Commercial Real Estate Underwriting Associate - Hyderabad, India - WELLS FARGO BANK

WELLS FARGO BANK

Verified Company

Hyderabad, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Description:

About this role:

Wells Fargo is seeking a Commercial Real Estate Underwriter.

In this role, your responsibilities include, but not limited to:

Responsible for evaluating financial performance of borrower / guarantor based on a variety of factors and determining an appropriate risk rating, both qualitative and quantitative. This would include review of financial statements and compare it against CRE guidelines.
Analyzing historical cash flows and developing proforma based on historical performance of the property and relevant market data.
Evaluate existing leases within the property to determine possible impact on cash flows by reviewing for pertinent clauses, such as termination options / go dark.
Review loan documents and summarize salient facts of the loan and ongoing covenants (both financial and nonfinancial) to be maintained by the borrower.
Review third party documents, such as appraisal, site inspection report, property condition assessment report to infer overall performance of the property and identify significant factors which may impact asset.
Document and synthesize all of the findings based on above mentioned reviews.
Quality check of work performed by junior team members and provide appropriate feedback on the same.
Understand the feedback received from the onshore team members and disseminate the same to the team.
Provide training to the team members and educate them on different scenarios.
Effectively communicate with Underwriters and Asset Managers and make sure to deliver the desired output.
Present recommendations for resolving more complex situations and exercise independent judgement while developing expertise in the function, policies, procedures, and compliance requirements
Collaborate and consult with Commercial Real Estate Underwriting colleagues, internal partners, and stakeholders, including internal and external customers

Desired Qualifications:

4 to 6 years of overall experience in commercial real estate industry.
Ability to read, comprehend and synthesize data regarding property performance / market related information from multiple sources into one prescribed template.
Knowledge of mortgages, real estate market, and financial lending.
Sound understanding of commercial credit analysis techniques including cash flow analysis, financial concepts and valuation of collateral.
Good knowledge with excel skills.
Excellent communication skills, with good comprehension and business writing skills.
Analytical bent of mind and ability to draw pattern from discrete set of data.
Master Degree in Accounting, Finance, Economics
Any professional Finance/Accounting/Economics certification would be a plus

Job Expectations:

Ensure that all the subprocess SLAs are met
Ensure that all the procedure manuals, process maps are upto date
Work Tracking and Equitable Assignment
Develop understanding of the business beyond task / process based knowledge
Share Best Practices with team.
Proactive idea generation in automation / efficiency opportunities
Contribute towards Hard Dollar Save projects / Risk Reduction project, efficiency project
Overlook the training process.
Conduct functional trainings for TMs.
Promptly answer all queries / questions from onshore.
Actively participate in all Team Meetings / Huddles
Participate in all applicable Org/Function level town halls

We Value Diversity

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company.

They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions.

There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.