Commercial Real Estate Underwriting Associate

Wells Fargo is seeking a Commercial Real Estate Underwriting Associate.The analyst will be supporting the Multifamily Capital Prescreening and Underwriting group and delivering the various product to the reviewer/onshore team as per the agreed quality.

In this role, you will:

• Participate in credit research and investigation of existing and prospective clients and counterparties under the direction of more experienced individuals within Commercial Real Estate Underwriting functional area

• Review basic issues, policies, or procedures for which answers can be quickly obtained, and are related to low to medium risk tasks and deliverables

• Receive direction from supervisor and exercise independent judgment while developing understanding of function, policies, procedures, and compliance requirements

• Collaborate and consult with Commercial Real Estate Underwriting managers, functional colleagues, and stakeholders, including internal as well as external customers

• Ability to analyze and process property financial statement and loan related documents (e.g. rent roll, historical operating statements, appraisal reports collections and budget)

• Monitoring and analyzing the property performance based on Tenants details, Property Cash Flows and provide the necessary recommendation to Prescreening/Underwriting team.

• Analyze and validate the loan documents and share all the inconsistencies to Reviewer/onshore as per the agreed procedure.

• Ability to work on multiple process and flexible to work beyond the work timelines to complete the tasks.

• Reviewing associate deals and providing timely feedback for team members.

• Closely working with Risk partners in respect to avoid/mitigate any loopholes in the process and always adhere to the company polices.

• Ability to work closely with onshore partners with respect to any escalations and resolve on ASAP basis.

• Prepare Performance Report for team members and Monthly & Weekly reports for onshore partners.

• Ability to groom new team members

• Uploading Freddie Mac and Fannie Mae closed loan documents in respective websites.

• Receives feedback openly from others post implementation of learning experience.

• Achieve/Exceed the set quality/productivity targets.

• Works with Manager in planning for the team – attrition / retention / DSO & QC lineup

Required Qualifications:

• 6+ months of Commercial Real Estate Underwriting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Overall experience in Multifamily Capital Prescreening and Pre - underwriting business.

• Underwriting mortgage experience in conventional & FHA products.

• Strong knowledge in Government Sponsored Entities (Fannie Mae and Freddie Mac) and their underwriting procedures.

• Strong Knowledge in Commercial Real Estate domain.

• Strong knowledge in 3rd party documents i.e., Appraisal, PCR, ESA, Flood Determination.

• Strong MS Excel, PPT, AI Tools are mandatory.

• Ability to accurately process high volumes of work within established deadlines

• Ability to work effectively as part of a team to meet targets

• Excellent English comprehension and written communication skills

• Flexibility towards work on different processes/assignments

• Master Degree in Accounting and Finance.

• Any professional Finance/Accounting/Economics certification would be a plus.