Underwriter (Commercial Real Estate)

Dollar Bank; Pittsburgh (Allegheny County); Hybrid; USD 75,000 - 110,000; Full time

Job summary

Dollar Bank seeks a Commercial Real Estate Underwriter to analyze and underwrite new and existing CRE loans, assess repayment capacity, and prepare comprehensive credit proposals for lenders and senior management.

In this hybrid role based in the Pittsburgh area, you will monitor borrower performance, produce monthly credit and portfolio reports, and support risk management activities consistent with bank policy and regulatory requirements.

Qualifications

• Bachelor’s degree required; professional experience may substitute for education.
• Three years of CRE loan analysis/underwriting experience required.
• Strong written and oral communication skills to support loan presentations.
• Ability to manage multiple projects with limited supervision.
• PA Real Estate License a plus.

Responsibilities

• Underwrite new and existing CRE loans to assess financial condition and risks.
• Analyze real estate cash flows, global cash flows, and personal financial statements.
• Review loan documents and prepare written loan presentations for lenders and management.
• Ensure underwriting complies with credit policy and banking regulations.
• Research market trends to inform risk assessment for CRE portfolios.
• Assist lenders in drafting letters of application and prepare monthly reports.
• Contribute to portfolio analysis and other assignments as requested.

Skills

Analytical thinking

Credit analysis

Communication skills

Financial statement analysis

Underwriting experience

Education

Bachelor's degree (required)

Degree in accounting, finance, or economics strongly preferred

Tools

Real estate software

Job description

Dollar Bank is hiring for a Commercial Real Estate Underwriter. In this role, you will be primarily responsible for analyzing and preparing credit proposals for new and existing commercial real estate relationships. This will also include monitoring the borrower’s financial performance to assist in the risk rating process. In addition, you will assist in the preparation of monthly reports and perform ongoing portfolio analysis.

This position is hybrid, requiring in office hours.

Qualifications:

• Bachelor’s degree required.

Will consider professional experience in lieu of education.

Degree in accounting, finance, or economics strongly preferred.

• Three (3) years of experience in analysis/underwriting of commercial real estate loans/transactions required.
• Excellent oral and written communication skills in addition to strong analytical, problem solving and organizational skills.
• Ability to work on multiple projects simultaneously, independently and achieve required objectives with limited supervision.
• Experience with real estate software a plus.
• Experience in an appraisal related field a plus.
• PA Real Estate License a plus.Principal Activities and Duties:
• Perform underwriting of new and existing commercial real estate loans to assess the financial condition, repayment capacity and risks associated with the transaction. To include analysis of real estate cash flow, global cash flows, personal cash flow and personal financial statements.
• Review and analyze loan documents, leases, sales agreements, appraisals and other related materials. Effectively communicate results of the underwriting in a written loan presentation for review by lenders and senior management.
• Assure all analysis and underwriting conforms to credit policy, banking regulations and commercial real estate underwriting policies.
• Research data to obtain information regarding current and projected status of certain industries, borrowers and market trends to assist in determining its impact on both the real estate and banking industry.
• Assist the lenders in the drafting/preparation of application letters.
• Prepare monthly credit and portfolio loan reports.
• Perform additional assignments as requested.
• All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing, and monitoring the risk they encounter daily as required by Dollar Bank’s risk management program.

Compliance with regulatory laws and company procedures is a required component of all position descriptions.