Principal Duties:
ESSENTIAL FUNCTIONS include the following. Other duties may be assigned.
- The Credit Underwriter’s key responsibility is to assess risk in the borrower’s business strategy/experience and their real estate projects/investments.
- Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy.
- Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment likelihood/capacity.
- Conduct market analyses and review real estate appraisals.
- Works with Loan Officers and Relationship Managers to obtain all required due diligence items.
- Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff.
- Present credit memorandums to Credit Management for review and approval.
- Analyzes legal documentation such as corporate entity documents to understand borrower structure and works with Compliance for AML/KYC. Loan documents may also need to be reviewed.
Education and Experience
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Must have bachelor’s degree.
- Minimum 3+ years in Commercial Real Estate banking or private real estate lending, in the form of underwriting, credit analysis or related experience.
- Experience in construction lending is a plus.
- Knowledge of complex real estate lending and loan structuring.
- Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation.
- Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis.
- Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
- Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications for pipeline management.
Knowledge, Skills, and Abilities
- Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective.
- Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation Ability to identify potential credit issues and appropriately escalate to management.
- Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines
- Ability to identify potential credit issues and appropriately escalate to management.
- Adapts to change in priorities and/or processes easily in a fast-paced work environment.
- Excellent interpersonal, negotiation, presentation, oral, and written communication skills.