Job Description Senior Commercial Real Estate Underwriter – Agency / CMBS Underwriting: :
MCube is seeking a highly motivated individual experienced in commercial real estate debt underwriting for its commercial real estate advisory services. This is an opportunity to join a fast-growing team in a dynamic environment with offices in the U.S. and India. This position is in company’s headquarters in Charlotte, NC and will require the chosen individual to work from MCube’s Charlotte office.
The Senior Underwriter is responsible for structuring and underwriting new commercial real estate loans between $1 million and $100 million + in a manner consistent with client credit parameters. Loan types include but are not limited to, Commercial Mortgage Backed Securities (CMBS), Agency multifamily (Freddie Mac, Fannie Mae and HUD), balance sheet term loans, and bridge/transitional property loans.
The Senior Underwriter’s goal is to ensure the quality, completeness, and accuracy of analysis that precedes credit and business decisions as well as manage the overall delivery of the transaction deliverables to clients. This role will provide support in the delivery of due diligence and real estate analysis for CMBS, Agency multifamily, securitization and other commercial real estate loan underwriting and debt consulting services. This role involves taking part in and managing multiple transactions with multiple clients under tight timelines.
As an Underwriter in commercial real estate, you will work with U.S. and India teams supporting clients in analyzing the real estate collateral securing a proposed loan, the surrounding market/sub-market and demographic area as well as the financial strength and experience of the borrower/guarantor. You will be responsible for making credit worthy decisions on complex commercial real estate transactions to determine acceptability of risk in accordance with the client’s guidelines and standards.
The successful candidate will have the following qualifications:
• Undergraduate degree and or a Master’s degree in business with a finance or accounting concentration
• Commercial real estate and/or capital markets debt underwriting or credit analysis experience with a lending institution is a strong plus
• 2 – 5 + years of hands-on commercial real estate experience in any or all of the following:
1. commercial real estate lending or underwriting for CMBS, balance sheet or Multifamily government agency products (Freddie Mac, Fannie Mae, HUD – Small balance UW is a strong plus)
2. loan portfolio management
3.credit or financial analysis for Commercial real estate properties
4.commercial real estate acquisitions or dispositions
5.commercial property management
6.commercial real estate appraisal
7.commercial real estate market research
8.CMBS or balance sheet asset management or servicing
• Strong interpersonal skills and be able to communicate effectively
• Ability to write in a concise and clear manner to convey complex information
• Must be self-motivated and able to work in teams and individually
• Knowledge and experience of credit policy and credit administration procedures
• Strong EXCEL skills along with proficiency in MS-Word and other Microsoft Office tools.
• Must be able to work in various third-party underwriting systems e.g., Closer / Rockport / Backshop or other proprietary underwriting systems and models (experience working in Freddie LST is a strong plus)
• Strong quantitative and analytical skills
You will be a player/coach and manage teams across multiple projects and be involved in all aspects of the due diligence and underwriting process including but not limited to:
• Interacting with clients and supporting client relationships
• Evaluating all financial statements, identifying recurring and non-recurring income/expenses, differentiating between capital expenditure and operating expenses, and understanding cash and accrual methodologies
• Analysing property rent rolls and historical financials
• Reviewing third party appraisal, engineering and environmental reports
• Writing and reviewing all aspects of the credit memorandum and/or asset summary report
• Abstracting and understanding leases and loan documents
• Evaluating reimbursement structures
• Reviewing and analyzing borrower/sponsor searches
• Reviewing and analyzing tenant searches
• Applying a critical eye at each phase of the process and reporting any anomalies to the client
• Providing closing support to the client including coordinating with closing departments and outside counsel in the preparation, review and approval of loan documentation to ensure the documents meet agreed upon business terms and satisfy the specific requirements of the appropriate credit approval authority
• Supervising junior staff in two offices across countries and time zones
• Managing and working on multiple transactions with support from junior underwriters / analysts
• Managing deadlines, multi-tasking and maintaining high production and quality standards
• Allocating resources efficiently based on timelines and workload
We recognize that our strength and success are directly linked to the quality and skills of our diverse associates. We are proud to be a place where talented people who want to make a difference and can grow as professionals, leaders, and as individuals.
Visit http://www.mcubefinancial.com to learn more about our values, our history and our brand.
MCube and its affiliates are equal opportunity/affirmative action employers and are committed to diversity within our workforce.
If you feel that you have some or all the above qualifications, please apply for this job at –
https://mcubefinancial.com/apply-with-mcube-financial/ or send your resume and contact information to careers@mcubefinancial.com
Note that this posting is intended for individual applicants. Search firms or agencies should email Careers at contactus@mcubefinancial.com for more information about doing business with MCube Financial LLC.