What are the responsibilities and job description for the Credit Underwriter position at JBA International?
Principal Duties:
- The Credit Underwriter’s key responsibility is to assess risk in the borrower’s business strategy/experience and their real estate projects/investments.
- Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy.
- Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment likelihood/capacity.
- Conduct market analyses and review real estate appraisals.
- Works with Loan Officers and Relationship Managers to obtain all required due diligence items.
- Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff.
- Present credit memorandums to Credit Management for review and approval.
- Analyzes legal documentation such as corporate entity documents to understand borrower structure and works with Compliance for AML/KYC. Loan documents may also need to be reviewed.
Education and Experience
- Must have bachelor’s degree.
- Minimum 3 years in Commercial Real Estate banking or private real estate lending, in the form of underwriting, credit analysis or related experience.
- Experience in construction lending is a plus.
- Knowledge of complex real estate lending and loan structuring.
- Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation.
- Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis.
- Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation.
- Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications for pipeline management.
Knowledge, Skills, and Abilities
- Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective.
- Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation Ability to identify potential credit issues and appropriately escalate to management.
- Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines
- Ability to identify potential credit issues and appropriately escalate to management.
- Adapts to change in priorities and/or processes easily in a fast-paced work environment.
- Excellent interpersonal, negotiation, presentation, oral, and written communication skills.
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