Estimated salary $110,000-$140,000

Duties and Responsibilities/Results:

• Analyze and underwrite new commercial real estate loans in accordance with the Bank’s lending guidelines
• Spread and analyze various due diligence items including, but not limited to, personal financial statements, rent rolls, income and expense statements, credit reports, borrowing entity documents.
• Recommend appropriate loan terms and structure to management and Credit Committee based upon credit risk.
• Perform collateral inspections prior to loan approval as required.
• Review third party reports including, but not limited to, appraisal reports, environmental reports, building violation reports, title reports, etc.
• Prepare credit memorandum for management and/or Board of Trustee approval
• Act as a liaison between the commercial real estate lending department and the Bank’s attorneys to resolve any loan closing related issues.
• Work closely with the Commercial Mortgage Loan Processors, Commercial Mortgage Loan Closers and Commercial Real Estate Loan Officers to ensure timely flow of assigned loans through the loan underwriting and closing process and assist in resolving any issues as they arise.
• Keep informed of trends and developments in the real estate market, as well as the changing rules and regulations pertaining to commercial real estate lending.
• Provide CRE portfolio loan review and loan workout support as needed
• Such other related duties as may be assigned from time to time.

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Job Specifications:

• BA/BS in Finance, Real Estate, Business Administration , or related field
• Minimum of seven (7) years of experience in commercial real estate underwriting.
• Loan workout, commercial real estate portfolio management and SBA lending experience helpful.
• Demonstrated knowledge and understanding of local NYC Metropolitan CRE lending market
• Ability to analyze rent rolls, collection reports and DHCRs for rent stabilized properties.
• Demonstrated ability to analyze personal and corporate tax returns
• Ability to multitask and effectively manage a pipeline of loans to ensure timely underwriting and closing
• Detail oriented with excellent organizational and analytical skills and the ability to work independently.
• Individual must possess excellent oral and written communication skills.