Commercial Real Estate Loan Analyst
Commercial Real Estate Loan Analyst
New York, NY
At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here.
Incredible teams doing exceptional work, every day
In Relationship Management Team Support, we document, process and underwrite both residential and commercial loans. We provide exceptional client service to internal and external partners. We support our Relationship Managers in all aspects of the loan process to ensure that we are delivering a seamless lending experience to our clients.
Duties and Responsibilities
The Commercial Real Estate Loan Analyst assists the commercial real estate team in evaluating, underwriting, monitoring, and maintaining the new and existing commercial estate loans. This involves working primarily on credit narratives and following up during the credit approval process, reviewing documentation, closing transactions and post closing follow-up.
What you’ll do as a Commercial Real Estate Loan Analyst:
- Evaluate prospective real estate opportunities by analyzing property cash flows, rent rolls, locations, property types (multifamily, retail, office, etc), requested loan terms and all other information available.
Spread and analyze 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 be proficient in cash flow analysis. Analyst must be able to identify recurring and non recurring sources of cash flow and the property’s ability to cover debt service.
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 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 to assist commercial real estate team.
Conduct site inspections on each real estate property to ensure property is well maintained and is operated in accordance with industry practice.
Order loan documents and review documentation for consistency and accuracy of Credit Narratives. This requires working with the Borrower, Commercial Loan Operations, Closing 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.
You could be a great fit if you have:
- 2-3 years of experience in commercial real estate credit analysis.
- Bachelors degree
- Must be able to review and analyze data reports and manuals; must be computer proficient.
- Must be able to communicate effectively via telephone and in person.
- Must be able to travel as position requires.
- May be required to lift up to 15 lbs.
Own your work and your career - apply now
Are you willing to take initiative and make decisions? Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.
We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us!
This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned to meet the ongoing needs of the organization. The Company is an equal opportunity employer. In this regard, the Company makes reasonable accommodations for qualified applicants and employees with disabilities in order to enable them to perform all essential job functions, unless doing so creates an undue hardship.
First Republic is subject to federal laws that restrict the employment of individuals with certain types of criminal histories, including FDIA Section 19 and FINRA. To the extent not inconsistent with our obligations under those federal laws and regulations, First Republic will consider qualified candidates with criminal histories in a manner consistent with the Los Angeles and San Francisco ban-the-box laws.