First Republic Bank

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Commercial Real Estate Analyst

Commercial Real Estate Analyst

ID 
2017-4776
Job Locations 
US-NY-New York
Category 
Lending

More information about this job

Overview

To assist the construction/commercial lending team in evaluating, underwriting, monitoring, and maintaining new and existing construction loans including 1-4 family properties, multifamily properties and mixed use properties. This involves reviewing client submission including building plans and budgets, preparing credit narratives and following up during the credit approval process, reviewing documentation, closing transactions and post closing follow-up. Candidate should be a college graduate with a minimum of two years of construction or commercial real estate experience.

Responsibilities

  • Evaluate prospective real estate opportunities by analyzing construction budgets for hard and soft costs, property cash flows (current and future), rent rolls, locations, property types (residential, multifamily, retail, office, etc), requested loan terms and all other information available.
  • Spread and analyze current and proposed property operating statements and/or tax returns and have a complete understanding of cash flow reports, financial ratios, trends, etc. Also spread personal financial statements and tax returns and be proficient in K-1 and cash flow analysis. Analyst must be able to identify recurring and non recurring sources of cash flow, the property’s ability to cover debt service and ability of client/guarantor to support the property.
  • Underwrite real estate credit narratives for new loans as well as for renewals, modifications and short-term extensions. This includes financial and risk analysis, purpose of loan, repayment sources, collateral, financial & reporting covenants, tenant analysis, and sponsor and project team summary. Analyst must be able to underwrite complex properties and guarantor credits. 
  • Run credit reports on companies and individuals to assist in the analysis process. Conduct research on specific industries/companies and due diligence on sponsors and guarantors to assist team.
  • Conduct site inspections on real estate property to ensure property is well maintained and is operated in accordance with industry practice.
  • Review documentation for consistency and accuracy of Credit Narratives. This requires working with the Borrower, Commercial Loan Operations, Closing Department and outside legal counsel.
  • Create and maintain all loan and credit files. Must be able to take responsibility of the credit file used in approving each loan.
  • Assist and work with clients on all levels of the relationship, including: loan advances and payments, collecting loan and legal fees, calling on delinquencies, assisting clients with various loan and deposit related inquiries, etc. Remedy or submit requests to the proper departments and follow up to ensure timely execution.
  • Be proficient in Microsoft Office and Excel.
  • Performs other duties and responsibilities as required or assigned by supervisor.
  • Commercial Real Estate Analyst must be able to provide outstanding client support and quality service. 
  • Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. 

Qualifications

KEY SKILLS, KNOWLEDGE AND ABILITIES:

  • 2-5 years of experience in commercial real estate credit analysis.
  • Must have experience with the following types of commercial real estate:
  • Multi-Family
  • Office
  • Retail
  • Industrial
  • Business Banking experience a plus.
  • An undergraduate degree with the following competencies:
    • Business Finance and Accounting to ensure proficiency with interpretation of financial statements, financial trends and, global cash flow analysis.
  • Proficient with all financial statements (Balance Sheet, Income Statement and Cash Flow Statement).
  • Significant loan monitoring and loan grading expertise.
  • Proficiency in legal terminology and documentation to ensure approved loan terms are correctly interpreted and captured for monitoring.
  • Excellent oral and written communication skills as well as analytical, mathematical, and reasoning skills.
  • Demonstrated ability to develop and maintain positive working relationships with contacts across lines of business / clients.
  • Technical aptitude with AFS Level III, Word, Excel and Outlook; knowledge of Access is a plus.

MENTAL/PHYSICAL REQUIREMENTS:

  • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
  • Must be able to travel as position requires.
  • May be required to lift 25-50lbs.

 

 

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