Loan Underwriter Job at Meridian Capital Group, New York, NY

THByQXpSSUpBSTU3aHlsZytZbkxpZ2ttUEE9PQ==
  • Meridian Capital Group
  • New York, NY

Job Description

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.

Job Tags

Flexible hours,

Similar Jobs

ContactLink Solutions LLC

Dari Freelance US-Based VRI/OPI Interpreter Job at ContactLink Solutions LLC

 ...Proficiency/Bilingual/Native level of English and target language Work letter from previous employer Resume with 2 professional...  ...information: Remote position, interpreter works from his/her home office Ongoing training and competency opportunities Monthly... 

Uber

Strategic Operations Manager, Uber Eats, Marketplace Job at Uber

**About the Role**Uber Eats is revolutionizing instant delivery and making dining effortless: from eating locally to ordering groceries or to celebrating with a bottle of wine. The options are endless. Working at Uber Eats means delivering on all possibilities, not just... 

Insight Global

AML Investigator Job at Insight Global

 ...Day to Day: Insight Global is looking for Sr. AML Investigators to work on site hybrid for one of our customers supporting their current...  ...responsible for maintaining certain aspects of the AML/GFC program and assists in meeting and maintaining BSA/AML compliance requirements of... 

Diamonds International

Jeweler Job at Diamonds International

 ...Diamonds International is looking for an experienced Jeweler to join their team! What we're looking for: At least 3-5 years experience as a Jeweler with a focus on repair work Courteous and professional individual with excellent communication skills Ability... 

BeaconFire Inc.

Human Resources Assistant Job at BeaconFire Inc.

 ...About the Role We are seeking a detail-oriented and proactive HR Assistant to join our Human Resources team. The ideal candidate will provide crucial administrative support to ensure the efficient functioning of HR processes and contribute to the overall success of...