Commercial Real Estate Administrator
West Coast Community Bank•Santa Cruz, CA
8d•Onsite
About The Position
This position is located on-site at our Santa Cruz location. The CRE Administrator has strong expertise in both real estate valuation and commercial credit underwriting. The CREA serves as the Bank’s in-house specialist for appraisal oversight, environmental due diligence, and collateral risk analysis, while also underwriting new and renewed commercial real estate loans. Role is positioned for growth based on performance and demonstrated expertise.
Requirements
- 5+ years related experience in commercial real estate, banking and underwriting
- Strong verbal and written communication skills.
- Strong analytical skills
- Knowledge of USPAP and current real estate valuation standards
- Ability to analyze commercial property types including industrial, office, retail, and multifamily
- Familiarity with environmental risk assessments and Phase I/II standards
- Through understanding of the Bank credit administration process
- Ability to work independently and solve complex issues with minimal guidance
- Ability to work effectively at a fast pace with competing interests and due dates, but still maintain a timely turnaround time
- Proficient in the use of personal computers and software programs, such as Excel, MS Word and MS Access as well as other programs specific to the banking industry
- Familiar with accounting and proficient at analyzing both financial statements and real estate appraisals
Nice To Haves
- Experience as a Certified General Appraiser, licensed appraiser, or formal commercial appraisal review background is strongly preferred
Responsibilities
- Manage the Bank’s list of approved appraisers and directly order appraisals for real estate secured transactions
- Review all real estate appraisals to ensure they are performed within Bank and regulatory policies and procedures
- Manage third-party formal appraisal reviews and complete internal review forms for all real estate appraisals
- Manage the Bank’s real estate environmental due diligence ordering to ensure Bank and regulatory policies are maintained
- Exercise independent judgment on appraisal appropriateness and credit recommendations within established authority levels
- Coordinate with analytics team to manage and prepare portfolio stress testing reports
- Prepare credit addendums related to real estate transactions approved subject to real estate appraisals
- Underwrite new and renewal commercial real estate loan requests and render decisions in adherence with Bank lending policy. Includes performing collateral analysis and written credit approvals
- Spread, review and analyze updated financial statements and supporting documentation on existing and new commercial real estate loans
Benefits
- Medical, dental, and vision plans
- Vacation, sick leave, paid Holidays
- Paid volunteer time
- Employer paid life insurance
- 401(k) with employer matching
- Ongoing training, professional development and career advancement opportunities
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
Upload and Match Resume
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
