Construction Underwriter
$85,000–$100,000 year
HybridBoston, Massachusetts, United States
Job Summary
Assess project feasibility, risk factors, and borrower creditworthiness using Company underwriting guidelines to recommend loan approval levels for projects valued between $3 million and $20 million. Prepare comprehensive documentation including risk assessments and loan conditions, while conducting site visits to verify progress and compliance. Develop sophisticated financial models and translate complex data into actionable insights to guide investment decisions and prioritize projects. Consult with Loan Officers and stakeholders to package solutions, monitor portfolio performance, and provide regular updates to senior management on asset health.
Required Qualifications
- BA/BS in construction management, finance, business, real estate, or a related field, or equivalent practical experience in construction management, financial analysis and project financing
- 3+ years of underwriting or risk assessment experience in construction lending within the banking industry
- Advanced knowledge of financial modeling techniques, and tools like Excel and financial software platforms
- Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite)
- Strong analytical and decision-making abilities
- Experience successfully multi-tasking and prioritizing work
- Experience consistently meeting deadlines in a fast-paced environment
- This role is on-site from Ascent's Boston office, Monday - Thursday (Fridays are work-from-home)
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