$65,000 – $74,000Full TimeEN
Make your next move an expert one.
At Colliers it’s not our success that sets us apart, it’s how we achieve it. Our people are passionate, take ownership and always do what’s right for our clients, people and communities.
Why Colliers?
Our enterprising environment needs your expertise to facilitate Colliers’ continued growth as an industry leader. Our nimble, decentralized culture can provide you with a wealth of opportunities to learn about our business and quickly gain experience to accelerate your career.
SUMMARY
Colliers is seeking an Underwriting Analyst to support our HUD/FHA underwriting team. Analysts in this role will assist our senior underwriting team from pre-underwriting analysis through the completion of the final Underwriter’s Narrative, including conducting in depth financial analysis, identifying strengths and weaknesses of prospective multifamily loans, and presenting their findings to our internal Loan Committee and Firm Application submissions to the U.S. Department of Housing and Urban Development.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Assist the HUD/FHA underwriting team in completing the prospective loan narrative and updating financial model with rent rolls, budgets, operating statements, and third-party report conclusions
Collaborate with the underwriting, production, and closing teams to determine deal timelines and identify challenges to prospective loans
Support the underwriting team in the credit review of prospective loans
Perform in-person property/site inspections and complete lease audits verifying property operations
Conduct market research to evaluate comparable properties and local market trends, utilizing tools such as CoStar and various third-party appraisal reports
Evaluate the strengths, weaknesses, and mitigants of prospective loans, while developing and maintaining a strong understanding of the HUD/FHA Multifamily Accelerated Processing and Office of Residential Care Facilities program guidelines
Recognizing and analyzing industry trends, including current economic conditions, interest rate environment, and demographic trends
Coordinate and compile Loan Committee packages and Pre-Application/Firm Application submissions
Other duties as assigned
REQUIRED EDUCATION AND EXPERIENCE
Bachelor’s Degree in Real Estate, Finance, Business, Accounting, Economics, or related field required
HUD/FHA or GSE/Fannie Mae DUS underwriting experience desired, but not a requirement
Foundational understanding of Commercial Real Estate financing gained through successful completion of Real Estate focused coursework, internships, extracurricular activities, or professional experience preferred
Exceptional written and verbal communication skills required
Intermediate Microsoft Office skills required, advanced financial and data manipulation functions in Microsoft Excel preferred
Ability to review and analyze complex financial documents
Broad intellectual curiosity including the ability and desire to grow professionally
JOB EXPECTATIONS
Monthly domestic travel is required for this position
This is a full-time on site position. Regular and reliable attendance required.
COMPETENCIES
Strong math, verbal, writing, and organizational skills
Strong Microsoft Excel and Word proficiency
Excellent attention to detail
Ability to recognize and mitigate risk
Ability to work independently and in teams
Ability to multitask and work on several transactions simultaneously
Strong time management skills and ability to operate under demanding deadlines
Strong leadership skills
BENEFITS
We offer a comprehensive benefits package for employees and their families including medical and dental plan; 401k plan including company matching; firm funded life and disability insurance.
Pursuant to the laws regarding job postings where the position is located in, Colliers is disclosing the following information:
Area/Location Specific: Minneapolis, MN
Approximate Salary Range for this Role: $65,000 - $74,000.
This role is also eligible for discretionary bonus.
Our compensation ranges are determined by role, level, and location. The range displayed on this job posting reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, indi
vidual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.
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Make your next move an expert one and join us as we lead the industry into the future.
Direct applicants only please, no agencies.
Colliers provides equal employment opportunity to all persons. No employee or applicant for employment will be discriminated against because of race, creed, origin, marital status, sexual orientation, age, otherwise qualified disabled or veteran status or any other characteristic protected by law. If you are a qualified applicant who requires reasonable accommodation to complete a job application, pre-employment testing, a job interview or to otherwise participate in the hiring process, please contact accommodations@colliers.com