CRE Capital Solutions Underwriter – Vice President

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Company: Union Bank
Location: New York, NY

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Are you passionate about creating an exceptional client experience?


Discover your opportunity with Union Bank, a division of the Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world. At Union Bank, we care about the details that matter most to our clients. We have our clients’ best interest in mind, drawing on more than 150 years of experience to understand their distinct needs and tailor our solutions. We’re part of 150,000 colleagues around the globe striving to be the world’s most trusted financial group. Trust starts with a culture of putting people first and empowering you to achieve your potential. Join Union Bank, where being inspired is expected and creating results is rewarded.

Job Summary:

The CRE Capital Solutions Underwriter evaluates new loan opportunities for suitability both under MUFG Union Bank’s Underwriting Guidelines as well as current market standards. The incumbent is responsible for representation of the credit metrics and the quality of the loan to the bank’s Credit Committee and will oversee transactions from their initial sizing/pricing through portfolio management. The position is part of the Real Estate Capital Solutions business unit and will focus on CRE Warehouse Facilities & Agency Finance.


Management or Supervision: Yes


Major Responsibilities:

  • Support the production, underwriting & asset management for CRE transitional Loans to top tier asset managers, debt funds and sponsor clients.
  • Understanding of asset backed loan warehouse structures and repo financing for CRE debt funds and asset managers
  • Ensures the quality, completeness and accuracy of the analysis that precedes credit and business decisions as well as manage the overall delivery of the credit transaction.
  • Participates in sales calls and evaluates loan suitability in the context of the current market.
  • Follows underwriting standards and provides comprehensive market analysis including real estate markets trends and competitor bank underwriting.
  • Ensures loan underwriting is in compliance with MUFG Union Bank’s underwriting guidelines.
  • Provides preliminary underwriting metrics and analysis required to accurately price and size new lending opportunities.
  • Partners with borrowers, and originators to ensure information used for underwriting is accurate and received in a timely manner.
  • Analyzes and recommends solutions for underwriting issues that arise during regional loan underwriting.
  • Responsible for representation of the credit metrics and quality of the loan to the Credit Committee and will be involved in transactions from their initial sizing/pricing up through portfolio management and refinance or payoffs of the facilities.
  • Works with the relationship manager and prepares and presents loan credit to Credit Committees to include reports with cash flow, risks and strengths, borrower / sponsor and market analysis.
  • Reviews and analyzes third party reports, including appraisal results; as well as sponsors credit reports and representations.
  • Produces asset summary reports for ongoing portfolio management per bank standards.
  • Oversees ongoing monitoring and management of the loan portfolio.
  • Reviews and provides commentary on legal documents in conjunction with the relationship manager.

Qualifications:

Education, Licensure, Year of Experience (and type of work experience):

  • 6-10 years of relevant experience underwriting and portfolio management of transitional real estate loans.
  • Extensive experience in commercial loan portfolio management.
  • Bachelor’s degree typically required; advanced degree preferred.


Knowledge, Skills, Abilities:

  • Extensive US Commercial Real Estate market knowledge.
  • Prior Debt Fund or Warehouse Facility (repo) experience preferred
  • Extensive knowledge and experience of credit policy and credit administration procedures.
  • Ability to quickly become well versed in the Bank’s credit policies and procedures and regularly adapt to change.
  • Possesses effective management skills including recruitment, selection, and continuous development of employees.
  • Effective leader who works collaboratively with executive management and line leadership across Bank divisions and disciplines to meet overall business line objectives.
  • Sound operational and risk management knowledge.
  • Excellent communication and interpersonal skills; with the ability to demonstrate the Bank’s core competencies.
  • Excellent financial acumen and strong analytical abilities.
  • Team player, entrepreneurial and comfortable in building new businesses

The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.