Job Description

Principal Duties:

• The Credit Underwriter’s key responsibility is to assess risk in the borrower’s business strategy/experience and their real estate projects/investments.
• Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy.
  • Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment likelihood/capacity.
  • Conduct market analyses and review real estate appraisals.
  • Works with Loan Officers and Relationship Managers to obtain all required due diligence items.
  • Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff.
• Present credit memorandums to Credit Management for review and approval.
• Analyzes legal documentation such as corporate entity documents to understand borrower structure and works with Compliance for AML/KYC.  Loan documents may also need to be reviewed.

Education and Experience

• Must have bachelor’s degree.
• Minimum 3+ years in Commercial Real Estate banking or private real estate lending, in the form of underwriting, credit analysis or related experience. 
• Experience in construction lending is a plus.
• Knowledge of complex real estate lending and loan structuring.
• Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation.
• Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis.
• Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
• Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications for pipeline management.

Knowledge, Skills, and Abilities

• Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective.
• Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation Ability to identify potential credit issues and appropriately escalate to management.
• Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines
• Ability to identify potential credit issues and appropriately escalate to management.
• Adapts to change in priorities and/or processes easily in a fast-paced work environment.
• Excellent interpersonal, negotiation, presentation, oral, and written communication skills.