Underwriter, Healthcare IRE

Merchants Capital; Carmel (IN); On-site; USD 85,000 - 120,000; Full time

Benefits offered by this job

401(k) employer contributions

Employee stock ownership plan (ESOP)

Medical, dental and vision insurance

Paid time off / holidays / leaves

Health savings accounts (HSAs)

Job summary

Merchants Capital in Carmel, IN seeks a Healthcare Underwriter to analyze healthcare real estate loans, prepare recommendations, and assist in closing approved loans. The role focuses on healthcare real estate while supporting related loan products.

You will ensure efficient due diligence, accurate underwriting, and timely narratives for loan committee. Collaborating with underwriting, production, closing, and insurance teams, you will deliver high-quality underwriting deliverables in a

Qualifications

• Bachelor’s degree in business or finance preferred.
• Strong analytical skills with quick data evaluation.
• Excellent interpersonal and presentation abilities.
• Ability to develop practical solutions for complex transactions.

Responsibilities

• Input and analyze income and expense statements to determine maximum loan amounts.
• Conduct reviews of market areas, properties, and site characteristics.
• Complete review of borrower and management qualifications.
• Assist analysts in learning methodology for building proforma income & expenses.
• Assist analysts in learning healthcare underwriting requirements and lender updates.
• Conduct site visits to assess healthcare projects, operations, and market.
• Order and review third-party reports including appraisals, engineering, seismic, Phase I ES, and O&M plans.
• Maintain organized underwriting files and checklists.
• Craft narratives/final loan packages for committee review.
• Communicate with Underwriting, Production, Closing, and Insurance teams to resolve deal issues.
• Complete underwriting deliverables for closing and investor submission.

Skills

Microsoft Excel

Analytical skills

Interpersonal skills

Critical thinking

Multitasking

Ownership mindset

Education

Bachelor’s degree in business or finance

Tools

Pro forma analysis

Job description

Description

The Healthcare Underwriter plays a critical role in the underwriting of healthcare real estate loans. The Healthcare Underwriter will analyze proposed transactions, prepare formal recommendations, and assist in the closing and delivery of approved loans to necessary constituents. A candidate with the desire to learn and grow will have the opportunity to advance within the team and company overall. The position’s primary focus will be on healthcare real estate loans, but the responsibilities could also include working with other real estate-related loan products.

Expected Outcomes

• Efficient management of due diligence
• Review and analysis of third-party reports such as Appraisals, Property Condition Assessments, and Environmental Site Assessments
• Accurate underwriting of compiled financial data
• Application of critical thought toward risk identification and mitigation
• Responsible for timely completion of narrative for presentation to loan committee

Requirements

• Input and analyze income and expense statements to determine maximum loan amounts.
• Conduct reviews of market areas, properties, and site characteristics.
• Complete review of borrower and management qualifications.
• Assist analysts in learning methodology for building proforma income & expenses.
• Assist analysts in learning healthcare underwriting requirements along with reviewing any lender updates on an on-going basis.
• Conduct site visits to assess the condition and quality of healthcare projects, their operations, and the market.
• Order and complete review of third-party reports including appraisals, engineering, seismic, Phase I environmental assessments, and operations & maintenance (O&M) plans.
• Maintain organized and fully documented underwriting files and manage underwriting checklists.
• Responsible for crafting the narratives/final loan packages for committee review.
• Communicate closely with the Underwriting, Production, Closing, and Insurance teams, and others as appropriate to problem-solve deal issues.
• Responsible for completing underwriting deliverables as part of the closing and submission of the loan to the investor.

Expected Experience, Skills, and Education

• Bachelor’s degree in business or finance preferred.
• 3-5 years of experience within the real estate industry preferred.
• A high level of computer proficiency in Microsoft Office (Word and Excel).
• Demonstrated analytical skills with the ability to evaluate data quickly and take action to move transactions forward.
• Excellent interpersonal and presentation skills with strong work ethic to meet the daily challenges of a fast-paced environment.
• Demonstrated ability to develop and execute solutions to complex issues and transactions.
• Requires critical thinking skills and multitasking.
• Ability to show ownership of your work, take on challenges, and demonstrate patience.
• Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.

Our Benefits

• 401(k) employer contributions
• employee stock ownership plan (ESOP)
• medical, dental and vision insurance
• various types of leaves of absence, including paid time off, paid holidays, paid leave as provided under state and local paid leave laws, and short-term and long-term disability
• health savings accounts (HSAs), flexible spending accounts (FSAs), dependent care and commuter reimbursement accounts, employee and dependent life insurance and supplemental life and AD&D insurance
• telehealth, optional ancillary insurance policies, education assistance, and an employee assistance program
• Eligibility for benefits is governed by the applicable plan documents and policies.

ABOUT MERCHANTS CAPITAL

With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.