The Underwriting Associate in CDB Real Estate's Northeast Underwriting Team has multiple responsibilities, which include (i) preparation of, and sharing in the presentation of, credit approval packages, annual client reviews, and reports on adversely classified loans, (ii) account management, and (iii) portfolio monitoring. The CDB Real Estate business primarily involves the financing of construction of rental and for sale housing for low- and moderate-income people. Clients include for-profit real estate developers and not-for-profit entities.
With respect to credit approval packages, the Underwriting Associate writes memoranda that contain evaluations of transaction risk after having assessed cash flow forecasts, project budgets, and financial statements of prospective borrowers and guarantors. The Underwriting Associate also participates in the presentation of the transaction to CDB Credit. In preparing annual client reviews and reports on adversely classified loans, the person in this role will focus on the status of the projects and the clients’ current financial conditions.
The position's account management duties include assisting CDB Bankers with (i) loan closings, specifically pre-closing conference calls with clients and attorneys, loan documentation review, and post-closing follow-up with internal business partners; and (ii) extensions and modifications of existing credit facilities.
The Underwriting Associate’s portfolio monitoring duties include reporting to management on projects under construction, and policing delinquencies and loan maturities.
Credit/Lending Experience: Minimum of two years of credit or lending experience, preferably with commercial real estate transactions.
Knowledge/Education: BA/BS with some Accounting/Finance. Other assets include successful completion of credit training, understanding of commercial real estate, and interest in Community Development and public policy.
Excellent teamwork and customer service, consistently delivering on commitments to colleagues and internal and external customers.
Strong analytical and project management skills with the ability to multi-task.
Communications skills, both written and oral.
Computer skills, particularly Excel and Word. Knowledge of bank loan and deposit systems a plus.
Ability to handle problems, be it for internal or external customers, and persist until problem is resolved.
Attention to detail.