Associate Transactions Underwriter in Overland Park, KS at Key Bank- Corporate

Date Posted: 8/26/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    11501 Outlook Street
    Overland Park, KS
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    8/26/2019

Job Description

ABOUT THE JOB

Underwrite low to moderately complex borrower requests for lender consent on actions pertaining to loans secured by commercial real estate. Underwriting will include quantitative and qualitative analysis of legal documents, property financial statements, rent rolls, real estate collateral and management experience. Transactions recommended for approval must conform to the terms of existing loan documents and loan servicing agreements. Transactions types include, but are not limited to Partial Releases, Easements, Alterations to Collateral, and Property Management Changes.

*This position may be filled at a job grade 78 or 80 based on the selected candidate's background and experience*

ESSENTIAL JOB FUNCTIONS

  • Evaluate less complex borrower requests in conjunction with the loan documents and Pooling and Servicing Agreement (PSA).
  • Prepare a written case memorandum for each transaction to identify and mitigate potential risks to Lender, evaluate and recommend approval of those transactions which are in the best interest of the Lender.
  • Verify the applicable terms of the loan documents and servicing agreements and provide qualitative and quantitative analysis of applicable factors including property operating statements, property management/leasing, rent rolls, and borrower structures.
  • Communicate with closers, borrowers, legal counsel and other third parties to negotiate, document, and close proposed transactions.
  • Submit case write-ups to the Company’s internal authorized signers for approval, as well as third parties with approval rights per the servicing agreements.

REQUIRED QUALIFICATIONS

  • Bachelor’s degree in accounting, finance or related discipline, or equivalent job-related experience
  • A minimum of 2 years experience in CMBS loan analysis and/or asset management
  • Proven analytical skills, and demonstrated competency in reviewing and analyzing financial statements
  • Excellent verbal, written and interpersonal communication skills and the ability to build productive working relationships at all levels of the organization, as well as outside contacts and clients
  • Ability to manage and prioritize multiple tasks in a high volume environment
  • Computer literacy including good working knowledge of Excel, Word, and Access software programs, and the technical competency to become quickly versed in other systems

PREFERRED QUALIFICATIONS

  • Experience in real estate which may include underwriting, closing, credit analysis, loan servicing, or special servicing


FLSA STATUS:Exempt

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

37329BR

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