Senior Commercial Real Estate Underwriter

4 weeks ago

Bengaluru, India WELLS FARGO BANK Full time
In this role, 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 Qualification
  • 4+ years 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.
Posting End Date:
29 Nov 2024
*Job posting may come down early due to volume of applicants.

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