Underwriting Associate - Commercial Real Estate

Fifth Third Bank; Chicago (IL); On-site; USD 82,000 - 173,000; Full time

Job summary

Underwriting Associate - Commercial Real Estate role at Fifth Third Bank in the United States involves detailed due diligence, building financial projections, and preparing underwriting memorandums. You will work with deal teams and risk partners to identify credit risks and ensure adherence to policies.

The position emphasizes strong communication, analytical thinking, and mentorship of junior analysts, with a base salary range and incentive opportunities as part of total rewards.

Qualifications

• Bachelor’s degree in Finance, Business Administration or a related field.
• Minimum of 3 years of experience in underwriting, credit, or originations, preferably in the banking or investment banking industry.
• Demonstrate solid credit agreement and underwriting skills.
• Attention to detail and excellent verbal and written communication skills.
• Analytical capability, critical thinking, and problem-solving skills.
• Strong work ethic; comfortable working in a fast-paced environment.
• Proficiency in Microsoft Excel; strong working knowledge of Word, Outlook, and related applications.

Responsibilities

• Perform detailed due diligence on companies, industries, management teams, and other relevant information.
• Build detailed financial projection models to analyze capital structures, performance trends, and credit metrics.
• Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historical analysis, base and downside case projection assumptions/rationale and terms and conditions.
• Establish strong working partnerships and routines with key internal partners including other Underwriters, Debt Capital Markets, and Credit Risk.
• Manage multiple transactions/projects
• Communicate effectively with deal team members on status and prioritization under the direction of senior underwriters.
• Demonstrate knowledge of relevant credit policies and procedures and accurately identify policy exceptions.
• Excel in both team and self-directed settings.
• Train and develop Credit Analysts, including reviewing their work product and offering feedback and coaching on credit memos and financial modeling.
• Maintain thorough knowledge of credit policies, procedures, and terminology.

Skills

Credit underwriting

Attention to detail

Communication skills

Analytical thinking

Problem solving

Excel proficiency

Education

Bachelor’s degree in Finance, Business Administration or a related field

Tools

Microsoft Excel

Microsoft Word

Microsoft Outlook

Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION:

The ideal candidate will havea solidcredit agreement and underwriting skills, and the ability toidentifykey credit risks.This position is client-facing, requiring the individual toassistin diligence callsin support of deal teamsand support the negotiation of credit agreements.Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies andprocedures as defined. Accountable for always doing the right thing for customers andcolleagues andensures that actions and behaviorsdrive a positive customer experience. Whileoperatingwithin the Bank’s risk appetite,achievesresults by consistentlyidentifying, assessing,managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform detailed due diligence on companies, industries, management teams, and other relevant information.

• Build detailed financial projection models to analyze capital structures, performancetrends,and credit metrics.

• Prepare succinct underwriting memorandums, including company and industry descriptions, key credit risks, historicalanalysis, base and downside case projection assumptions/rationale and terms and conditions.

• Establish strong working partnerships and routines with key internal partners includingother Underwriters,Debt Capital Markets,andCredit Risk,

• Manage multiple transactions/projects

• Communicate effectivelywith dealteam members on status and prioritizationunderthe directionof senior underwriters.

• Demonstrate knowledge of relevant credit policies and procedures and accurately identify policy exceptions.

• Excel in both team and self-directed settings.

• Train and develop Credit Analysts,includingreviewing theirworkproductandofferingfeedbackand coachingon credit memos and financialmodeling.

• Maintain thorough knowledge of credit policies, procedures, and terminology.

SUPERVISORY RESPONSIBILITY:

None

MINIMUM KNOWLEDGE,SKILLSAND ABILITIES REQUIRED:

• Bachelor’s degree in Finance, Business Administration ora relatedfield.

• Minimumof3yearsof experience in underwriting, credit, or originations, preferably in the banking or investment bankingindustry.

• Demonstrate solid creditagreementand underwriting skills.

• Attention to detail and excellent verbal and written communication skills.

• Analytical capability, critical thinking, and problem-solving skills.

• Strong work ethic; comfortable working in a fast-paced environment.

• Proficiencyin Microsoft Excel; strong working knowledge of Word, Outlook, and related applications.

Underwriting Associate - Commercial Real Estate

Total Base Pay Range 82,100.00 - 172,500.00 USD Annual

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.

LOCATION - Charlotte, North Carolina 28202

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.