What are the responsibilities and job description for the Commercial Real Estate Underwriter position at Veritas Partners?
SUMMARY:
The Associate, Commercial Real Estate Underwriting, is part of the team underwriting and originating Commercial Real Estate loans. This role is responsible for assisting the Real Estate Finance Relationship Managers with underwriting to help achieve real estate origination goals while simultaneously maintaining acceptable credit quality and return targets.
RESPONSIBILITIES:
Assist Relationship Managers with: (1) Commercial real estate financial modeling and analysis; (2) Preliminary screening of prospective financing opportunities; (3) Evaluating financing requests to determine credit quality of opportunities
Identify and assess key risks associated with a property’s financial performance, local market dynamics, and other variables that should be considered in determining a property’s risk profile
Assess the guarantor's financial position to determine the quality of this additional credit support
Perform market research to understand trends that impact a property and the competitive environment that it operates in. Determine demand and supply impacts on property vacancy, rent growth, capitalization rates, and property value
Review the proposed loan structure to determine if it is appropriate to sufficiently mitigate and manage risk
Make independent recommendations regarding credit risk supported by comprehensive analysis
Communicate effectively and interact with all levels of management
Communicate with all Relationship Managers, Team Leaders, and related departments
Assist with loan portfolio management and monitoring
Perform other duties as assigned
QUALIFICATIONS:
Bachelor's Degree from a 4-year accredited institution required
Minimum of 7 years of commercial real estate financial modeling experience with a bank, real estate development/operating company, real estate private equity firm, commercial real estate brokerage operations, or commercial finance company required
Outstanding quantitative and qualitative analytical skills
Strong knowledge of finance and accounting
Ability to work under pressure on multiple projects in parallel while still meeting deadlines
An ability to synthesize information from various sources and comprehend multiple, distinct points of views on any given topic
Demonstrated experience in financial modeling for sophisticated commercial real estate deals that vary in size and complexity
Salary : $150,000 - $190,000
