Underwriting Analyst - GSE/Agency
Company
Colliers
Location
Minneapolis–Saint Paul, MN
Type
Full Time
Job Description
Make your next move an expert one.
At Colliers it’s not our success that sets us apart, it’s how we achieve it. Our people are passionate, take ownership and always do what’s right for our clients, people and communities.
Why Colliers?
Our enterprising environment needs your expertise to facilitate Colliers’ continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.
Colliers is seeking an Underwriting Analyst to support our Agency/GSE underwriting team. Analysts in this role will assist our senior underwriting team from pre-underwriting analysis though the completion of the final loan narrative, including conducting in depth financial analysis, identifying strengths and weaknesses of prospective multifamily loans, and presenting their findings to our internal Loan Committee.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Assist the Agency underwriting team in completing the prospective loan narrative and updating financial model with rent rolls, budgets, operating statements and third-party report conclusions
- Collaborate with the underwriting, production, and closing teams to determine deal timelines and identify challenges to prospective loans
- Support the underwriting team in the credit review of prospective loans
- Perform in-person property/site inspections and complete lease audits verifying property operations
- Maintain due diligence checklists
- Conduct market research to evaluate comparable properties and local market trends, utilizing tools such as Moody’s REIS and third-party appraisal reports
- Evaluate the strengths, weaknesses, and mitigants of prospective loans, while developing and maintaining a strong understanding of the Fannie Mae DUS Program guidelines
- Recognizing and analyzing industry trends, including current economic conditions, interest rate environment, and demographic trends
- Coordinate and compile Loan Committee packages
- Other duties as assigned
REQUIRED EDUCATION AND EXPERIENCE
- Bachelor’s Degree in Real Estate, Finance, Business, Accounting, Economics, or related field required
- Foundational understanding of Commercial Real Estate financing gained through successful completion of Real Estate focused coursework, internships, extracurricular activities, or professional experience preferred
- Exceptional written and verbal communication skills required
- Intermediate Microsoft Office skills required, advanced financial and data manipulation functions in Microsoft Excel preferred
- Ability to review and analyze complex financial documents
- Broad intellectual curiosity including the ability and desire to grow professionally
JOB EXPECTATIONS
- Monthly domestic travel is required for this position
- This is a full-time position. Regular and reliable attendance required.
BENEFITS
We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.
#LI-BS1
Make your next move an expert one and join us as we lead the industry into the future.
Direct applicants only please, no agencies.
Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact [email protected]
Date Posted
09/12/2024
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