Vice President, Commercial Underwriting - Resort Finance

Western Alliance Bank•Phoenix, AZ

20d

About The Position

As a Commercial Underwriter III - Resort Finance you'll be responsible for underwriting complex timeshare and/or fractional ownership resort related loan requests and renewals for working capital lines of credit, commercial real estate loans, term loans, formula-based hypothecation lines of credit and revolving lines of credit, traditional asset-based lines of credit and other Bank lending products. You'll build internal relationships by working with lending officers on credit matters and loans involving unusual situations or requiring close scrutiny. Key responsibilities will include reviewing the loan structure, financial spreads, entity structures, collateral, market data and reports to communicate inherent risks and prepare a recommendation to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual reviews. May mentor junior analysts in financial analysis, loan structure, appropriate covenant conditions and identifying risks and tangible mitigating factors to credit risk. Perform financial statement analyses, typically involving complex and interlocking relationships. Monitor and evaluate receivable collateral performance through preparation of and/or analysis of trend reports; communication with timeshare operators, and collateral custodians and servicers to address issues or concerns. Perform pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends. Gather and analyze all information necessary to present a financing request to senior management or Loan Committee for approval; may meet with existing or potential customers; perform site visits; recommend loan terms and conditions to lending officers;

Requirements

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

Responsibilities

Underwriting complex timeshare and/or fractional ownership resort related loan requests and renewals
Reviewing loan structure, financial spreads, entity structures, collateral, market data and reports to communicate inherent risks
Preparing recommendations to Credit Administration
Mentoring junior analysts
Performing financial statement analyses
Monitoring and evaluating receivable collateral performance
Performing pre-qualification assessment and analysis of financial condition and risk of financing requests
Gathering and analyzing information to present financing requests to senior management or Loan Committee