Commercial Real Estate Senior Underwriter

Job Description

Responsibilities

Underwrite and manage a portfolio of complex commercial real estate relationships, including publicly traded Real Estate Investment Trusts (REITs), Real Estate Operating Companies (REOCs), and real estate private equity funds.
Perform comprehensive financial analysis, prepare credit recommendations, and monitor portfolio performance.
Partner closely with Relationship Managers, Portfolio Managers, and Credit Risk Management to support sound credit decisions.
Manage transactions from initial underwriting through final credit approval, including new loan requests, renewals, modifications, extensions, annual reviews, and ongoing portfolio monitoring activities.
Analyze borrower and guarantor financial statements to assess creditworthiness, repayment capacity, and overall credit risk.
Prepare comprehensive written credit analyses and recommendations for new loan requests, renewals, modifications, and extensions.
Complete risk rating assessments and recommend appropriate transaction structures and credit mitigants.
Underwrite complex commercial real estate transactions, including large balance and syndicated credit facilities.
Present underwriting conclusions and recommendations to business line and credit approval partners.
Manage an assigned portfolio of commercial real estate relationships.
Oversee quarterly trend analyses, annual reviews, covenant compliance testing, and portfolio monitoring activities.
Monitor portfolio performance and identify emerging credit trends or risk concerns.
Ensure timely receipt and analysis of borrower financial reporting requirements.
Maintain compliance with credit policies, underwriting standards, and regulatory expectations.
Perform detailed financial statement spreading and analysis.
Evaluate borrower operating performance, capital structures, liquidity, cash flow, leverage, and debt service capacity.
Utilize financial models to assess credit quality and support underwriting recommendations.
Analyze industry, market, and borrower-specific trends impacting credit performance.

Qualifications

Bachelor's degree, or equivalent work experience
Three or more years of experience in a finance/analytical related role

Preferred Qualifications

Experience underwriting commercial real estate transactions involving REITs, REOCs, real estate funds, or institutional real estate investors.
Strong knowledge of commercial credit analysis, financial statement analysis, and risk assessment methodologies.
Experience managing complex borrower relationships and large credit exposures.
Ability to independently analyze credit requests and develop underwriting recommendations.
Strong written communication and credit memorandum writing skills.
Effective verbal communication and presentation skills.
Ability to work independently while managing multiple priorities and deadlines.
Experience interacting with business line partners, portfolio managers, and credit approvers.
Ability to analyze large volumes of financial and portfolio data accurately and efficiently.
Advanced proficiency in Microsoft Excel, including financial modeling and analysis.
Experience utilizing nCino or similar commercial lending and credit workflow systems.

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About Company

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.