Company: New York Community Bank
Posted on: November 22, 2021
EDUCATION AND EXPERIENCE
Bachelor's degree required, preferably with a major in Business
Finance or Accounting. Graduate degree in Finance, Accounting, or
Real Estate a plus. Minimum four years solid Commercial Real Estate
/ Multifamily Mortgage Underwriting experience required.
KNOWLEDGE, SKILLS AND ABILITIES
Strong comprehension of financial statements. Solid understanding
of financial principles and various methods for property valuations
(i.e. Discounted Cash Flows, Direct Capitalizations, GRM's, Sales
Comparisons). Strong familiarity with more complex real estate
structures such as leaseholds, cond-ops, wraps, and larger
commercial credits. Excellent analytical and assessment skills. PC
literate with working knowledge of MS Office Word, Excel,
Powerpoint and database management skills. Strong attention to
detail. Excellent customer service skills. Ability to work well
individually and within a team environment. Strong ability to
multi-task and manage a high volume workload accurately and
NEW YORK COMMUNITY BANK.
Based in Hicksville, NY, New York Community Bank is a New York
State-chartered savings bank serving customers throughout Metro New
York, New Jersey, Ohio, Arizona and Florida. New York Community
Bank serves customers through over 200 branches featuring a
divisional structure: Queens County Savings Bank, Roslyn Savings
Bank, Richmond County Savings Bank, Roosevelt Savings Bank and
Atlantic Bank in New York; Garden State Community Bank in New
Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and
Arizona. With a longstanding reputation of strength, stability and
service, NYCB is proud to be committed to the communities it
To learn more about the NYCB Family of Banks visit us at .
Help recruit top talent for NYCB through the employee referral
program. All NYCB employees are encouraged to submit referrals.
Locate top talent right in the community where you live, work and
play. Amazing individuals are all around be sure to let them know
how they can become a part of the NYCB family.
NYCB is an equal opportunity employer that prohibits discrimination
on the basis of race, color, age, sex, national origin, ethnicity,
religion, marital status, disability, military status, veteran
status, domestic violence victim status, gender identity or
expression, sexual orientation, genetic information and any other
classification protected by applicable federal, state, or local law
This policy against discrimination applies to all terms and
conditions of employment including, but not limited to: recruitment
and selection, promotion and demotion, transfer, training and
development, compensation, benefits, leaves of absence and
termination. NYCB will consider reasonable accommodations for
employees and applicants with disabilities, as well as
accommodations that are necessary for an employee to practice their
religious faith. JOB SUMMARY
Responsible for underwriting, analyzing and evaluating of the most
complex multi-family and commercial real estate loan transactions.
Reviews credit reports, property appraisals, income tax returns and
other financial information to conduct proper due diligence on loan
applicants. Responds to regulatory and internal audit inquiries to
ensure proper compliance. Regular contact with internal departments
and outside brokers and attorneys required.
Reviews property operating statements and prepares property
valuations and cash flow analyses for various types of income
producing properties utilizing bank models. Reviews publicly
available information for comparison to historical property
expenses (i.e. Real Estate Tax Assessments, water and sewer bills,
etc.) and current property details/condition. Reviews appraisals
for conformity with initial loan sizing, underwriting and
consistency. Prepares and structures written loan committee
presentations to ensure compliance with established policies and
procedures. Analyzes the creditworthiness of potential borrowers
using credit reports, financial statements, income tax returns,
organizational documents, payment histories for existing loans,
etc. Serves as liaison between loan officer and mortgage broker /
borrower. Prepares daft loan commitments and loan commitment
modifications for review by a Mortgage Lending Officer.
Keywords: New York Community Bank, Hicksville , Underwriter III, Accounting, Auditing , Hicksville, New York
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