GENERAL SUMMARY:

This position evaluates cash flow and other characteristics of real estate, the credit worthiness and management capabilities of the guarantor, and adequacy of the loan structure. The evaluation process encompasses analyzing collateral property, the financial strength and experience of the borrower/guarantor, surrounding market, and demographic area. 

In addition to the duties above, the lead is considered a deep subject matter expert in credit risk management balanced with industry and market expertise. In addition to performing responsibilities autonomously, the lead may play a leadership role in the Underwriting Manager’s absence. In addition, the role may guide and shape less experienced associates. The Lead is trusted to complete more complex transactions or solve more unique problems.

The role is responsible for all related aspects of underwriting of a proposed loan after term sheet through closing. Post-closing, the Underwriter will assist the Relationship Manager and Portfolio Manager with follow-up matters as needed, including but not limited to review of post-closing conditions, review, and release of holdbacks, earnouts, and reserve requirements.

The role will analyze property operations including all historical revenues, expense, rent rolls, leases, estoppels and SNDAs, guarantor’s financial statements including personal and corporate income statements, balance sheets, SREOs, and tax returns, and prepare projections for the ongoing economic viability of the property and the loan.

NATURE AND SCOPE OF POSITION:

This position works with minimal supervision and direction and is authorized to take reasonable actions necessary to carry out the assigned responsibilities of the position, provided that such action is consistent with cost-effective practices and is consistent with the policies and procedures of Kinecta Federal Credit Union and its underwriting guidelines.

SUPERVISORY RESPONSIBILITIES:

This role has no direct supervisory responsibilities but will be expected to take the lead with the underwriting team and projects as assigned. 

ESSENTIAL DUTIES AND RESPONSIBILITIES: 

• Participate or lead interviews on new candidates.
• Lead and mentor all underwriting staff.
• Participate in training of underwriting staff.
• Participate in Greenlight reviews. 
• Review Credit Presentations (CP) in manager’s absence.
• Be underwriting department’s spoke person in manager’s absence.
• Lead process improvement efforts (e.g., design procedures for earnout/holdback releases).
• Participate in selection and setting up of new departmental tools (e.g., new Loan Origination System, new forms, etc.,)
• Analyze property and guarantor cash flow in Excel and CASH Suite models
• Review loan-related documents such as estoppels, Subordination Non-Disturbance Agreements (SNDA), tenant leases, ground leases, borrower entity structures, and loan documents for correct terms. 
• Assess and modify (as needed) borrower, guarantor, and loan structure. 
• Review third-party reports such as appraisals, environmental reports, and property condition assessments.
• Correctly identify strengths, risks and mitigants, and assess credit worthiness and capabilities of borrowers, guarantors and for certain properties, tenants.
• Create loan structure including holdbacks, earnouts, and reserves as needed.
• Prepare detailed presentations for loan committee consideration. 
• Present to loan committee as needed.
• Perform site visits as needed. 
• Interface with borrowers, appraisers, property managers, loan administration staff and brokerage community.
• Be familiar with and abide by all Kinecta underwriting policies and procedures related to CRE (Commercial Real Estate) lending practices.

NON-ESSENTIAL DUTIES AND RESPONSIBILITIES:

Performs other duties including special projects as assigned.

MINIMUM QUALIFICATIONS

Knowledge, Skills and Abilities:

• Proficiency in CRE knowledge
• Proficiency in tax return analysis
• Proficiency in Microsoft Excel, Microsoft Word, and market research services. 
• Excellent presentation, listening, reading comprehension, and written communication skills. 
• Ability to draw insightful conclusion from complex information.
• Ability to manage competing priorities and focus on desired outcomes.
• Ability to produce outcomes with minimal direction and to find necessary resources.
• Ability to manage large amounts of complex information easily, communicate it clearly, and draw sound conclusions.

Education, Training and Experience:

Potential candidates for this position must meet the following requirements:

• Bachelor’s Degree or higher in a business-related field, preferably finance or real estate. 
• Five years plus of experience in commercial real estate fields, especially lending relation, or market research.

One year of relevant professional-level work experience may be substituted for one year of required education.

WORKING CONDITIONS:

• The working environment is generally favorable.  Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc. 
• The job may require flexibility with regards to scheduling days, hours, and work location, depending on business needs. 
• The job is typically sedentary but may require standing and walking up to 35% of the work time to transfer files, ask questions, and related activities.

PHYSICAL ABILITIES, MENTAL DEMANDS, AND WORK ENVIRONMENT

Must be able to exercise sound judgment, effectively plan and be well organized, have excellent oral and written communications skills, work well under changing timelines, take the initiative and be flexible and cooperative. Accuracy, timeliness and maintaining confidentiality related to member, employee information and company records is required.

While performing the job duties of this position, the employee is regularly required to sit; talk or hear in person and by telephone; use hands to operate standard office equipment; reach with hands and arms; lift minimum 10 lbs.

The employee is frequently required to walk and stand. Vision abilities required by this job include close vision and the ability to adjust focus to read and operate office equipment, as necessary. The employee works under typical office conditions and noise levels. 

Disclaimer:

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification.  It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.