Genesis Capital LLC
Overview
Genesis Capital LLC is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust. Base pay range
$130,000.00/yr - $175,000.00/yr Direct message the job poster from Genesis Capital LLC Genesis Capital LLC is seeking a Senior Credit Underwriter to evaluate new lending opportunities, perform comprehensive credit analyses, and ensure strong credit quality in line with company policies and procedures. Responsibilities
Assess risk in the borrower’s business strategy, real estate projects, and investments. Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy. Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment capacity. Conduct market analyses and review real estate appraisals. Collaborate with Loan Officers and Relationship Managers to obtain required due diligence items. Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff. Present credit memorandums to Credit Management for review and approval. Analyze legal documentation to understand borrower structure and coordinate with Compliance for AML/KYC; review loan documents as needed. Mentor Credit Underwriters to develop strong credit skills. Perform other duties as assigned by management. Education and Experience
Must have bachelor’s degree; MBA preferred. Minimum 7+ years in Commercial Real Estate banking or private real estate lending, in underwriting, credit analysis or related experience. Experience in construction lending is a plus. Knowledge of complex real estate lending and loan structuring. Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation. Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis. Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation. Highly proficient/advanced in Excel, Word, PowerPoint, and database applications for pipeline management. Knowledge, Skills, and Abilities
Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective. Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation. Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines. Capable of leading or mentoring other team members when necessary. Ability to identify potential credit issues and appropriately escalate to management. Adapts to change in priorities and/or processes easily in a fast-paced work environment. Excellent interpersonal, negotiation, presentation, oral, and written communication skills. By applying for this position, the candidate acknowledges that this is not a remote role and is required to be on-site. Seniority level
Associate Employment type
Full-time Job function
Administrative, Finance, and Customer Service Inferred from the description for this job
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Genesis Capital LLC is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust. Base pay range
$130,000.00/yr - $175,000.00/yr Direct message the job poster from Genesis Capital LLC Genesis Capital LLC is seeking a Senior Credit Underwriter to evaluate new lending opportunities, perform comprehensive credit analyses, and ensure strong credit quality in line with company policies and procedures. Responsibilities
Assess risk in the borrower’s business strategy, real estate projects, and investments. Prepare credit memorandums outlining the lending opportunity, key risks, mitigating factors, project/borrower/guarantor analysis, and credit advocacy. Perform credit analysis evaluating the applicant’s credit worthiness, financial strength, and loan repayment capacity. Conduct market analyses and review real estate appraisals. Collaborate with Loan Officers and Relationship Managers to obtain required due diligence items. Work with all Genesis departments including sales, loan operations, valuations, accounting, construction, and other support staff. Present credit memorandums to Credit Management for review and approval. Analyze legal documentation to understand borrower structure and coordinate with Compliance for AML/KYC; review loan documents as needed. Mentor Credit Underwriters to develop strong credit skills. Perform other duties as assigned by management. Education and Experience
Must have bachelor’s degree; MBA preferred. Minimum 7+ years in Commercial Real Estate banking or private real estate lending, in underwriting, credit analysis or related experience. Experience in construction lending is a plus. Knowledge of complex real estate lending and loan structuring. Industry knowledge of credit and financial analysis fundamentals, including cash flow analysis, balance sheet analysis, tax returns, profitability, liquidity, solvency analysis and real estate valuation. Financial modeling techniques and preparation of pro-forma financial statements and NOI/DSCR analysis. Knowledge of credit underwriting policies, procedures, processes, collateral valuation, and documentation. Highly proficient/advanced in Excel, Word, PowerPoint, and database applications for pipeline management. Knowledge, Skills, and Abilities
Rely on strong underwriting experience and judgment to make decisions, read and interpret data from a micro and macro perspective. Ability to consolidate information from many sources to identify risks, conduct analysis and articulate a concise recommendation. Ability to manage multiple tasks concurrently and prioritize workload to meet deadlines. Capable of leading or mentoring other team members when necessary. Ability to identify potential credit issues and appropriately escalate to management. Adapts to change in priorities and/or processes easily in a fast-paced work environment. Excellent interpersonal, negotiation, presentation, oral, and written communication skills. By applying for this position, the candidate acknowledges that this is not a remote role and is required to be on-site. Seniority level
Associate Employment type
Full-time Job function
Administrative, Finance, and Customer Service Inferred from the description for this job
#J-18808-Ljbffr