Celtic Bank is hiring a
Underwriting and Transaction Manager

Summary

The job is for a Commercial Loan Underwriter with experience in healthcare assets underwriting at Celtic Bank's healthcare lending team. The role involves loan underwriting, financial modeling, background checking, due diligence, and communication with various stakeholders. The position requires 1-4 years of related work experience, a Bachelor’s Degree, strong finance, credit, healthcare, legal, commercial real estate, and business background, established organizational skills, and proficiency in Excel, Word, and PowerPoint.

Requirements

• 1-4 years’ related work experience as a Commercial Real Estate Financial Analyst or Commercial Loan Underwriter for healthcare financing requests
• Bachelor’s Degree
• Highly proficient excel skills
• Strong finance, credit, healthcare, legal, commercial real estate and/or business background
• Established organizational skills and ability to simultaneously handle multiple projects
• Experience with HUD “MAP” and/or “Lean” underwriting preferred
• Commercial loan closing experience preferred
• Extensive computer skills including Excel, Word and PowerPoint
• Strong oral and written communication skills, advanced financial analytical proficiency, and solid interpersonal skills
• A desire to learn and grow within the Commercial Real Estate Finance industry complimented by an inquisitive and proactive personality

Responsibilities

• Loan underwriting with a special focus on healthcare assets
• Complete review of applicant qualifications, model metrics include loan sizing and structuring, calculating historic and projected income, DSCR, GDSC, and loan to value ratios
• Develop financial models for the evaluation of bridge loan opportunities, reviewing potential healthcare transactions for the proper balance of feasibility and risk
• Conduct background checking and KYC review on all parties to the transaction including but not limited to the Sponsor, Operator, Management, Builders, Guarantors, etc
• Oversee the financial and operational due diligence process for healthcare financing requests
• Calculate and interpret investment returns (i.e.- IRR, NPV, ROI, ROE)
• Analyze borrower provided operating and capital expense budgets to ensure that all operational information is captured in the financial model and reporting packages
• Compile and analyze relevant market data and trends
• Assist with identifying and gathering all remaining application items needed to complete credit authorization memoranda
• Remotely present your completed loan write up to the bank’s credit committee
• Communicate effectively with both credit department leadership and the healthcare business development team
• Interface and resolve issues to ensure both a smooth underwriting and closing process
• Create loan closing checklists and work with clients and the bank’s loan closing department to fund your pipeline of approved loans
• Review documentation necessary to ensure continuing compliance with loan covenants
• Be flexible and ready to assist as needed with loan servicing actions

Benefits

• Medical, dental, vision
• 401(k) with employer match
• Life and long-term disability coverage
• HSA and FSA plans
• Holidays and paid time off requests
• Robust wellness program (we’re talking catered meals three times a weeks, lunch and learns, and onsite gym.)