Commercial Real Estate Credit Analyst

Company: Kforce
Location: Kensington
Posted on: March 19, 2023

Job Description:

A Kforce client is seeking to hire a Commercial Real Estate Credit Analyst in Kensington, Maryland (MD).Responsibilities include:* Monitors the queue for commercial loan applications and follows up with applicants for the purpose of receiving required application materials* Analyzes a loan applicant's credit worthiness including an applicant's character, capacity, collateral, capital and economic conditions; Reviews credit bureau reports and credit score* Verifies information included on loan application as necessary, and makes a recommendation to the account officer or loan committee to approve or deny a loan* Documents reason for a denied loan and issues written adverse action letters to applicants within thirty days of application receipt* Fully conversant in all aspects of the commercial loan policy and lending processes* Consistently applies standard underwriting practices to all credits, yields clear, and concise risk measures for consideration by senior management* Prepares loan presentation sheets, credit memos (both for initial credit evaluation and periodic credit review) draft term sheets, and commitment letters for account officer signature* Reviews legal documents for adherence to approved loan terms and tracks all post-account exceptions to assure timely receipt and execution of all documents, policies, agreements, escrows, or other items required per the loan approval and policy* Assigns and recommends risk ratings to each credit at completion of underwriting, during annual credit reviews, and upon identification of material adverse credit condition that impair or threaten to impair repayment capacity* Prepares and issues third party engagements for appraisal, Phase I, PCA reports, and performs report reviews as appropriate* Associate's degree in Business or related field of study* 5-8 years of experience in approving credit or an equivalent combination of experience and education* Experience with analyzing commercial real estate mortgage loans and construction and rehab lines of credit up to $15,000,000* Understanding and training in formal appraisal and ESA report evaluation and analysis* Knowledge of construction draw administration and evaluation* Knowledge of legislation, regulations, policies, and procedures pertaining to lending practices* Basic understanding of the collection process* Complete knowledge of spreadsheet preparation, narrative underwriting, credit memo preparation, and formattingThe pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. This range may be modified in the future.We offer comprehensive benefits including medical/dental/vision insurance, HSA, FSA, 401(k), and life, disability & ADD insurance to eligible employees. Salaried personnel receive paid time off. Hourly employees are not eligible for paid time off unless required by law. Hourly employees on a Service Contract Act project are eligible for paid sick leave.Note: Pay is not considered compensation until it is earned, vested and determinable. The amount and availability of any compensation remains in Kforce's sole discretion unless and until paid and may be modified in its discretion consistent with the law.This job is not eligible for bonuses, incentives or commissions.Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.*Compensation Type:*Years*Minimum Compensation:*70000.00*Maximum Compensation:*122000.00

Keywords: Kforce, Washington DC , Commercial Real Estate Credit Analyst, Professions , Kensington, DC