AVP, CRE Senior Underwriter

Full Time

International Banking Client

Office Status: Hybrid

Responsibilities:

  • Primary responsibility is to write credit memos in support of the Bank making a structured CRE mortgage loan.
  • Support the marketing and origination functions of the CRE lending team by pre-screening transactions for appropriateness for the CRE credit and risk parameters. Request additional due diligence information to assess credit profile. Utilize analytical programs and CRE industry expertise in this function.
  • Pre-screen and commence the underwriting process by obtaining the necessary due diligence from sponsors and third parties, including market information, property information, borrowing entity and structure, occupancy, NOI, EBITDAR information, and personal and corporate financial statements. Prepare Credit Application (CAP).
  • Properly loan size and prepare comprehensive study of expected revenue stream versus debt service with focus on DSCR, Debt Yield, refinancing/ exit scenarios and sensitivities/ stress cases.
  • Develop financial models to best analyze transactions, stress scenarios, and projections.
  • Maintain awareness of portfolio performance and identify potential risks with specific loans, including through monitoring CRE news and other industry sources of information.
  • Review monitoring reports daily to identify and evaluate an appropriate action for upcoming maturities, including an amendment to the approved CAP, if necessary.
  • Primary responsible and accountable to review third party reports, address issues and challenge findings with vendors when appropriate, encourage third parties to deliver on time.
  • Maintain current knowledge of changes in regulatory environment.
  • Present the credit underwriting perspective at Credit Committee meetings along with the RM who makes the business rationale.
Upload your CV/resume or any other relevant file. Max. file size: 2 GB.

Share on
Print