established industry player in commercial real estate is seeking a Senior Underwriter for their Proprietary Lending Program. In this pivotal role, you will analyze and underwrite complex loan applications, ensuring that potential borrowers meet the necessary criteria. Your expertise in credit judgment and decision-making will be crucial as you present recommendations to approval committees. This innovative firm values flexibility and a sense of belonging, offering a supportive culture where your contributions matter. If you are ready to take your career to the next level and make a significant impact in the commercial real estate sector, this opportunity is for you.

Benefits

Paid Volunteer Hours

Donation Matching

Fertility Services

Paid Parental Leave

Mental Health Care

Tuition Reimbursement

Qualifications

• 5-7+ years of experience in underwriting complex transactions.
• Ability to thrive in a fast-paced environment and meet deadlines.

Responsibilities

• Analyze and underwrite complex commercial real estate loan applications.
• Prepare underwriting narratives and cash flow estimates for transactions.

Skills

Credit Judgment

Decision-Making Skills

Underwriting Expertise

Communication Skills

Time Management

Education

Bachelor's Degree

Tools

MS Office Suite

Job description

Are you looking for an opportunity to define your future in the commercial real estate industry based on your own unique skills and experience?

Whether your talents lie in marketing, operations, finance, human resources, management, or something different altogether, you'll find flexibility and a sense of belonging at Berkadia. We're committed to a culture that strives for excellence - a place where your contributions are valued, you are empowered to create positive impact, and you can grow your career. Be Your Best Self. Be Berkadia.

The Senior Underwriter for the Proprietary Lending Program (PLG) is responsible for analyzing and underwriting complex commercial real estate loan applications across various multifamily and seniors asset types. The primary duty is to assess whether the transaction and potential borrower present an acceptable level of risk.

We Innovate to shape the future of CRE, so in this role you will :

• Critically review borrower credit information, third-party reports, and property financial and physical data to assess whether the borrower and property meet program requirements.
• Prepare underwriting narratives and independent cash flow value estimates for large, complex transactions, including multifamily and seniors bridge and construction loans.
• Present recommendations and key documentation (term sheets, applications, credit memos, etc.) to the appropriate approval committee, detailing the transaction's strengths and weaknesses, discussing risks and mitigants and describing sponsorship experience and creditworthiness.
• Maintain consistent communication with the company's mortgage banking network and manage borrower clients through the approval and closing process.
• Collaborate with loan officers, loan closers, and legal counsel to facilitate loan requests through approval and ensure alignment with the major credit terms of the transaction.
• Conduct site inspections to evaluate the market competitiveness of proposed collateral and determine the economic feasibility of projected income streams.
• Participate in customer meetings and conference calls.
• Cross-train on the company's various products and exit strategies to enhance the ability to underwrite diverse deal types.
• Other duties as assigned.

We are passionate about your growth, so to achieve success in this role you should have :

• Exhibit exceptional credit judgment and decision-making skills, with proven technical expertise in underwriting, structuring, and closing complex transactions.
• Ability to thrive in a fast-paced environment and efficiently manage assignments to meet deadlines.
• Strong oral and written communication skills.
• Proficiency in the MS Office Suite.
• Bachelor's degree or equivalent.
• 5-7+ years of experience in a similar position.

We believe People Matter, so we offer benefits that go beyond :

• Monthly paid volunteer hours and donation matching to benefit our communities
• Employee Resource Groups that help you grow with us
• Fertility and family planning services
• Up to 12-weeks of fully paid parental leave
• Mental health care, including free counseling sessions :
• We'll help you fund your learning journey with generous tuition reimbursement
• And more!

LI-HF1 #LI-REMOTE

Berkadia, as an equal opportunity employer, celebrates our employees' unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [emailprotected] .

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about : EEOC, Employee Rights under the FMLA, EPPA.

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