Senior Analyst – Commercial Real Estate team

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

Job Description

Uphold asset protection and sustain business growth through prudent credit analysis processes, support Relationship managers, analyzing and evaluating prospective commercial mortgage loans. Perform financial property analysis for the Commercial Real Estate portfolio in New York with high accuracy in a fast paced environment for both prospects and existing customers.

• Assist Relationship Managers with all aspects of initial sizing to closings.   Spread and analyze financial statements and other credit information for Relationship Managers
• Research credit worthiness using multiple resources and reports. Evaluate different loan types including land, construction, bridge and stabilized projects
• Work with appraisers, brokers, and online services to obtain and validate market information; and review leases and rent rolls, analyze sponsor/guarantor and/or major tenant financial wherewithal
• Work with multitude of asset classes including multifamily, retail, office, industrial and hotel.
• Work closely with Portfolio Management Team on load modifications, approvals, and waivers.
• Prepare preliminary investment committee materials
• Ensure that all work processed meets audit and compliance requirements

Qualifications

Qualifications

• Minimum 3 years’ experience in a commercial real estate credit evaluation environment.
• Knowledge of Income Producing Real Estate property phases, i.e., Construction, Lease-Up  and Stabilized.
• BS degree in Accounting / Finance or business-related field
• Working knowledge of commercial credit systems as well as corporate financial systems (i.e., Loans and Deposit Balances, Collateral & Doc Tracking). 
• Proficient in Excel including the ability to perform cash flow analyses and create financial models. Working knowledge of Argus a plus.
• Excellent research and analytical capabilities
• Strong interpersonal,  verbal and written communication skills
• Familiarity with legal documentation is a plus
• Team player – positive “can do attitude”

Additional Information

Compensation:

The expected annual salary for this position is between $100,000-120,000 annually at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the B