Tell a Friend

Success Stories

From my very first contact with Recruit Arrow, through the application process, interviews, and my acceptance of the position, this service was an invaluable asset. My recruiter gave me insight into the company by sharing her own experiences and views.

READ MORE

Related Category Jobs:

JOB CENTER

Your Window to a World of Opportunities

Commercial Bank Risk - Community Development Banki
Location : New York, New York City
Refer job # UFFL341283

Job Responsibilities and Requirements: The CDB Real Estate business primarily involves the financing of construction for rental and for sale housing for low- and moderate-income families. Clients include both for-profit real estate developers and not-for-profit entities. Underwriters have multiple responsibilities, which include preparation and presentation of credit approval packages, account management, and portfolio management. An Underwriting Associate will support senior underwriters in various tasks to prepare credit approval memos and manage portfolio accounts. In preparation of credit approval packages, an underwriter reviews cash flow forecasts, project budgets, financial statements of prospective project sponsors and guarantors, and third party reports (appraisal/marketing studies, environmental reports, and PNA/construction reviews). The underwriter is then challenged to identify the key credit risks in a transaction and clearly communicate them in a clear and succint summary memo. In account management, underwriters work as a team with CDB bankers to attend pre-closing conference calls with clients and attorneys, loan documentation negotiation and review to coordinate loan closings, and post-closing follow-up with internal business partners. Additionally, underwriters prepare and present extensions and modifications of existing credit facilities. In portfolio management, underwriters report to management on projects under construction. Reports include: annual client reviews, facility reviews, and reports on adversely classified loans. Annual client reviews are a comprehensive analysis of the project sponsor, current financial condition, exposure summary, projects in portfolio, and the internal risk ratings. Facility reviews and reports on adversely classified loans include a summary of transaction, discussion of issues, strategy of management, and internal risk grade. Underwriters also police delinquencies and loan maturities and track covenant compliance. Credit/Lending Experience: Minimum of two years in a commercial real estate credit or lending function; experience with commercial clients and complex transactions. Knowledge/Education: BA/BS or Masters, with concentration in accounting/finance/economics. Other plusses are successful completion of credit training, understanding of commercial real estate, and knowledge of Community Development. Skills: 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; ability to handle problems, be it for internal or external customers, and persist until problem is resolved; attention to detail.



[Apply Now] [Email to a Colleague] This particular job is currently not active. However, since our clients regularly share with us similar and other job openings, we strongly recommend that you submit your resume. We shall review your resume and get in touch with you as soon as a suitable vacancy comes up to further discuss your interest in exploring the opportunity.Assisting you is our highest priority. Please be assured that none of your materials will be forwarded to any employer without your consent. Of course, all inquiries are kept strictly confidential.

Newsletter and Job Updates