Underwriting Analyst (Commercial Real Estate)

Are you looking for the opportunity to make an impact?

Berkadia’s mortgage banking platform is consistently ranked among Fannie Mae, Freddie Mac and HUD’s top lenders and is seamlessly integrated with our investment sales and servicing platforms to provide superior client service. Let the strongest research, technology, capital relationships, and a nationwide network of industry professionals propel you to the next stage of your commercial real estate career. Be Backed by the Best. Be Berkadia.

The Underwriting Analyst PLG is responsible for analyzing and underwriting potential credit risk for Proprietary Lending Program (PLG) deals at the principal, property, market, and loan levels for multifamily and commercial deals, focusing on sizing and underwriting as assigned. Additionally, if the application is accepted, the analyst collaborates with third-party vendors to complete reports and works with mortgage bankers to finalize bridge financing.

We Innovate to shape the future of CRE, so in this role you will:

• Complete or send due diligence materials to GPO to populate the PLG templates and respond to inquiries from the MBs or GPOs.


• Analyze and review borrower credit information, third-party reports, and property financial and physical data to assess deal viability.


• Conduct site inspections to evaluate the market competitiveness of proposed collateral and determine the economic feasibility of projected income streams.


• Prepare underwriting narratives and independent cash flow value estimates for large, complex transactions, including multifamily, office, retail, and construction loans.


• Present recommendations and key documentation (term sheets, applications, commitments, credit memos, etc.) to the Senior Underwriters and appropriate approval committees.


• Maintain consistent communication with the company's Senior Directors and, as requested, with the mortgage banking network, managing borrower clients through the approval and closing processes.


• Collaborate with loan officers, loan closers, and legal counsel to advance loan requests through approval and closing, as directed by the Senior Directors/SVPs Credit.


• Conduct and participate in customer meetings, site inspections, and conference calls as directed by the Senior Directors/SVPs Credit.


• Possess detailed knowledge of CRE and multifamily underwriting, including cash flow forecasting and experience in reviewing and approving engineering and environmental reports, zoning reports, and appraisals.


• Other duties as assigned.

We Stand for Excellence, so to achieve success in this role you should have:

• Strong written and verbal communication skills.


• Ability to work effectively in a team and adapt to a rapidly changing environment.


• Ability to maintain confidentiality and adhere to organizational policies and procedures.


• Strong attention to detail, accuracy, and consistency.


• Advanced technical skills in Microsoft Office Suite, with experience in Salesforce and SharePoint.


• Bachelor's degree in Real Estate/Finance Preferred 


• 0-3 years of experience in a similar position or internship 

We believe People Matter, so we offer benefits that go beyond:

• Monthly paid volunteer hours and donation matching to benefit our communities 


• Employee Resource Groups that help you grow with us


• Fertility and family planning services  


• Up to 12-weeks of fully paid parental leave   


• Mental health care, including free counseling sessions:  


• We'll help you fund your learning journey with generous tuition reimbursement 


• Pet insurance discounts 


• And more! 

Be the Next Big Thing. Be Berkadia.

#LI-HG1 #LI-Hybrid

Berkadia, as an equal opportunity employer, celebrates our employees’ unique differences, which we believe drives personal and company-wide innovation and creates a people-first culture where your career can take the long view. To achieve these goals, we are committed to the full inclusion of all qualified individuals, without regard to race, religion, age, color, national origin, gender, sexual orientation, gender identity or expression, marital status, domestic partner status, military and veteran status, disability, pregnancy, parental status, genetic information, political affiliation, or any other status protected by federal, state and local laws.   

In keeping with our commitment, Berkadia takes the necessary steps to provide a workplace free from harassment and discrimination, as well as access and reasonable accommodations for individuals with disabilities. If you require reasonable accommodation to take part in the interview process, please contact [email protected].

You have rights under Federal and State employment laws. No question in this Application is intended to elicit information in violation of any such law, nor will any information obtained in response to any question be used in violation of any such law. If you apply for this role, you are acknowledging Berkadia's Application Policy and Berkadia's Privacy Policy. Please click the following links for more information about: EEOC, Employee Rights under the FMLA, EPPA.