Loan Underwriter

Meridian Capital Group - Commercial Real Estate Underwriter

Job Summary:

The Commercial Real Estate Underwriter will be responsible for evaluating and underwriting commercial real estate loan applications. This role involves analyzing financial statements, property appraisals, and market data to assess the creditworthiness of borrowers and the value of the collateral. The ideal candidate will have a strong background in commercial real estate finance, excellent analytical skills, and the ability to make sound credit decisions.

Key Responsibilities:

• Review underwriting models of commercial real estate loans (multifamily, retail, office, industrial), overall ensuring reasonableness of assumptions and accuracy of data
• Review and analyze commercial real estate loan applications and supporting documentation to include:
• Conduct comprehensive credit analysis of borrowers, including financial statements and market data.
• Assess the value and risk of collateral, including property appraisals and market conditions.
• Trace reported revenue and expense amounts to financial documents (e.g. property level financial statements and tax returns) provided by the borrower. Identify any issues and discuss with team leader
• Confirm the underwritten cash flow reflects leases in-place, tenant reimbursements and other assumptions provided by the borrower; and assess the reasonableness of the proforma
• Confirm any modifications, amendments to historical financial data are properly documented or flagged, if not
• Review the accuracy of rent rolls (e.g. schedules accurately foot, tie out # of vacant units, ensure accuracy of tenant names)
• Review Aged Receivable reports and assess consistency with other financial data
• Research the property, reviewing publicly available photos & maps
• Prepare detailed credit memos and present recommendations to the credit committee.
• Approve or decline loan applications based on creditworthiness and risk assessment.
• Complete other activities as may be assigned by your manager
• Monitor and manage a portfolio of commercial real estate loans, ensuring compliance with company policies and regulatory requirements.
• Collaborate with loan officers, underwriters, and other stakeholders to gather necessary information and resolve any issues.
• Stay current with industry trends, market conditions, and regulatory changes.

Qualifications:

• Bachelor’s degree in real estate, accounting, finance, business
• Minimum of 5-7 years of experience in commercial real estate underwriting, credit analysis or due diligence process or a related role
• Strong analytical and financial modeling skills
• A self-starter with the desire and ability to work well with a limited direction in a fast-paced, entrepreneurial environment
• Ability to balance multiple concurrent projects
• Flexibility and adaptability to various changing working conditions based on the priorities
• Excellent written and verbal communication skills
• Proficiency in Microsoft Office Suite, particularly Excel
• Knowledge of commercial real estate markets and property types
• Detail-oriented with strong organizational skills

Benefits:

• Competitive salary and performance-based bonuses
• Comprehensive health, dental, and vision insurance
• Professional development opportunities
• Flexible work environment

Meridian provides a total compensation package which includes a base salary, discretionary performance bonus and benefits. The estimated base salary range for this position is $80,000 - $120,000 depending on the individual's experience level, skills and qualifications.