Commercial Real Estate Underwriter
Company: Piermont Bank
Location: New York City
Posted on: April 4, 2026
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Job Description:
About Us: Piermont Bank is a boutique specialty commercial bank
focused on serving modern businesses with a digital first approach.
As the first cloud native bank launched in the United States,
Piermont was built on modern infrastructure that allows us to
operate with greater flexibility, efficiency, and scalability than
traditional banks. We combine disciplined commercial banking with
innovative technology to deliver value added solutions for small
and medium sized businesses and our fintech partners. Our team is
dedicated to thoughtful risk management, strong client
relationships, and building a bank designed for the future of
financial services. The Role: The Senior Commercial Real Estate
Underwriter will support the Bank’s commercial real estate lending
and deposit origination and management activities while assisting
in the evaluation of new lending opportunities. Responsibilities:
Perform technical (i.e., spreadsheet) analysis of project
economics, historical income, and pro forma income. Conduct market
and industry research (e.g., comparable rents/sales and submarket
supply and demand conditions). Prepare related internal memoranda,
including credit memo for credit supervision review and face sheet
and discussion summary memoranda on standard bank templates. Order
third-party consultant reports (i.e., appraisal, environmental
assessment, property condition report, plan, and cost review)
through the RIMS portal. Procure current collateral property flood
status certifications. Produce, in coordination with the Account
Officers, new and modified loan recommendation packages, including
Order internal due diligence (“front and back sheets”) and annual
loan reviews. Lead analysis efforts for: Stress test, and report on
pro forma and historical collateral property cash flows. Sources of
repayment. Guarantor and borrower financial condition, liquidity,
and cash flow. Risk factors and mitigating circumstances. Conduct
research on industry and submarket research, including the
utilization of bank vendors such as REIS and perform property level
research including property taxes. Qualifications : 7 years
commercial real estate finance experience. Formal credit training
preferred. Knowledge of all AML / KYC requirements. Proficiency
with the Microsoft Office software suite of applications. The
hiring range for this position is $120,000 to $150,000 per year.
The base pay actually offered will take into account internal
equity and also may vary depending on the candidate’s job-related
knowledge, skills, and experience, among other factors. A bonus
and/or incentives may be provided as part of the compensation
package, in addition to the full range of medical, dental, vision,
401k, and other benefits. Piermont Bank is an equal-opportunity
employer. We celebrate diversity and are committed to creating an
inclusive environment for all employees. We do not discriminate
based upon race, religion, color, national origin, political
affiliation, gender (including pregnancy, childbirth, or related
medical conditions), sexual orientation, gender identity, gender
expression, age, status as a protected veteran, status as an
individual with a disability or other applicable legally protected
characteristics.
Keywords: Piermont Bank, East Orange , Commercial Real Estate Underwriter, Accounting, Auditing , New York City, New Jersey
