Job Description

Underwriting Assistant

Summary: Assist the Underwriting Team with credit, market, and underwriting analysis of multi-family loans.

Major Responsibilities:

• Input property level profit and loss statements and project rent rolls for reconciliation and analysis.
• Learn Agency program rules and industry standards to develop underwritten pro-forma projections for net cash flow for multi-family assets.
• Order and critically analyze third party appraisals, property conduction reports, and phase I environmental and seismic for Agency program compliance.
• Complete market analysis to determine trends in income, demographics, rents and occupancy levels.
• Develop understanding of Fannie Mae and Freddie Mac multi-family standards and processes.
• Assist Underwriter with preparation of loan committee narrative submissions and Freddie Mac submissions.
• Assist Underwriting Team in the preparation of all deliverables in connection with loan closings.
• Complete project site inspections to assess quality, condition, and position within a competitive set for proposed collateral.
• Additional ad hoc financial analysis as required.
• Interface with Underwriting staff, Production staff, and external parties in a professional manner.
• Other duties or special assignments as assigned.

Minimum Requirements:

• Minimum 2 years of experience in finance or real estate preferred.
• Prior experience in a professional work environment is a plus.
• Bachelor's degree in business or finance is required.
• Strong proficiency with Microsoft Office suite (Word and Excel).
• Ability to operate effectively in a team environment and collaborate well with multiple parties.
• Ability to problem solve, exercise a high degree of accuracy and complete multiple tasks on schedule.
• Excellent written and verbal communication skills.

We encourage you to explore the career opportunities we have available here at BWE!

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