Senior CRE Loan Underwriter

Full-Time | On-Site | Manhattan, NY About the Bank Our client is a privately held boutique commercial bank headquartered in Manhattan, providing personalized financial solutions to high-net-worth individuals, businesses, and real estate professionals. With a strong focus on commercial real estate lending and private banking, the bank takes a relationship-driven approach to serving its clients and offers an opportunity to make a meaningful impact within a growing credit organization. The Opportunity We are seeking an experienced Senior Commercial Real Estate Loan Underwriter to join the bank's credit team. This is a key role responsible for evaluating, structuring, and underwriting complex CRE transactions, with a particular emphasis on construction lending. The ideal candidate will have significant commercial underwriting experience, preferably gained within a community or regional bank, and the ability to balance prudent credit risk with sound business objectives. Key Responsibilities Underwrite and analyze commercial real estate loan requests, including acquisition, construction, bridge, refinance, and permanent financing. Analyze borrower and guarantor financial statements, tax returns, rent rolls, operating statements, personal financial statements, and other supporting documentation. Evaluate property cash flows, market conditions, appraisals, debt service coverage, loan-to-value, debt yield, liquidity, and other key credit metrics. Underwrite and structure construction loans, including analysis of project budgets, sources and uses, construction timelines, completion risk, collateral, and repayment sources. Identify key credit risks, exceptions, and mitigants and recommend appropriate loan structures, terms, covenants, and conditions. Prepare detailed and well-supported credit memoranda for presentation to senior management and Credit Committee. Present and defend credit recommendations to Credit Committee when required. Collaborate closely with Relationship Managers, borrowers, brokers, appraisers, attorneys, and other internal and external stakeholders. Conduct periodic reviews of existing loans and monitor portfolio performance, covenant compliance, and emerging credit risks. Ensure underwriting decisions comply with internal credit policies, regulatory requirements, and risk management standards. Identify opportunities to improve underwriting processes, credit practices, and overall efficiency. Stay current on CRE market conditions, lending trends, regulatory developments, and emerging risks. Qualifications Degree in Finance, Accounting, Real Estate, Business, or a related field. 7–10+ years of commercial lending, CRE underwriting, or commercial credit analysis experience. Strong experience underwriting commercial real estate transactions. Direct construction lending experience strongly preferred. Strong understanding of CRE markets, loan structuring, credit risk, and repayment analysis. Advanced ability to analyze financial statements, tax returns, cash flows, rent rolls, appraisals, and projections. Experience with credit memoranda, risk ratings, loan covenants, and Credit Committee processes. Strong financial modeling and credit analysis skills. Knowledge of banking regulations and commercial lending policies. Experience within a community, regional, or boutique commercial bank is highly desirable. What We Are Looking For Exceptional analytical and financial skills. Strong credit judgment and the ability to identify and mitigate risk. Detail-oriented with a high level of accuracy. Ability to make sound decisions under pressure and within deadlines. Strong written and verbal communication skills. Collaborative, relationship-oriented approach. Someone who wants to take ownership of the credit process and grow with the organization. Compensation $135,000–$160,000 base salary, commensurate with experience, qualifications, and overall fit. This is an on-site Manhattan position offering an opportunity to join a highly relationship-driven boutique bank and grow into a broader senior credit leadership role. #J-18808-Ljbffr MyArmenianNetwork