SENIOR COMMERCIAL UNDERWRITER

Summit State Bank • Santa Rosa, CA

44d • $128,000 - $155,000 • Onsite

About The Position

Summit State Bank is an award-winning Community Bank whose core values are based on making a positive impact on our employees, customers, and the communities we serve. Our employees are important to us, we provide rewarding career paths with competitive pay and excellent benefits. If you want to work for a Community Bank that values you and your contributions, we encourage you to apply. We are looking for a Senior Commercial Underwriter to join our team. In this position, the incumbent provides an expert level of analysis of commercial borrower, guarantor, and affiliate parties to determine risk involved in lending money to new and existing commercial and industrial (C&I) and commercial real estate (CRE) clients. The underwriter structures and defends recommendations on terms, pricing, collateral, and conditions and presents to credit approvers. A strong attention to detail, excellent written and verbal communication skills and the ability to work collaboratively while upholding values of professionalism, integrity and teamwork are required. This is an on-site, full-time position.

Requirements

• Bachelor of Arts (B. A.) or equivalent with a minimum of six years of related experience and/or training
• Advanced Excel and financial modeling proficiency
• Experienced with financial spreading software
• Working knowledge of bank credit policy and relevant regulatory expectations
• Equivalent combination of education and experience.

Responsibilities

• Review loan submissions for policy fit and adequacy of information; validate borrower and guarantor financials; confirm third-party reports and collateral documentation; verify that application meets Summit State Bank loan underwriting standards.
• Underwrite and structure C&I, CRE, and construction requests up to $20MM; prepare credit authorizations and detailed credit analysis. Construction Lending: perform general contractor analysis and qualification and build and maintain budget spreadsheet.
• Well versed in accurately analyzing and structuring non- stabilized situations. Including but not limited to interrogating the assumptions in borrower projections, expanded analysis of external cash flow sources and uses, liquidity, and developing appropriate covenants around milestones.
• Review and analyze appraisal assumptions and methodologies; reconcile valuation to proposed structure incorporated into Bank credit authorization. Evaluate all collateral on all secured loans, including but not limited to title review (commitment/policies, lien position, exception, easements, UCC) and environmental due diligence and prepare reports of findings.
• Work directly with Lenders/Relationship Managers and, when needed, Borrowers to discuss issues, ask questions and make financial and covenant recommendations as necessary.
• Work closely with all parties to assist in timely processing, credit approval, and closing of loan requests, and partner with Loan Operations to ensure procedures are followed for closing and funding. Coordinate draw funding with loan operations on construction loans.
• Perform annual term loan reviews and covenant testing; clear financial and covenant ticklers; draft waiver requests when required; and, if a default is triggered, refer the RM to coordinate default letter with Special Assets Manager.
• Work independently with little or no oversight on low to moderately complex duties.
• Work closely with Senior Credit Administrator and Chief Credit Officer on highly complex issues.
• Position is considered experienced and may be expected to provide training, coaching and mentoring.
• Other duties may be assigned.

Benefits

• Medical, Dental, Vision, FSA, Life, AD&D and LTD coverage
• Employer HSA contributions of up to $4,000 annually and a 401(k) with employer-matching contributions
• Tuition reimbursement
• Wellness resources
• Internal mentorship programs
• Paid volunteer time off
• All full-time positions are eligible for a minimum of three weeks of paid vacation annually.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 51-100 employees