Location: Raleigh, NC
Company: First Carolina Bank
property cash flow of commercial real estate income producing properties. · Underwrite commercial real estate loan requests for all property types including multi-family, office, retail, industrial, self-storage, and hospitality. · Analyze market conditions and trends in the commercial real estate industry.
· Prepare Annual Reviews for credit relationships with total credit exposure in excess of $1MM. · Collaborate with Commercial Bankers to discuss new and existing loan relationships and pending loan requests with approved term sheets. · Review credit files to assist in the preparation of both internal and external audits and assist with loan covenant compliance and other portfolio servicing
duties. · Complete additional projects, reports, and assignments given by management Authority, Impact, Risk: · Mitigate credit risk with accuracy in underwriting and reporting.
· Ensure that the Bank's strategy and appetite are adhered to when backssing properties and loan requests. · Perform Annual Reviews on individual credits $1MM and above to monitor financial performance and covenant compliance. · Work as a team player to assist Commercial Bankers with underwriting workflow and portfolio servicing. Key Relationships: · Routine interaction with the Commercial Real Estate team, other Commercial Bankers, and the Chief Risk Officer. · Occasional interaction with Loan Operations and
Retail Bankers as necessary Managerial Accountability: · N/A Working Conditions: · Effectively communicate and collaborate with a variety of teammates.
· Provide consistent and accurate analysis. · Meet deadlines set by management. · Multi-task as needed. Time Allocation: · Underwriting Credit …………………….55% · Annual Reviews…………………………….25% · Global Cash Flow Analysis ……….……15% · Other duties as needed………………….5% Job Specifications: Position adheres to confidentiality policy, code of ethics and knowledge of Bank Secrecy Act and best practices and other pertinent Regulatory laws and regulations. Required: · Four Year Bachelor's Degree. · Prior work experience in Commercial Real Estate underwriting with the ability to evaluate property specific cash flow as the primary source of loan repayment and secondary sources of repayment to include collateral analysis as well as personal and global cash flow analysis.
· Understanding of portfolio management tasks to include loan covenant monitoring and risk ratings. · Ability to work independently, multi-task, and meet deadlines Risk Management Requirements: Understands and adheres to Workplace Policies, Code of Conduct, privacy, and information security guidelines. Understands and adheres to Anti-Money Laundering, Bank Secrecy Act, and Compliance with the USA PATRIOT Act policies and procedures applicable to position, completing any supporting requirements within defined timeframes.
Acts within authorized limits and delegated authorities and role applicable policies and procedures. Follows processes and controls to protect shareholder interests. Mitigates risk to the bank and customers by following all applicable security procedures. Equal Opportunity Employer including Veterans/Disabilities
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