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Commercial Real Estate Underwriter job opening in Astoria

Quontic Bank's growing Credit Administration team is currently seeking a Commercial Real Estate Underwriter who is looking for a long-term career opportunity to join us in Astoria, NY. This qualified candidate will be responsible for examining loan and credit documentation to evaluate credit decisions for accuracy and compliance with portfolio and investor guidelines.

Job requirements:

  • 5 to 10 years of related experience in a credit analytic role relative to Commercial Real Estate & Commercial & Industrial lending required;
  • Bachelor’s degree in business administration, finance, accounting or economics;
  • Knowledge of real estate appraisal techniques, field audit examination techniques, commercial & industrial collateral valuations & commercial banking regulations required;
  • In depth understanding of bank underwriting policies & procedures;
  • Should have experience in automated underwriting systems;
  • Excellent computer, customer service & communication skills;
  • Prior community lending experience preferred.

Job responsibilities: 

  • Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness. Determine whether or not the proposed loan will conform to the bank’s lending policy;
  • Prepare written summary of loan terms, conditions & a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with bank credit policy & with applicable banking regulations;
  • For CRE loans, conduct in-depth review of rent rolls, appraisals, environmental data, insurance documents, leases, balance sheets, income statements, tax returns and personal financial statements presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt while supplying acceptable collateral;
  • For C&I loans, conduct in-depth review of balance sheets, income statements, cash flow statements, tax returns, personal financial statements, receivable & payable agings, insurance documents, business plans & projections presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt while supplying acceptable collateral;
  • Identify risks & assist in structuring the loan to mitigate risks;
  • Actively participate with lending officers in the preparation of loan proposals for committee presentation, including review of financial statements, projections & site visits;
  • Review contracts, leases, appraisals, environmental assessment reports, UCC searches, flood determinations, insurance policies, receivable agings, inventory accounting, inbound audits, equipment valuations, & other information to assess risks associated with the bank’s collateral position. Continue to develop knowledge of appraisal theory & approaches to values;
  • Interact with account officers to negotiate loan terms & follow up on information required to decision the application. May contact loan applicants (customers) & their representatives (CPA’s, CFO’s) to obtain clarification about information received from them. Respond to credit applications within the timeframe established by the department & regulators;
  • Comply with all bank policies, procedures, state & federal banking laws & regulations including Bank Secrecy Act, Anti-Money Laundering, Office of the Comptroller of the Currency (OCC) & USA Patriot Act.

Compensation & benefits:

  • Competitive salary & annual performance bonus commensurate with experience;
  • Comprehensive benefits package available.

Apply now!

Please send qualified resumes, referencing the position for consideration to:

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  • Quontic Bank is an equal opportunity employer. All applicants will be considered without regard to race, gender, color, religion, age, national origin, marital status, disability, or veteran status, in accordance with federal & state laws.

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