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Commercial Real Estate Credit Underwriter/Analyst

Company: NVE Bank
Location: Englewood
Posted on: November 18, 2021

Job Description:

Commercial Real Estate Credit Underwriter/AnalystThis is an in-person position.
NVE Bank is seeking qualified candidates for the position of Commercial Real Estate Credit Underwriter/Analyst.Ideal candidate should have 3+ years Commercial Real Estate Credit Analysis or equivalent financial analysis experience plus an Associate Degree in Accounting or Finance.
ESSENTIAL DUTIES:

  • Analyzing property cash flow statements, business operating statements, business and personal tax returns and personal financial statements. Must have a complete understanding of cash flow reports, financial ratios, trends, etc. Analyst must be able to identify recurring and non-recurring sources of cash flow, the property's ability to cover debt service and ability of client/guarantor to support the property.
  • Underwrite real estate and or C&I credits and prepare credit memos for new loans as well as for renewals, modifications and short-term extensions. This includes financial and risk analysis, purpose of loan, repayment sources, collateral, financial & reporting covenants, tenant analysis, and sponsor and project team summary.
  • Must be able to understand and review real estate documents (leases, loan documents, appraisals, etc.) to determine any potential issues and concerns. .
  • Responsible for independently underwriting all credit requests for new applicants and existing obligors.
  • Prepare loan presentations in conjunction with the Loan Officers ensuring all details of the credit proposal are complete and accurate, provide assessment and adequacy of deal structure and creditworthiness and participate in presentation and/or present loans to the approving authority.
  • Monitor borrower compliance with approved terms, portfolio management, and assist in the administration of credit relationships
  • Provide post-funding analytical and monitoring support of credit relationships and portfolio maintenance including completion of annual reviews.Ideal candidate should be highly motivated with excellent interpersonal and communication skills.Proficiency in various software packages as well as Microsoft Office is required.Employee Benefit Package for full-time employees includes, but is not limited to Defined Contribution Plan (401(k) Plan) with an Employer Match, Medical/Dental/Vision Plans and Life Insurance, etc.Interested Candidates should send resume with cover letter indicating position of choice and salary requirement via email to . EOE/M/F/D/V/AA

Keywords: NVE Bank, Tenafly , Commercial Real Estate Credit Underwriter/Analyst, Professions , Englewood, New Jersey

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