Commercial Underwriter

Western Alliance Bank • Biltmore, TN

6d

About The Position

As a Commercial Underwriter I - Mid Market you'll be responsible for underwriting new loan and renewal requests for mortgage warehousing, mortgage servicing rights, working capital lines of credit and other Bank lending products. You'll build internal relationships by working with lending officers directly on credit analysis and loans involving complex structures in a fast-paced environment. One of your key responsibilities is to review the loan structure, financial spreads, entity structures, collateral, market data and industry reports to understand inherent risks and prepare a recommendation to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual relationship reviews. The role also serves as a mentor for our junior credit analysts across financial analysis, loan structure, appropriate covenant conditions, our internal systems, and identifying risks and tangible mitigating factors to credit risk. Perform pre-qualification financial and risk assessment for potential financing requests within the framework of Bank credit culture and current economic and industry trends. Review financial statement analyses, typically involving complex and interlocking relationships. Gather and analyze all information necessary to present a financing request to senior management or Loan Committee for approval. Attend virtual or on-site due diligences at customer operations or servicing centers and meet with existing or potential customers in tandem with the sales team. Provide mentorship to our junior analyst by reviewing their credit analysis work, including compliance certificates and minor underwriting items. Work with our internal sales, processing, and treasury management teams to build multifaceted banking relationships.

Requirements

• 2+ years of related experience.
• Bachelor's degree or equivalent experience required.
• Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services.
• Intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Intermediate speaking and writing communication skills.

Responsibilities

• Underwriting new loan and renewal requests for mortgage warehousing, mortgage servicing rights, working capital lines of credit and other Bank lending products.
• Building internal relationships by working with lending officers directly on credit analysis and loans involving complex structures in a fast-paced environment.
• Reviewing the loan structure, financial spreads, entity structures, collateral, market data and industry reports to understand inherent risks and prepare a recommendation to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual relationship reviews.
• Serving as a mentor for our junior credit analysts across financial analysis, loan structure, appropriate covenant conditions, our internal systems, and identifying risks and tangible mitigating factors to credit risk.
• Performing pre-qualification financial and risk assessment for potential financing requests within the framework of Bank credit culture and current economic and industry trends.
• Reviewing financial statement analyses, typically involving complex and interlocking relationships.
• Gathering and analyzing all information necessary to present a financing request to senior management or Loan Committee for approval.
• Attending virtual or on-site due diligences at customer operations or servicing centers and meet with existing or potential customers in tandem with the sales team.
• Providing mentorship to our junior analyst by reviewing their credit analysis work, including compliance certificates and minor underwriting items.
• Working with our internal sales, processing, and treasury management teams to build multifaceted banking relationships.

Benefits

• We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program.
• In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level