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Commercial Real Estate Senior Analyst

Employment
Full Time
Real Estate Fields
Location
New York
 NY
Postal Code
10020
Country
United States

This job is no longer active.

Description


First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

Overview

To assist 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.  

Responsibilities

  • 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, Excel and Argus.
  • 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. 

 

Qualifications

  • Candidate should be a college graduate with a minimum of one to two years of Commercial Real Estate experience.

 

Mental/Physical Requirements

  • The ability to learn and comprehend basic instructions; understand the meanings of words and respond appropriately; and perform basic arithmetic accurately and quickly
  • Vision must be sufficient to read data reports, manuals and computer screens.
  • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
  • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
  • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
  • May be required to travel in a limited capacity to key First Republic Bank locations including New York, Boston, LA, San Diego, Portland, and San Francisco.
 

Job Sectors


 

Experience


2+ to 5 years


This job is no longer active.

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