Commercial Real Estate (CRE) Senior Underwriter
$124,355–$146,300 year
On-siteLos Angeles, California, United States
Job Summary
Manage portfolio risk by ensuring timeliness and accuracy of all credit actions, providing guidance on credit structure and risk rating decisions, and participating in pre-flight discussions. Underwrite new originations and portfolio exposures across a broad range of CRE asset classes, analyzing borrower financials, property cash flows, collateral valuation, and market conditions to prepare comprehensive written credit analyses. Support existing property transactions and ground-up construction projects, including budget monitoring and monthly draw reviews, while assisting with deal originations up to $750MM. Coordinate with Credit, Loan Administration, and other groups to streamline workflows and promote consistent quality in credit documents. Monitor assigned portfolios by preparing quarterly trend analyses, covenant compliance testing, and risk assessments, proactively identifying emerging issues to communicate to stakeholders.
Required Qualifications
- Bachelor's degree, or equivalent work experience
- Five or more years of commercial lending experience
- Location expectations: working from a U.S. Bank location three (3) or more days per week
- This position is located in Los Angeles, CA
- Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies
Desired Qualifications
- Strong foundation in CRE underwriting across multiple property types (cash flow, valuation, sponsor analysis, structure, and covenants)
- Experience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committees
- Strong analytical and technical writing skills; able to translate complex sponsor/tenant/technical diligence into clear credit narratives
- Strong verbal and written communication skills, with the ability to collaborate across origination, portfolio management, credit risk, and technical advisors
- Comfort operating with accountability—independently driving analyses while partnering closely with Relationship Managers, Portfolio Managers, and Credit Approvers
- Familiarity with banking credit policy, loan documentation concepts, and CRE underwriting processes (construction, bridge, term, and portfolio facilities)
- Advanced proficiency in Microsoft Excel (cash flow modeling and scenario analysis) and the broader Microsoft Office Suite
- Experience with nCino, CoStar, and/or other CRE platforms
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