Commercial Real Estate (CRE) Senior Underwriter

U.S. Bancorp
Los Angeles
Workplace: OnsiteFull timeUSD 124,355 - 146,300 annuallyFunction: Banking, Lending & CreditExperience: 5+ yearsEducation: bachelorsSkills: ["Analytical skills","Technical writing","Verbal communication","Written communication","Accountability"]

Underwrite new originations and portfolio exposures across commercial real estate asset classes, analyzing borrower financials, property cash flows, collateral valuation, sponsor strength, covenants, and market conditions. Prepare credit memoranda and supporting documentation, execute certain credit requests, and support term sheet preparation. Monitor and report portfolio risk through spreading, trend analyses, covenant compliance testing, and quarterly portfolio reviews while partnering with Credit and other risk partners.

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FursaFursa
U.S. Bancorp
U.S. Bancorp
4 days ago

Commercial Real Estate (CRE) Senior Underwriter

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Last checked: 4 hours agoStatus: Live

Job Summary

Underwrite new originations and portfolio exposures across commercial real estate asset classes, analyzing borrower financials, property cash flows, collateral valuation, sponsor strength, covenants, and market conditions. Prepare credit memoranda and supporting documentation, execute certain credit requests, and support term sheet preparation. Monitor and report portfolio risk through spreading, trend analyses, covenant compliance testing, and quarterly portfolio reviews while partnering with Credit and other risk partners.
Location: Los Angeles
Workplace: Onsite
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Underwrite new originations and portfolio exposures for a broad range of CRE asset classes.
  • •Analyze borrower financials, property cash flows, collateral valuation, sponsor strength, covenant sensitivities, and market conditions.
  • •Prepare clear written credit analyses and supporting documentation, and execute straightforward credit requests with limited supervision.
  • •Support existing and new transactions, including refinancings and ground-up construction, with budget monitoring and construction draw reviews.
  • •Monitor assigned CRE client portfolios by spreading financial statements, performing trend and covenant compliance testing, and communicating emerging risks to internal partners.

Pay and Benefits

Salary: USD 124,355 - 146,300 annually
Perks:Health InsuranceDentalVisionLife Insurance401kRetirementPaid LeaveParental Leave

Key Requirements

  • •Bachelor's degree, or equivalent work experience.
  • •Five or more years of commercial lending experience.
  • •Strong foundation in CRE underwriting across multiple property types, including cash flow, valuation, sponsor analysis, structure, and covenants.
  • •Experience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committees.
  • •Familiarity with banking credit policy, loan documentation concepts, and CRE underwriting processes (construction, bridge, term, and portfolio facilities).
Experience:5+ yearsCommercial lendingCommercial real estate (CRE)
Education:Bachelor's
Skills:Analytical skillsTechnical writingVerbal communicationWritten communicationAccountability
Tech Stack:Microsoft ExcelMicrosoft Office SuiteNCinoCoStar

Company Brief

U.S. Bancorp
U.S. Bancorp is the parent company of U.S. Bank, providing consumer, business, and institutional banking services including lending, payments, treasury management, wealth management, and merchant solutions across the United States.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Minneapolis, United States
Founded: 1863
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