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Underwriter

  • Full Time, onsite
  • Limekiln Real Estate Investment Management, LP
  • New York City Metropolitan Area, United States of America
Salary undisclosed

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  • Responsible to work on deals in active UW as well as assisting in the securitization process by reviewing top 10 write-ups, agency cash flows and haircut calls
  • Responsible for taking notes during pre-screen IC to capture all credit committee commentary and questions
  • Participate and take notes on UW status calls for active deals
  • Tracks due diligence along with the Deal Team
  • Assist in writing sections of the Asset Summary Report (ASR)
  • Review UW package, ASR, cash flows, sensitivity analysis
  • Assist in market due diligence, appraiser and engineer calls, rent and sales comp analysis
  • Perform site inspections
  • Participate in internal UW calls
  • Prior to closing, ensuring all diligence is appropriately saved down for proper hand-off to Asset Management
  • Be the first "line of defense" as diligence is coming in and appropriately raise any perceived red flags to Senior Underwriters
  • Confirm Guarantor liquidity, NW and SREO
  • Review org structure and organizational documents to confirm control parties/key principals and KYC search requirements.
  • Provide legal with blanks/brackets/exhibits/schedules in the loan documents.
  • Assist in monitoring the insurance process, providing updates, and moving the process forward.
  • Confirm collections and reconcile bank statements, source financials, collection reports, etc.
  • Review internal sizing model for appropriate input of source financials and rent rolls
  • Create list of financial variance questions and monitor responses
  • Present strengths, risks/weaknesses, mitigants and structural recommendations to Senior Underwriters.