Commercial Real Estate Underwriting Analyst

Position Summary

The Commercial Real Estate Underwriting Analyst is a developmental underwriting position supporting the commercial real estate and multifamily credit team. Following Expression of Interest (EOI) approval and receipt of the Bank's flat fee, the Analyst assists with crafting the due diligence checklist, reviews and analyzes due diligence, identifies potential credit concerns, performs preliminary underwriting, and prepares assigned portions of the final credit memo under the supervision of an experienced underwriter.

The role combines active credit analysis with responsibility for helping ensure live transactions are complete and ready for underwriting. Through supervised transaction experience and progressively more complex assignments, the Analyst develops the credit judgment, analytical skills, and written communication capabilities required to advance into a CRE or Multifamily Underwriter position.

Why Fremont Bank?

Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for the past 15 consecutive years. Our foundation is built on relationships — with our clients, our associates, and our communities.

We offer:

• A people-first culture grounded in inclusion and excellence
• Deep community involvement and local reinvestment
• A mission-driven workplace where values and performance go hand in hand

The Fremont Bank Way

• Full-Service Banking with comprehensive financial solutions, advanced technology, and exceptional service
• No-Compromise Approach — we help clients get to "yes"
• Core Values:
  • Go above and beyond for clients
  • Foster a supportive and empowering environment for associates
  • Deeply invest in the well-being of our local community

Key Responsibilities

• Review and analyze borrower and guarantor financial statements, tax returns, personal financial statements, debt schedules, schedules of real estate owned, rent rolls, leases, and property operating statements.
• Complete preliminary tax returns, personal financial statement, business, and property spreads.
• Review appraisals, environmental reports, preliminary title reports, property inspections, and other third-party due diligence; summarize material findings and raise potential red flags.
• Identify credit risks, policy exceptions, collateral concerns, documentation deficiencies, structural issues, and unanswered questions for discussion with the assigned underwriter.
• Draft assigned sections of loan credit memo, which may include borrower and guarantor background, property and collateral analysis, financial analysis, third-party report summaries, risks, and mitigants.
• Prepare preliminary underwriting observations and recommendations for review by the assigned underwriter and incorporate feedback to improve accuracy, judgment, and independence.
• Review incoming due diligence for completeness, quality, consistency, and underwriting usability; identify additional information needed to complete the credit analysis.
• Track material borrower due diligence and third-party reports after EOI approval, helping ensure complete files are ready for Underwriter
• Maintain organized underwriting files, accurate status information, and a concise handoff summarizing significant findings, open items, and timing considerations.
• Communicate clearly and act as liaison between underwriters, relationship managers, loan processors, documents and funding department, as well as other departments within the bank
• Participate in transaction discussions and credit reviews to develop expertise in loan structure, sources of repayment, collateral analysis, policy interpretation, approval conditions, and risk mitigation.
• Apply and develop knowledge of owner-occupied and investor CRE, multifamily, acquisitions, refinances, modifications, bridge or transitional loans, and SBA 504 transactions across a variety of collateral types.
• Adhere to Bank credit policy, underwriting guidelines, documentation standards, applicable regulations, and internal controls; support audits, examinations, reporting, and process-improvement initiatives.
• Assist Underwriting Manager with Expression credit reviews.
• Perform special projects and other duties as assigned.

Qualifications & Skills

Skills and Competencies

• Strong analytical aptitude and demonstrated interest in CRE underwriting.
• Working knowledge of financial statement analysis, cash flow analysis, commercial credit concepts, and credit risk assessment.
• Ability to review complex financial and property information, identify inconsistencies or red flags, and escalate material issues.
• Clear, concise written and verbal communication skills, including the ability to prepare analytical narrative for review.
• Strong organization, judgment, attention to detail, and ability to manage multiple live transactions and deadlines.
• Proficiency in Microsoft Excel and experience with financial spreading, credit analysis, loan workflow, or document-management tools.
• Ability to work independently while collaborating effectively in a fast-paced, cross-functional environment.

Experience and Education

• Bachelor's degree in Finance, Accounting, Economics, Real Estate, Business Administration, or a related field, or equivalent relevant experience.
• Minimum two years of experience in commercial banking, credit analysis, CRE or multifamily lending, underwriting support, portfolio management, or a comparable financial services role.
• Experience spreading financial statements, tax returns, rent rolls, property operating statements, and commercial real estate documentation.
• Commercial credit training, advanced Excel capability, and exposure to appraisal, environmental, title, flood, and entity documentation preferred.Experience with nCino, Salesforce, Buker’s Tax Analysis, or comparable commercial lending platforms is preferred.

Physical Requirements

The physical requirements described below are representative of those that must be met to successfully perform the essential functions of this position, with or without reasonable accommodation.

• Ability to remain in a stationary position for extended periods (e.g., sitting or standing).
• Frequent use of a computer and other office equipment.
• Ability to communicate effectively with colleagues and customers.
• Occasionally move or lift items up to 10 pounds.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the position.

What Makes Fremont Bank Associates Thrive?

• Team Players who go above and beyond to support their colleagues
• Action-Oriented professionals who challenge the status quo and seek improvement
• Purpose-Driven individuals who understand and champion the bank’s community impact

Benefits Snapshot

Health & Wellness

• Medical, dental, and vision insurance
• Flexible Spending Accounts (FSA, Dependent Care, Health Savings)

Financial & Retirement

• Employee Stock Ownership Plan (ESOP)
• 401(k) with employer match
• Performance-based bonuses or incentives

Work-Life & Perks

• Paid holidays, vacation, and sick time
• Free personal checking and savings accounts
• Home loan rate discounts
• Tuition reimbursement and professional development resources
• On-site gym and discounted health club memberships
• Employee Assistance Program (EAP)

Equal Opportunity Employer

Fremont Bank is proud to be an Equal Opportunity Employer. We are committed to creating an inclusive environment for all employees, regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, or any other protected classification.

Salary Range

The hiring salary range is based on factors such as experience, skills, education, and internal equity. Compensation decisions are made in consideration of these factors and in alignment with Fremont Bank’s compensation philosophy.

Salary Range

USD $33.65 - USD $43.75 /Hr.

Employee Stock Ownership Plan (ESOP)

The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank to contribute to the financial well-being of associates by making a contribution to their retirement account. In addition, the ESOP provides associates an opportunity to share in the growth and prosperity of Fremont Bank.

Note to Search Firms:

Fremont Bank does not accept unsolicited resumes from search firms or agencies without a signed service agreement. Unsolicited resumes will be considered the property of Fremont Bank, and no fees will be paid.

Compensation: 33.65 to 43.75 (USD)