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Conventus

New York, NY

Sr. Associate - Credit

Work Style
Hybrid
Experience
1-3 Years
Compensation
$105,000 - $150,000

About this role

We are seeking a detail-oriented and highly organized Senior Associate, Credit to join our team. This person will review bridge loans to assess credit risk and make recommendations on loan structure. The credit review of these loans involves an in-depth analysis of collateral value, borrower experience and creditworthiness, and transaction diligence. The ideal candidate should have real estate experience, be detail-oriented, highly organized, and have a genuine desire to go the extra mile for our customers. This is a fast-paced role in an ever-changing environment, so the ability to be flexible and adaptable is key to success. If you thrive on ownership, creativity, and collaboration, then this is the role for you. Responsibilities Analyze the value of residential investment properties before and after renovation/construction, with a focus on ground-up construction and multifamily Review borrower experience and ability to execute on proposed projects Proactively identify key risks and take action to mitigate them, ensuring Conventus’ strong loan performance. Core skillset in reviewing and structuring loans on new lot development / build to rent communities of single-family homes/ horizontal development projects Valuing vacant land and projecting after completion value for residential/multifamily properties Conduct research on real estate markets to provide a holistic view of target markets and submarkets Complete transaction diligence to reduce fraud risk Make recommendations on loan structuring to senior Credit team members Review and analyze third-party valuations for accuracy and submit disputes as needed. Support a positive and collaborative working environment, with flexibility and willingness to participate in process improvements and strategic growth initiatives. Communicate in a time-sensitive manner with Sales, Operations, Servicing, and Capital Markets teams regarding suitability and risk of live and funded loans. Maintain a working knowledge of investor guidelines and policies. Provide feedback to improve the underwriting process. Comply with all company policies, procedures, and regulations. Undertake ad hoc projects to help improve the team and business.

Department
Credit

What we're looking for

Experience Level

Experience requirements apply (Flexible)

Employment Type
Full Time
Required Skills & Qualifications
NOI Analysis (skill) Multifamily (sector) Deal Structuring (skill) Financial Analysis (skill) Underwriting (skill) Due Diligence (skill) Zoning & Land-use Analysis (skill) Microsoft Office (software) Land (sector) Credit (skill) Loans (skill)

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