Western Alliance Bank

  • Loan Underwriting Officer

    Req No.
    2018-4519
    Affiliate
    Torrey Pines Bank
    Category
    Credit Administration
    Type
    Regular Full Time
    City
    San Diego
  • Overview

    The position of Loan Underwriting Officer is responsible for underwriting difficult loan requests and renewals for working capital lines of credit, commercial real estate loans, term loans, formula based lines of credit, traditional asset based lines of credit and other Bank lending products.  The analyst reviews the loan structure, financial spreads, entity structures, collateral, market data and 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 reviews.

     

     

    Responsibilities

    • Performs 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.
    • Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; may meet with existing or potential customers; visiting sites of loans; negotiates loan terms and conditions; refers and recommends acceptance to Credit Administration.
    • Ensures that credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
    • Performs financial statement spreading and analyses for individuals and various types of businesses.
    • Renders assistance to lending officers on credit matters and loan structures.
    • Ongoing active participation in formal and informal training is essential to this role. The individual is expected to continue to build upon credit analysis skills and act as a mentor to more junior team members.
    • Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.
    • Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.
    • Cross-sells the Bank’s other products and services, referring customers to appropriate staff as indicated.
    • Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.
    • Understands business implications of decisions; displays orientation to profitability, demonstrates knowledge of market and competition; aligns work with strategic goals.

    Qualifications

    Bachelor’s degree (BA) or equivalent from a four (4) year college or university and five (5) or more years related experience and/or training; or the equivalent combination of education and experience.  Work related experience should consist of a financial analyzing or lending background.  Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.

     

    • Intermediate experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
    • Intermediate experience, knowledge and training in all lending activities and terminology.
    • Intermediate knowledge of commercial, construction, real estate and consumer loan processing.       
    • Intermediate to advanced knowledge of related state and federal lending and compliance regulations, and other Bank lending policies.
    • Ability to develop marketing and business development skills with customers.
    • Proficiency in personal computer including mainframe computer, word processing and spreadsheet software (i.e., Microsoft Word, Excel, etc.).
    • Intermediate to advanced math skills.
    • Excellent oral, written and interpersonal communication skills.  
    • Current state driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

     

     

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