Head of CRE Underwriting

Michael Page International

New York, NY

JOB DETAILS
SALARY
$220,000–$250,000 Per Year
JOB TYPE
Full-time
SKILLS
Analysis Skills, Artificial Intelligence (AI), Bank Management, Best Practices, Charter Schools, Coaching, Commercial Real Estate, Communication Skills, Continuous Improvement, Credit Analysis, Credit Risk, Financial Services, Interpersonal Skills, Investment Management, Leadership, Loan Structuring, Loans, MPI, Mentoring, Mortgage Lending, People Management, Performance Analysis, Performance Management, Presentation/Verbal Skills, Process Improvement, Regulations, Regulatory Compliance, Retail, Risk, Risk Analysis, Risk Modeling, School Buildings, Standards Strategy, State Laws and Regulations, Strategic Planning, Talent Management, Time Management, Trend Analysis, Underwriting, Writing Skills
LOCATION
New York, NY
POSTED
29 days ago
The position oversees a team of underwriters responsible for evaluating transactions across all major CRE segments and ensures disciplined credit decision-making aligned with risk appetite, regulatory standards, and strategic business objectives. The role covers the full spectrum of commercial real estate asset classes, including multi-family, mixed-use, office, industrial, retail, hospitality, charter schools, and construction, with particular emphasis on transitional assets.Client DetailsThis role is with a well-established, mid-sized bank located in Midtown.Description* Lead and oversee the commercial real estate underwriting team, ensuring robust credit analysis, effective challenge, and consistent application of credit policies and risk standards.* Review and sponsor credit transactions submitted for approval, confirming that risk ratings appropriately reflect borrower and transaction risk profiles.* Partner with lending, portfolio management, and other stakeholders to support portfolio quality while balancing growth objectives and risk appetite.* Provide guidance on loan structuring, including repayment terms, covenants, collateral, and other credit conditions.* Participate in client meetings and site visits as appropriate to support credit assessment and structuring decisions.* Coach and mentor less experienced colleagues across credit, portfolio management, and lending functions, reinforcing sound underwriting practices and regulatory compliance.* Support talent evaluation, performance management, and development planning within the credit function.* Lead or actively participate in Credit Committee and other governance forums, ensuring clear and timely responses to approval authority inquiries.* Oversee the preparation and accuracy of recurring and ad hoc credit reporting, including monthly and quarterly deliverables.* Serve as a key point of contact for regulators and auditors on credit-related matters, supporting examinations and audits as required.* Monitor portfolio performance, exposure levels, and concentration risks, identifying trends and early warning indicators.* Drive technology adoption and process enhancements within the credit function, aligned with broader technology and AI initiatives.* Promote collaboration and alignment around strategic initiatives across credit and business teams.* Maintain awareness of industry developments and best practices, applying insights to inform senior leadership decision-making and continuous improvement efforts.* Perform other related duties as assigned.Profile* Bachelor's degree or equivalent professional experience.* Minimum of 12 years of commercial real estate credit experience across multiple asset classes.* Proven background as a credit-trained banker operating in a highly credit-intensive environment.* Strong leadership capabilities with a hands-on management style and demonstrated commitment to coaching and developing talent.* Excellent analytical, written, verbal, and interpersonal communication skills.* Broad knowledge of commercial real estate markets, with particular familiarity with the Tri-State region and South Florida.* Advanced expertise in credit structuring, covenant design, and management of large and complex credit exposures.* Strong understanding of regulatory credit frameworks, risk models, and supervisory expectations.* Strategic mindset with the ability to drive innovation, efficiency, and process improvement.Job OfferCompetitive base salary ranging from $220,000 to $250,000 USD.Comprehensive benefits package to support your well-being.Opportunity to lead a high-performing team in the financial services industry.MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

About the Company

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Michael Page International

Michael Page is one of the world's leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world. Our business was established in Canada in 2005 when we opened our Toronto office. Our role is to work with employers and job seekers to facilitate a successful match. This can range from advising a global company on a candidate sourcing strategy to helping a job seeker find their dream job. In Canada, we focus on recruiting for the following areas: Banking and financial services Digital and e-commerce Engineering and manufacturing Finance and accounting Human resources Information technology Marketing Oil and gas Procurement and supply chain Property and construction Sales An Established Brand The Group has established a leading presence in many of the key markets for professional recruitment around the world and has positioned itself in certain other markets, which offer the opportunity for future growth. Within its current largest markets, Michael Page has also built a regional presence, including in the UK, France and Australia. Consequently, the Michael Page brand is among the most widely recognized brands in the professional recruitment industry. A Market Leader The role of a recruitment consultancy is to act as an intermediary, identifying and sourcing suitably qualified candidates on behalf of its clients. Candidates are recruited either for permanent or contract positions (typically for a fixed term) or on a temporary basis. Within the overall recruitment industry, the market for professional recruitment services is a specialist sector which has developed more recently. Michael Page is widely recognized as leading the development of this market around the world. Learn the benefits of working with Michael Page yourself. Submit your resume or contact a Michael Page recruitment consultant today.
COMPANY SIZE
10,000 employees or more
INDUSTRY
Staffing/Employment Agencies
WEBSITE
https://www.michaelpage.ca/