About this role
<div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:18.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Comm Credit Real Estate - NY</b></H2> </div><div><p style="text-align:justify"><span style="font-size:10.0pt;line-height:107%;font-family:verdana, geneva, sans-serif;color:#222222">We are looking for a senior Commercial Real Estate credit analyst to join our Commercial Banking Team in New York, NY. In this position you will be responsible for the support of quality loan origination and the full assessment of CRE credits associated with Multifamily Residential Mortgages, Mixed-Use Mortgages, Commercial Mortgages and Construction Loans. </span><br> </p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:18.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>In this position, you will:</b></H2> </div><div><ul> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Perform thorough evaluations on various types of commercial real estate of varying sizes, but mainly on assets greater than $10MM with most between $10MM to $40MM.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Work with Relationship Managers to resolve property/borrower issues that arise during the underwriting process.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Utilize financial models for real estate transactions and analyze the ratios and values produced by the models for preparation of credit approval memorandums.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Conduct reviews of third-party reports including appraisals completed by third-party appraisers and Environmental reports. Review appraisals for accuracy and communicate with the bank’s in-house appraiser (in charge of the bank’s appraisal process) to resolve deficiencies on the report with third-party appraisers.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Analyze loans relative to the loan structure, cash flow (historical and projected), rent rolls and leases, collateral, market/neighborhood, guarantor, and overall strengths and weaknesses of the deal. For construction loans, analyze the Development Project, Developer’s experience, Construction Budget and Engineer’s Plan and Cost Report, among others. </span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Provide opinions as to the creditworthiness of the Borrower and assess the Borrower’s appropriate risk rating based on the bank’s criteria.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Prepare well-organized, thorough, and concise written credit memorandums on new loans, renewals, extension, and modifications for approval. </span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Participate in weekly Credit Pipeline meeting to provide status on assigned deals. Assist in portfolio management activities such as completing Annual Financial Updates and Loan Management Reports on existing borrowers.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;font-family:verdana, geneva, sans-serif">Perform other underwriting related activities as directed by the Senior Credit Officer/Credit Officer including screening new deals, among others.</span><br><br></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:18.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>To be considered, you will need:</b></H2> </div><div><ul> <li style="font-family:verdana, geneva, sans-serif;font-size:10.0pt;color:black"><span style="font-family:verdana, geneva, sans-serif;font-size:10.0pt;color:black">Bachelor’s degree preferred. MBA or CFA a plus. </span></li> <li style="line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:#222222;font-family:verdana, geneva, sans-serif">Minimum 5-7 years of current experience in Commercial Real Estate Underwriting required. Construction underwriting experience a plus. C&I experience (with owner-occupied Real Estate) a plus.</span></li> <li style="line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:#222222;font-family:verdana, geneva, sans-serif">Computer literate; fluency in Microsoft Office programs, particularly Excel analysis required.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Strong verbal, written, and interpersonal skills.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Effective report writing and other written communication skills.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Detailed-oriented and organized.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Ability to solve problems, make decisions, juggle underwriting of multiple deals, prioritize tasks, and meet required deadlines.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Ability to highlight loan risks or any problems or questions during the deal underwriting phase and prior to finalizing the analysis.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Ability to make decisions quickly and confidently based upon the analysis.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Ability to work independently with minimal supervision.</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Clear verbal communication with internal customers as well as external customers and third-party participants (as needed).