Overview Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family. PenFed is hiring a (Hybrid) Commercial Real Estate Associate at our Tysons, Virginia location. The primary purpose of this position is to provide analysis on the Commercial Real Estate (CRE) portfolio in accordance with Federal regulations and PenFed Board of Director Policies, procedures, and standards. The incumbent will be responsible for developing reporting, documentation, and written/verbal analysis with the intent of mitigating risk and maximizing value of the portfolio. Responsibilities Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. + Develop Commercial Real Estate reporting and analysis for Management, Executive Team, the Board of Directors, and Regulators. + Complete a thorough analysis of Commercial Property and Loan cash flows including historicals and projections based on the financial information provided by the Borrower and third parties. + Assist Portfolio Management and Underwriting team with data, financial modeling, and analysis to support workouts, modifications, and deal opportunities. + Monitor assigned portfolio for compliance and early identification of risks. + Prepare and present annual and quarterly asset reports for the assigned portfolio. + Work with members, internal PenFed staff, and external partners to provide rationale and explanations for commercial lending decisions and ongoing issues related to servicing and accounting. + Provide early due diligence feedback to managers on loan opportunities. + Analyze and review documentation related to CRE loans including loan documents, inter-creditor agreements, leases, etc. with an emphasis on accuracy, legitimacy, and completeness of required documentation. + Collaborate with other departments and/or institutions to corroborate or collect information related to commercial lending decisions. + Maintain a thorough understanding of regulatory direction related to credit union compliance for lending in the CRE space. + Review policies, procedures, and guidelines and makes recommendations for improvement. Qualifications Equivalent combination of education and experience is considered. + Bachelor’s Degree in a related field. + Minimum of two (2) years of experience, preferred experience three (3) to five (5) years of experience, at a banking or financial services institution focused on Commercial Real Estate loans or investments. + Specific Experience with Analysis for CRE loans, including direct and syndicated transactions preferred. + Strong analytical skills and ability to interpret financial statements, operating statements, rent rolls, and other reports. + Strong financial modeling and Excel skills. + Argus experience preferred. + Proficiency with Microsoft Applications (Word, Excel, PowerPoint, Access, Outlook) at a level that allows independent work. + Strong written and verbal communication skills. Supervisory Responsibility This position will not supervise employees. Licenses and Certifications There are no additional licenses and/or certifications required. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds. * Travel Ability to travel to various worksites and be on-call may be required. The employee may also be required to travel for market tours and site inspections as needed across the United States. About Us Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.9 million members and over $31 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam and Puerto Rico. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568. #LI-Hybrid