Associate Underwriter

Summary: 

Assist the Underwriting Team with credit, market, and underwriting analysis of multifamily loans.  

Major Responsibilities: 

• Input property level profit and loss statements and project rent rolls for reconciliation and analysis. 

• Learn Agency program rules and industry standards to develop underwritten pro-forma projections of net cash flow for multifamily assets.  

• Order and critically analyze third party appraisals, property condition reports, phase I environmental reports, and seismic risk assessment reports for Agency program compliance.  

• Complete market analysis to determine trends in income, demographics, rents and occupancy levels.  

• Develop understanding of Fannie Mae and Freddie Mac multifamily standards and processes.  

• Assist Underwriter with preparation of Fannie Mae loan committee packages and Freddie Mac underwriting submissions. 

• Assist the Underwriting Team in the preparation of all deliverables in connection with loan closings. 

• Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral.  Ability to travel is required. 

• Additional ad hoc financial analysis as required.  

• Interface with Underwriting staff, Production staff, and external parties in a professional manner. 

• Other duties or special assignments as assigned.  

Minimum Requirements: 

(experience, education, ksa)  

• Minimum 2 years of experience in finance or real estate preferred. 

• Prior experience in a professional work environment is a plus.   

• Bachelor’s degree in business or finance is required.  

• Strong proficiency with Microsoft Office suite (Word and Excel).  

• Ability to operate effectively in a team environment and collaborate well with multiple parties.  

• Ability to problem solve, exercise a high degree of accuracy and complete multiple tasks on schedule.  

• Excellent written and verbal communication skills. 

• Analytical and quantitative reasoning skills.