</span></li> <li style="color:#222222;line-height:15.0pt;background-color:white;font-size:10.0pt;font-family:verdana, geneva, sans-serif"><span style="font-size:10.0pt;color:black;font-family:verdana, geneva, sans-serif">Ability to establish and maintain effective work relationships both internally and externally.</span></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Base Salary & Benefits</b></H2> </div><div><p style="text-align:justify"><span style="color:black">Our base salary for this position located in New York City generally ranges between <strong>$125,000.00</strong> and <strong>$155,000.00</strong> annually, depending on business need and on your qualifications and experience. Base salary does not include incentive compensation, commission, or any other type of remuneration or benefits.</span></p> <p style="text-align:justify"><span style="color:black">In addition to salary, Popular's well-rounded benefits package for regular full-time and part-time employees includes a comprehensive health plan, flexible time off options, and savings and investment plans. Seasonal/temporary employees are not eligible for these benefits.</span></p></div></div></div><p style="text-align:justify"><strong>Important: </strong>The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.</p> <p><span style="font-size:12.0pt;font-family:Aptos, sans-serif">Our hybrid work model benefit applies to certain positions and is subject to changes based on the organizational needs.</span></p> <p>Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time.</p> <p style="text-align:center">ABOUT US</p> <p style="text-align:justify">Popular is Puerto Rico’s leading financial institution and have been evolving since it was founded over a century ago. From a small bank it has developed into a large corporation that offer a wide variety of services and financial solutions to our customers, with presence in the United States, the Caribbean and Latin America.</p> <p style="text-align:justify">As employees, we are dedicated to making our customers dreams come true by offering financial solutions in each stage of their life. Our extensive trajectory demonstrates the resiliency and determination of our employees to innovate, reach for the right solutions and strongly support the communities we serve; therefore, we value their diverse skills, experiences and backgrounds.</p> <p style="text-align:justify">We reaffirm our commitment to always offer essential financial services and solutions for our customers and communities, including during emergency situations and/or natural disasters. Popular’s employees are considered essential workers, whose role is critical in the continuity of these important services even under such circumstances. By applying to this position, you acknowledge that Popular may require your services during and immediately after any such events.</p> <p style="text-align:justify"><em>If you have a disability or need more information about requesting an accommodation, please contact us at <a href="mailto:[email protected]">[email protected]</a>. <strong>This email inbox is monitored for such types of requests <u>only</u></strong>. All information you provide will be kept confidential and will be used only to the extent required to provide needed exemptions or reasonable accommodations. Any other correspondence will not receive a response.</em></p> <p style="text-align:center"> </p> <p style="text-align:center"><span style="color:#a9a9a9"><strong>Are you ready for a rewarding career?</strong></span></p> <p style="text-align:justify"> </p> <p style="text-align:center"><strong>Popular is an Equal Opportunity Employer, including Disability/Vets </strong></p> <p style="text-align:center"><strong> Popular is a Drug Free Workplace</strong></p> <p style="text-align:center"><br>Learn more about us at <a href="http://www.popular.com" target="_blank" rel="noopener"><span style="color:#0066cc">www.popular.com</span></a> and keep updated with our latest job postings at <a href="http://www.jobs.popular.com">www.jobs.popular.com</a><em>.</em><br><strong>Connect with us!<br><a href="http://www.linkedin.com/company/banco-popular-de-puerto-rico" target="_blank" rel="noopener"><span style="color:#0066cc">LinkedIn</span></a> | <a href="http://www.facebook.com/popular/" target="_blank" rel="noopener"><span style="color:#0066cc">Facebook</span></a> | <a href="http://twitter.com/popular?lang=es" target="_blank" rel="noopener"><span style="color:#0066cc">Twitter</span></a> | <a href="http://www.instagram.com/popular.pr?igshid=ykmhge270ti5communitybank/" target="_blank" rel="noopener"><span style="color:#0066cc">Instagram</span></a></strong></p> <p style="text-align:center"> </p> <p style="text-align:center"><em>If you are a California resident, please <a href="https://documents.popular.com/pdfs/SERV/Privacidad_del_Consumidor_Residentes_California_ing.pdf?_gl=1*1oxhuzt*_ga*MTUwMTA5OTQ4Ny4xNjc2NDA1OTU0*_ga_WQNSS77ZYR*MTY3NzAxMTQ0MS41LjEuMTY3NzAxMTQ3OS4yMi4wLjA.&_ga=2.36448230.7705871.1676995212-1501099487.1676405954" target="_blank" rel="noopener">click here</a> to learn more about your privacy rights.</em></p> <p style="text-align:center"> </p>