Senior Associate, Commercial Lender (Hybrid)

The work we do has an impact on millions of lives, and you can be a part of it.We help protect our customers against life’s uncertainties. Regardless of where you work within the company, you’ll be helping provide protection and peace of mind when our customers need it most.
The Commercial Mortgage Loan Division / Seniors Housing Division specializes in commercial real estate lending on a national basis to offer best-in-class financing solutions for Seniors Housing sponsors. We work with national and regional clients, including developers, investors, owners, operating companies, investment funds, and REITs (real estate investment trusts). A job description encompassing the requisite experience and primary duties of the Experienced Production Underwriter position is as follows:

Job Responsibilities:

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Assist in the preparation of underwriting and approval packages for new loan requests
• Independently perform extensive financial analysis of historical and pro-forma data, including analyzing property operating and rent roll trends, risk analysis, guarantor/sponsor analysis and market analysis
• Identify need for supplemental analysis and discussion, anticipating questions that will be raised during deal review and approval meetings
• Work with Borrowers and Mortgage Bankers in collecting all required underwriting documentation and monitor receipt of information to meet established target dates
• Participate in proposing appropriate structuring options with deal team
• Prepare written loan narrative (descriptions of the transaction, collateral, operating trends, market, borrower, sponsor, and guarantor) for credit approval
• Review and approve appraisals, environmental reports, property condition reports, regulatory compliance, and other necessary third-party reports
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• Work with producers and attorneys on the closing process, primarily as it relates to coordinating of due diligence / checklist information.
• Coordinate third-party site inspections, and in some cases travel to and complete site inspections independently.
• Stay up to date with industry trends to identify, asses, and anticipate risks.
• Work with attorneys and loan officers on the closing process, including loan documentation.
• Perform asset management duties in relation to the ongoing monitoring of the Seniors Housing portfolio including asset monitoring and completing offerings for extensions and modifications.
• Perform monthly and / or quarterly asset management duties on the Seniors Housing portfolio, which includes working directly with borrowers to obtain data and resolve issues.
• Responsible for maintaining reports used to track compliance data including financial statements, census information and licensure information.

Protective’s targeted salary range for this position is $100,000 to $120,000. Actual salaries may vary depending on factors, including but not limited to, job location, skills, and experience. The range listed is just one component of Protective’s total compensation package for employees.This position also offers additional incentive opportunities [through an annual incentive based on individual and Company performance] OR [through cash compensation as part of a sales incentive plan (SIP).
Employee Benefits:  We aim to protect our employees' wellbeing through a broad benefits offering. For example, we protect physical wellbeing through health, dental and vision insurance. We protect mental wellbeing through mental health benefits and an employee assistance program. We protect time away from work with a variety of paid time away benefits (e.g., paid time off, paid parental leave, short-term disability, and a cultural observance day). We protect financial wellbeing through contributions to healthcare accounts, a pension plan, and a 401(k) plan with Company matching. All employees are encouraged to protect their overall wellbeing by engaging in ProHealth Rewards, Protective’s platform to improve wellbeing while earning cash rewards.    Eligibility for certain benefits may vary by position in accordance with the terms of the Company’s benefit plans.
Diversity and Inclusion: At Protective, we are committed to providing an inclusive culture where all employees are able to fully contribute and thrive. Our goal is to grow and develop our people, attract diverse talent and support strong, diverse communities.
We support diversity, equity, and inclusion by working to develop a culture of inclusion and belonging led by leaders who develop potential and embrace unique skills and abilities. Our aim is to create an equitable and accountable environment for all leaders and employees that will drive performance and impact business strategy. In this way, we can increase overall diversity for leadership roles and pipelines of talent by maturing our hiring practices, robust deve