Underwriting Analyst

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Assist the HUD/FHA underwriting team in completing the prospective loan narrative and updating financial model with rent rolls, budgets, operating statements, and third-party report conclusions

• Collaborate with the underwriting, production, and closing teams to determine deal timelines and identify challenges to prospective loans

• Support the underwriting team in the credit review of prospective loans

• Perform in-person property/site inspections and complete lease audits verifying property operations

• Conduct market research to evaluate comparable properties and local market trends, utilizing tools such as CoStar and various third-party appraisal reports

• Evaluate the strengths, weaknesses, and mitigants of prospective loans, while developing and maintaining a strong understanding of the HUD/FHA Multifamily Accelerated Processing and Office of Residential Care Facilities program guidelines

• Recognizing and analyzing industry trends, including current economic conditions, interest rate environment, and demographic trends

• Coordinate and compile Loan Committee packages and Pre-Application/Firm Application submissions

• Other duties as assigned

REQUIRED EDUCATION AND EXPERIENCE

• Bachelor's Degree in Real Estate, Finance, Business, Accounting, Economics, or related field required

• HUD/FHA or GSE/Fannie Mae DUS underwriting experience desired, but not a requirement

• Foundational understanding of Commercial Real Estate financing gained through successful completion of Real Estate focused coursework, internships, extracurricular activities, or professional experience preferred

• Exceptional written and verbal communication skills required

• Intermediate Microsoft Office skills required, advanced financial and data manipulation functions in Microsoft Excel preferred

• Ability to review and analyze complex financial documents

• Broad intellectual curiosity including the ability and desire to grow professionally

JOB EXPECTATIONS

• Monthly domestic travel is required for this position

• This is a full-time on site position. Regular and reliable attendance required.

COMPETENCIES

• Strong math, verbal, writing, and organizational skills

• Strong Microsoft Excel and Word proficiency

• Excellent attention to detail

• Ability to recognize and mitigate risk

• Ability to work independently and in teams

• Ability to multitask and work on several transactions simultaneously

• Strong time management skills and ability to operate under demanding deadlines

• Strong leadership skills

BENEFITS

We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.

Pursuant to the laws regarding job postings where the position is located in, Colliers is disclosing the following information:

Area/Location Specific: Minneapolis, MN

Approximate Salary Range for this Role: $65,000 - $74,000.

This role is also eligible for discretionary bonus.

Our compensation ranges are determined by role, level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, indi

vidual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.

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