Senior Credit Underwriter – Wholesale Real Estate Finance

We finance real estate projects where traditional banks may be too slow or too rigid. Our financing typically ranges from €250K to €30M, subject to approval. We move fast, assess each opportunity on its merits, and build financing structures around viable projects—not only standard checklists.

We are part of Multitude Group (ETR: MULT) and are expanding our wholesale lending business across European markets.

We are now looking for a Senior Credit Underwriter to evaluate and structure institutional real estate financing opportunities while ensuring alignment with our credit policies and risk appetite.

This is a senior role for someone who combines strong financial analysis with sound commercial judgement. You will work closely with Investment Managers, Credit Analysts, and other stakeholders to build financing structures that manage risk while supporting attractive business opportunities.

What you’ll be responsible for

• Evaluate and underwrite institutional real estate loan applications in line with the bank’s credit policies and risk appetite.
• Conduct detailed financial analysis, including assessment of financial statements, cash-flow projections, financing structures, and collateral.
• Assess borrower creditworthiness based on financial performance, credit history, ownership structure, market conditions, and industry-specific risks.
• Analyse real estate projects, including valuation, loan-to-value, debt-service capacity, project feasibility, exit strategy, and downside scenarios.
• Prepare comprehensive credit proposals with clear risk assessments, recommendations, proposed terms, conditions, and risk-mitigation measures.
• Work closely with Investment Managers and Credit Analysts to structure commercially attractive and appropriately secured financing solutions.
• Present and defend credit recommendations to relevant decision-makers and credit committees.
• Monitor the existing loan portfolio, identify early warning signals, and recommend proactive measures where credit quality deteriorates.
• Follow market trends, economic developments, and regulatory changes affecting institutional and real estate lending.
• Support and guide junior underwriters and analysts while promoting consistent credit standards and best practices.
• Ensure compliance with internal policies, procedures, delegated authorities, and applicable regulatory requirements.

What we’re looking for

• Several years of relevant experience in credit underwriting, institutional lending, commercial banking, real estate finance, leveraged finance, or a comparable credit-risk role.
• Strong experience assessing complex corporate or real estate financing transactions.
• Advanced financial-analysis skills, including financial statements, cash-flow modelling, debt-service capacity, sensitivity analysis, and downside scenarios.
• Good understanding of real estate valuation, collateral structures, loan documentation, and key lending metrics such as LTV, LTC, DSCR, and interest coverage.
• Ability to identify material credit risks and translate them into clear financing conditions and risk mitigants.
• Strong commercial judgement and the ability to balance risk protection with viable deal execution.
• Experience preparing high-quality credit papers and presenting recommendations to credit committees or senior decision-makers.
• Understanding of relevant regulatory requirements and sound credit-risk-management practices.
• Ability to work effectively with commercial, investment, legal, valuation, and risk stakeholders.
• Confidence to challenge assumptions and decisions constructively while remaining pragmatic and solution-oriented.
• Strong communication skills and professional fluency in English.
• A degree in finance, economics, accounting, business, or another relevant field.
• Experience mentoring junior colleagues is considered an advantage.

What will help you succeed

You are analytical but not limited to checklists. You can understand the commercial opportunity behind a transaction while remaining disciplined about risk. You take ownership, form clear conclusions from complex information, and communicate your recommendations with confidence.

You are comfortable working in a fast-moving environment where every transaction may require a tailored approach. Most importantly, you know when a risk can be structured and mitigated—and when it should not be accepted.

If you want to help build a flexible and commercially minded wholesale lending business while maintaining strong credit standards, we would like to hear from you.

Salary:

The salary will depend on the level of the position and the candidate’s experience:

• Underwriter: €4,200–€4,700 gross per month

• Senior Underwriter: €4,800–€6,000 gross per month

The final title and salary will be determined based on relevant experience, the complexity of previously handled cases, and the level of independent credit authority.

What we offer:

• A truly global workplace: Collaborate with more than 40 nationalities across over 25 countries, embracing diversity, inclusion, and cross-cultural innovation.

• Hybrid and flexible work: Balance your life and career with remote-friendly policies and modern offices across Europe.

• A culture of growth: Accelerate your development with access to LinkedIn Learning, structured mentorship, and internal leadership programmes, including our HiPo and People Leader tracks.

• Workation programme: Work remotely from abroad for up to two months per year and experience new cultures while staying connected and productive.

• Financial growth opportunities: Invest in your future through our share purchase matching programme, which doubles eligible employee contributions and supports long-term financial growth.

Not sure whether your experience is better suited to the Underwriter or Senior Underwriter level? Apply for the role, and we will assess the appropriate level during the recruitment process.

We offer:

• A Truly Global Workplace – work with professionals from 40+ nationalities, bringing diverse expertise, perspectives, and a collaborative international culture.

• Hybrid & Flexible Work – we support work-life balance with remote work options and modern office spaces across Europe.

• A Culture of Growth – we invest in your future, offering LinkedIn Learning, mentorship, and professional development programmes, including HiPo and leadership development initiatives to support career advancement.

• Financial Growth Opportunities – benefit from our share purchase matching programme, allowing you to invest in your future with matched contributions and long-term financial rewards.

• Workation Programme – work remotely from different countries for up to 2 months per year, experiencing new cultures while staying connected and productive.

We may use artificial intelligence (AI) tools to support specific parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses against predefined criteria. These tools assist our recruitment team but do not replace human judgment. All final hiring decisions are made by human recruiters.

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