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Job Description for CRE Underwriter Job DescriptionA Commercial Real Estate (CRE) Underwriter plays a crucial role by underwriting at an advanced level of complexity for commercial portfolios. Provide guidance to structuring, servicing, and analysis for both new and renewal credits. The underwriter identifies, gathers, and reviews financial information to determine borrower risk ratings and appropriate loan structuring. Assess and communicate risks to assist department risk mitigation strategies. Products include lines of credit, term loans, real estate loans, and syndicated loans.Key ResponsibilitiesUnderwriting: Underwrites commercial credit actions according to applicable regulations, procedures, and guidelinesReviews financial statements, communicates with clients or prospects, and performs analysis to recommend borrower risk ratings and appropriate loan structuringEnsures all involved parties are updated on underwriting progress and outcomeAnalysis: Conduct thorough due diligence, including reviewing financial statements, property appraisals, rent rolls, and market studiesUtilize various financial models and software to assess cash flow, debt service coverage ratios, loan-to-value ratios, and other key financial metricsConduct cash flow analysis, sensitivity testing, and calculate DSCR/LTV/Debt YieldSources, compiles, and interprets financial data to support structuring and approval of loansReviews industry information and comparisons, key risks and mitigants, and collateral to form a general business overview of the borrowerUtilizes results of analysis to underwrite commercial loansValuation: Well versed in real estate valuation methods like Gross rent multiplier (GRM), Value per door and Cost per rentable square footRisk Management: Evaluate borrower financials, guarantor liquidity, lease terms, and market conditions using third-party reports (appraisals, environmental assessments)Identifies risks through reviews, analysis, and research of new and existing commercial credit requests and relationshipsWorks closely with Bank associates and partners to resolve risk issues, communicating review schedule and potential changes in the commercial portfolioAssists in coordinating review and renewal schedules for existing credits, facilitating ongoing risk identification and managementDocumentation and Compliance: Analyse loan agreements, covenants, and securitization documents for CMBS deals to ensure compliance. Prepare detailed credit memos and underwriting reports that summarize findings and provide recommendations for credit approval or denial. Ensure compliance with internal policies, regulatory guidelines, and industry standards throughout the underwriting process. Collaborate with legal and compliance teams to ensure all required documentation is complete, accurate, and properly filed.Client Interaction and Relationship Management: Work closely with loan officers, brokers, and clients to gather necessary information and clarify concerns during the underwriting process. Provide exceptional customer service by maintaining clear and effective communication with all stakeholders. Build and maintain strong relationships with clients, industry professionals, and internal teams to facilitate smooth transactions.Qualification: Bachelor/master’s degree in commerce, Finance & AccountingMinimum 2 to 4 years of relevant experience in CRE underwriting