VP, Commercial Loan Underwriter

Poppy Bank•Santa Rosa, CA

10d•Onsite

About The Position

Under minimal supervision, the VP, Commercial Loan Underwriter underwrites commercial loans and serves as a subject matter expert on credit policy. The role supports credit structuring and ensures adherence to internal credit policies, regulations, program rules, and lending documentation requirements. The incumbent analyzes commercial and personal credit information from borrowers and guarantors to evaluate lending risk for new and existing commercial real estate clients, and verifies and compiles commercial loan application information. This position involves teamwork and personal interaction while also requiring independent work in an office with minimal supervision. The incumbent works with lenders, borrowers, and other parties to support timely processing, credit approval, and closing. The role has no supervisory responsibilities and includes at least 10 compensable CRA volunteer hours per year, typically scheduled during business hours; mileage is reimbursed. Other duties may be assigned.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
At least 7 years of commercial real estate and business loan underwriting experience.
Strong mathematical skills and credit analysis capabilities, including financial modeling, ratio analysis, stress testing, and sensitivity analysis.
Excellent written and verbal communication skills, including the ability to prepare clear, well-thought-out credit memorandums.
Computer experience and proficiency with word processing, spreadsheets, and database management.
Attention to detail and organizational skills, with the ability to manage multiple loan transactions and meet deadlines.
Ability to work scheduled full-time hours and maintain regular attendance.
Ability to multitask in a fast-paced environment.

Nice To Haves

Familiarity with a loan originating system, preferably Baker Hill.

Responsibilities

Review loan application files for completeness and compliance with established standards, including loan type and amount and borrower assets and liabilities.
Underwrite and evaluate commercial loan requests from origination through closing, including initial credit approval, conditions, and post-closing oversight.
Prepare credit memorandums and detailed credit analyses for Bank credit authorization.
Analyze financial statements, business and personal tax returns, projections, cash flow, debt service coverage, leverage, liquidity, and collateral.
Assess business models, industry risks, market position, and management strength.
Review and interpret appraisal, environmental, valuation, title, and third-party reports.
Ensure compliance with applicable regulations, program rules, and lender and commercial documentation requirements.
Perform and document risk assessments on loan requests and verify the accuracy of information provided.
Work directly with lenders and borrowers to discuss issues, ask questions, and make financial and covenant recommendations as appropriate.
Review appraisal assumptions and methodologies and incorporate appraisal information into Bank credit authorization.
Evaluate and verify collateral on secured loans and prepare reports of findings.
Work with all parties to support timely processing, credit approval, and closing of new loan requests.
Complete a minimum of 10 CRA volunteer hours per year; volunteer hours are typically scheduled during business hours, are compensable, and mileage is reimbursed.
Perform other duties as assigned.