Commercial Underwriter

5 days ago

Bengaluru, Karnataka, India Randstad Enterprise Full time

Attention everyone

Hiring for 'Commercial Real Estate Underwriter-CMBS Securitization'

Mandatory skill sets:

1. Commercial Real Estate, Commercial Underwriting, Structured Finance, CMBS securitization, Third party reports review. Term sheet, Rent rolls, financial statements, due diligence.

2. Excellent verbal, written, and interpersonal communication skills.

Location- Hyderabad and Bangalore

Experience required:

4-10 years in CRE underwriting and post servicing and securitization

About this role:

Wells Fargo is seeking a Commercial Real Estate Underwriting Associate.

In this role, you will:

  • Participate in credit research and investigation of existing and prospective clients and counterparties under the direction of more experienced individuals within Commercial Real Estate Underwriting functional area
  • Review basic issues, policies, or procedures for which answers can be quickly obtained, and are related to low to medium risk tasks and deliverables
  • Receive direction from supervisor and exercise independent judgment while developing understanding of function, policies, procedures, and compliance requirements
  • Collaborate and consult with Commercial Real Estate Underwriting managers, functional colleagues, and stakeholders, including internal as well as external customers.
  • Your responsibilities include, but not limited to:
  • Performing loan file review procedures on pools of commercial mortgage loans and properties
  • Maintaining and updating critical data to reflect the results of loan file review procedures.
  • Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors. This would include review of financial statements and compare it against CRE guidelines.
  • Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.
  • Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and non-financial) to be maintained by the borrower.
  • Perform market research of real estate using various third-party applications and compare performance of subject property against market data to draw conclusion of overall performance.
  • Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.
  • Interacting with clients to discuss, explain and reconcile data and offering document exceptions.
  • Reviewing the Securitization offering documents for accuracy and completeness of collateral disclosure
  • Document and synthesize all the findings based on above mentioned reviews.
  • Assisting with training, mentoring, performing quality checks and developing junior team members
  • Contribute towards building strong client relationships through interactions with client personnel.
  • Contribute to a positive team attitude.

Required Qualifications:

  • 6+ months of Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

  • Master's degree in accounting, finance, economics, business administration
  • 5+ years of relevant Commercial Real Estate working experience.
  • Previous CMBS or ABS experience
  • 3+ years of experience in financial cash flow modeling securitization transactions in Excel/VBA.
  • Exposure to industry platforms such as REIS, Costar, TREPP
  • Knowledge of CMBS-related legal/offering documents and commercial mortgage loan and property source documents
  • Proficiency with Microsoft Office products (Excel, Word, Access); spreadsheet modeling experience is a plus.
  • 1+ years of experience in coordinating and communicating with working parties such as bankers and portfolio managers.

Share your updated resume at nimisha.chhabra@randstad.in

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