Commercial Real Estate Loan Officer, VP Commercial Real Estate Loan Officer, VP …

State Street Corporation
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
in Boston, MA, United States
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
Commercial Real Estate Loan Officer, VP
Global Credit Finance
Global Credit Finance (GCF) is the lending division of State Street. The division's mandate is to attract, support and retain bank clients through the use of our balance sheet and strong rating, and to add income and diversification to State Street's portfolio of on and off balance sheet investments. GCF is comprised of five product groups including Fund Finance, Leveraged Loans, Commercial Real Estate Lending, Stable Value Wrap, and Municipal Finance. The Commercial Real Estate Lending team provides term loans secured by first lien mortgages on commercial real estate properties to mostly institutional clients.

Responsibilities
The candidate will join the Commercial Real Estate lending team within State Street's Global Credit Finance division to grow and manage a portfolio of commercial real estate mortgage loans. The team is responsible for sourcing, underwriting and closing real estate loans secured by office, retail, multi-family, industrial, and hospitality properties.
Responsibilities include:
  • Performing credit and risk assessment of borrowers' financial and business background
  • Performing credit and risk assessment of the real estate collateral including property economics and market analysis
  • Evaluating loan opportunities by its structure, legal documentation and pricing in accordance with our credit risk appetite
  • Preparing financial projections and underwriting memoranda for credit approval
  • Participating in the closing of all approved loans
  • Performing annual credit review and monitoring loans for problems, and recommend workout and recovery solutions for non-performing or defaulted loans
  • Coordinating workflow with other departments and stakeholders within State Street


Qualifications

  • Bachelor's degree and Master's degree in business, finance, accounting or related field
  • Minimum of 10 years experience as a commercial real estate loan officer, preferably at a life insurance company, with specific experience in commercial real estate lending
  • Completion of a credit analyst training program from a major institution preferred
  • Previous experience working with credit risk analysis and commercial real estate loan underwriting
  • Ability to interpret policies and procedures
  • Have good understanding of commercial real estate legal framework, and loan agreement and other supporting legal documents
  • Experience with Excel and/or Argus valuation software
  • Strong interpersonal skills
  • Strong verbal and written communication and presentation skills
  • Capacity to work independently and motivation to achieve goals with minimal supervision
  • Ability to participate productively as part of a team

Company Overview

From technology and product innovation to corporate responsibility and community development, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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