VP, Underwriter, CRE

Beneficial State Bank•Los Angeles, CA

12d•Hybrid

About The Position

The VP, Underwriter on the CRE team is responsible for the underwriting and coordination in closing CRE loans originated by the bank. Underwriters are also responsible for spreading, managing, and maintaining financial information on present and prospective customers which includes performing special financial statement analysis that may involve complex and interlocking relationships. This position is a unionized position through the Communication Workers of America.

Requirements

Competencies/Skills listed above, as well as:
5+ years of CRE underwriting and analysis experience; preferably in a financial institution and banking environment (with Nonprofit, Multifamily, Construction, and Affordable Housing is a preferred)
Proficient in use of Microsoft Office applications.
Demonstrated expertise in core business of CRE Lending
Proven depth knowledge and experience in appraisal methodology and financial statement analysis
Effective oral, written, and interpersonal communication skills
Demonstrated strong analytical and project management skills for various tasks and projects involving multiple facets and variables
Excellent organizational and time management skills
Worked with minimal supervision in performing duties
Market knowledge of CRE dynamics

Nice To Haves

Previous underwriting experience in C&I, SBA, and Business Banking is a plus

Responsibilities

Underwrites and coordinates in closing a range of Commercial Real Estate loan structures, property types and difficulty
Spreads, manages, and maintains the financial backgrounds of present and prospective customers
Performs special financial statements analysis involving moderately complex and interlocking relationship
Assists lending officers on credit and loan matters involving unusual situations
Assists VP’s and SVP’s with implementing strategic programs and product development
May assist in the preparation of any reports required from Credit Administration
May train selected personnel or new hires in credit operation and/or financial statement analysis
May recommend changes to policies, strategies, cost-effectiveness, and possibly quality improvement
May contribute and manage a bank-wide specialty function of some scope and complexity in applying technical expertise. Provides support in quality control and consistency in underwriting of new and existing business by being the subject matter expert on forms, process, and execution database and underwriting process
May partner at times with the Relationship Manager in customer calls for generating new businesses and expansion of existing core clientele as needed
Provides financial decision for RMs and participant in building client relationship
Responsible for underwriting complex transaction and preparing Commercial Real estate Prefights and Term Sheets in a timely fashion
Performs portfolio management functions for timely loan renewals and compliance within CRE guidelines at times of increased portfolio management demand
May act as liaison between CRE team and Credit team
Assists/prepares written credit memoranda and ancillary forms for complex credit facilities and occasionally partners with the Relationship Manager in presenting Preflight and Approval Memos to various committees
Contributes to ensure underwriting process operation efficiently and generates more closing and income to the Bank
Works closely with lending officer in all aspects of the loan request, structuring, and appraisal reviews
Mentors junior underwriters and analysts
Foster open dialogue and strong relationship with Credit Administration, Loan Operations, and other groups involved in the supporting line of business
May be required to attend bank sponsored events
Ensures compliance with all state and federal regulations and internal company policies, including but not limited to BSA / Anti-Money Laundering, Fair Lending, Privacy, and Anti-Discrimination, to the extent each applies to current job responsibilities
Completes all online compliance training as assigned within specified due dates
Stay current with current CRE rules and procedures

Benefits

Medical / Dental / Vision / Basic Life / STD / LTD
Vacation Days: 2-4 weeks depending on role
Sick Days: 12 days per year
Holidays: 11 days per year
401(K) / ROTH / FSA / HSA / EAP
Education and Adoption Assistance
Bank-Wide Annual Discretionary Bonus Program
Production-based incentive program available for some roles.
Paid Volunteer Time: 4 days per year / annual match of qualifying employee donations
Paid Sabbatical Program after 5 years of service
Pet Benefits