AVP, Senior Underwriter

Company Overview
Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders.
If you're interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments. Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career.
Position Summary
The AVP, Senior Underwriter will be responsible for reviewing the underwriting and due diligence of transitional loans in the MF1 program. They will be responsible for providing timely review and feedback to the underwriter, to problem-solve and/or escalate credit issues and risks prior to loan/investment committee. They will serve as a resource to the underwriting and deal teams and as a liaison to the investment committee. They will be responsible for managing relationships with key stakeholders including joint venture partners, borrowers/sponsors, and the Debt Investments team.
Responsibilities include, but are not limited to:
Ensure consistent UW policies, procedures, and processes are in place and followed, including underwriting models/templates and ASR content
Be go-to for underwriting issues from internal and external partners
Review underwriting packages prior to distribution to Investment Committee. These reviews should anticipate and address credit issues that are likely to be raised by committee members.
Monitor status and progress of all deals in underwriting (under application) and solve or elevate issues that arise during due diligence
Gain credibility as a key, trusted resource to senior management that is knowledgeable and conversant on each deal, especially key risks/mitigants, thoroughness of Due Diligence and integrity of data
Regularly communicate with the deal team, including legal as necessary, on deal level issues to ensure proper loan structure and credit.
Review all third party reports and due diligence to ensure early identification and mitigation of risks, issues, and/or concerns.
Review Borrower Organizational Charts and due diligence to ensure program requirements are met and identify/mitigate credit weaknesses or issues.
Ensure questions that are raised by IC are addressed, in coordination with the underwriter; ensure inclusion in ASR as appropriate.
Ensure outstanding deal/transaction issues and concerns are resolved prior to closing.
Consistently demonstrate use of tact and discretion.
Knowledge/Experience:

A seasoned real estate professional with comprehensive knowledge of the residential sector. 10+ years of experience preferred.
Savvy and experienced underwriting, structuring, and monitoring of multifamily debt transactions, including transitional loans.
Experience with transitional assets, construction draw reviews, and/or value add renovations a plus.
Experience with GSE multifamily lending programs preferred.
Special Servicing, Loan Restructuring/Workout and Distressed Loan experience a plus
Experience in both debt and equity transactions a plus
Knowledge of full capital structures
Demonstrated successful experience in structuring equity, mezzanine, and
preferred deals
Excellent verbal and written communications skills
Ability to work independently, with limited support to deliver results
Ability to influence and persuade, using a variety of approaches appropriate for the situation and party being influenced
Ability to travel for site inspections
Demonstrated management skills with track record of building teams and
identifying, mentoring, and growing talent in-person and virtual
Aptitude for organizing, prioritizing, and managing multiple priorities,
using critical thinking and problem solving
Demonstrated multi-modal communication style that reaches every
stakeholder, specifically excellent verbal, and written communications
Collaborative working style with inclusive work and thinking behaviors,
commitment to excellence in teams and work product, with a strong work
ethic
Demonstrate emotional intelligence in high pressure and sensitive
situations
Ability to see, analyze and understand business dealings in terms of the
overall business plan
Tenacity, patience, and perseverance to work with business deals from
beginning to end of process
Represent the Berkshire employment brand well to candidates by seeking
to understand the capabilities and insights of people with unique
backgrounds, cultures, styles, and abilities
Maintain confidentiality of sensitive information and communications of
information
Develop productive working relationships with all team members including
internal clients and external third parties
Demonstrated high level of ethics and integrity with a straightforward and
honest approach
Technical/Educational Requirements:

Bachelor's Degree in a related field; MBA or related master's degree a plus
Demonstrated advanced financial modeling and Excel skills required
Demonstrated ability to use and learn new technology (e.g.,
computers/hardware, mobile, software, cloud-based programs)
Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams,
Power Point)
Yardi experience preferred
Investment analytical skills and advanced Excel modeling capabilities

Berkshire Residential offers an excellent benefits package, focusing on our employees' total health and wellness. We offer programs and incentives that promote physical, mental, financial, and behavioral wellbeing both within and beyond our workplace. Please visit our Careers page for full details - and to learn more about how we value our employees.
Berkshire Residential values diversity, equity, inclusion and belonging. Berkshire is committed to providing equal opportunity in all practices, including employees and applicants for employment. We ensure that decisions affecting employees are made without regard to their race, color, creed, national origin, age, disability, gender, gender identity, sexual orientation, or any other protected status.