Senior Underwriter IV – Team Lead

New York, New York
Kforce Finance and Accounting

RESPONSIBILITIES:

Kforce’s client, a financial services firm in New York, NY is seeking a Senior Underwriter IV – Team Lead. Summary: The candidate is responsible for overseeing an underwriting team for the firm’s Multifamily platform, specifically for Government Sponsored Entities. The incumbent will also perform other duties as necessary to support the goals and objectives of the Multifamily platform and work directly with originators, the Chief Underwriter and Credit oversight to structure transactions for loan application and approval. Responsibilities:

• Navigates deals through the underwriting process
• Correctly identifies all waivers/risks associated with the transactions and provides mitigated recommendation
• Presents ideas for policy and process improvements to their manager
• Review work of Senior Underwritings assisting on deals and prescreens
• Interprets Fannie Mae/Freddie Mac product sheets and underwrites all transaction types, including fixed, floating, supplementals, MHC’s, etc.
• Structure and underwrite complex credit facilities in a manner which achieves the Bank’s profitability goals while staying within the company’s risk parameters
• Review underwriter loan approval presentations for approval and\or submit recommendations and/or approve
• Partner with Closing and outside counsel in the review and approval of loan documentation to ensure the documents meet agreed-upon business terms and satisfy the specific requirements of the appropriate credit approval authority
• Remain up to date on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliance
• Partner with Portfolio Management to proactively manage the loan portfolio to identify and address problems to produce timely loan modifications and risk rating changes, as appropriate
• Mentor and train team leads and senior underwriters

Job Requirements:

REQUIREMENTS:

• Bachelor’s degree or Military experience
• 7+ years of experience in Multifamily Agency lending
• 5+ years of experience in Fannie Mae or Freddie Mac Multifamily underwriting
• 5+ years of experience managing a team of five or more
• Fully understands the procedural aspect of underwriting Agency Loans from application to delivery and can accurately detail this out to stakeholders within the deal team
• Ability to underwrite complex transactions with complicated borrower structures and unique property/market characteristics

Kforce is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, or disability status.