Sr. Commercial Real Estate Underwriter in Memphis, TN at Vaco

Date Posted: 2/1/2021

Job Snapshot

  • Employee Type:
  • Location:
    Memphis, TN
  • Job Type:
  • Experience:
    At least 5 year(s)
  • Date Posted:
  • Job ID:

Job Description

Sr. Commercial Real Estate Underwriter
$79-89k + 15% bonus

Responsible for performing financial analyses and risk assessments of Commercial Real Estate credit requests, including new requests, renewals, and modifications to support and advance successful commercial lending objectives of the Credit Union.

1. Underwrites complex CRE loan transactions for new and existing members with complicated borrowing structures, formulating mitigated risk recommendations, synthesized in the form of well-written and accurately analyzed narratives.
2. Prepares and submits credit packages with recommendations to approve or disapprove extensions of credit.
3. Reviews property operating statements, leases, rent rolls, and real estate schedules to perform detailed cash flow analysis. Performs stress testing scenarios on construction projects and stabilized income-producing real estate properties.
4. Completes risk ratings as a means to proactively mitigate potential risk associated with each asset within the portfolio. Maintains a strong understanding of The Company's commercial credit culture, credit policy, and procedures and is able to accurately risk-rate loans using the company's methodology.
5. Performs routine annual reviews of relationships within the portfolio and reviews loan documents and approvals to determine the information that is needed for renewals/modifications.
6. Facilitates timely receipt of current and satisfactory financial statements of all types, tax returns, and personal financial statements, and analyzes complex personal financial statements and personal tax returns of sponsors/guarantors, as well as contingent debt.
7. Contacts internal/external parties as appropriate to gather information and to clarify inconsistent, incorrect, or missing information. May perform relevant pre-approval and post-approval activities.
8. Attends calls with lending staff in order to gain a thorough understanding of the member/prospect and their business in order to determine the merits of specific loan requests and loan structure, as well as assist in the management of the member relationship.
9. Maintains timeliness and accuracy of credit analysis and underwriting work product.
10. Performs other duties and special projects as assigned by the EVP of Commercial Real Estate and Director of Commercial Lending.
11. Contribute to the commercial lending team culture to ensure it is consistent with the mission, vision, and values of the Credit Union. Communicate credit union goals and direction with all team members to ensure a clear understanding of rules, regulations, policies, and expectations.

Bachelor's degree in related field or equivalent experience and training

Minimum of five years' experience in Commercial Real Estate underwriting, credit structuring, credit/portfolio management, and administration, or other applicable risk assessment experience.

Extensive knowledge of commercial real estate analysis, lending practices, and related areas.
Extensive knowledge of Fair Lending Laws and Regulations and
comprehensive understanding of NCUA and CFPB regulations.
Advanced knowledge of personal/business financial statements and tax returns.
Highly analytical with the ability to perform extensive research and report
Demonstrated ability to work independently, solve problems, and multi-task with a sense of urgency in a fast-paced, time-sensitive environment.
Ability to efficiently and effectively perform duties with accuracy and within designated time frames.
Ability to prioritize multiple projects and demands, and manage timelines.


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