VP, Underwriter, CRE
Beneficial State Bank, Fresno, CA, United States
VP, Underwriter
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. Essential Duties: 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 Role Competencies/Skills: Attention to Detail Collaboration & Communication Diversity & Inclusion Execution & Ownership Time Management Environment, Physical & Mental Activities: The incumbent is in a non-confined office-type setting in which they are free to move about at will. It may include some minor annoyances such as noise, odors, drafts, etc. For Hybrid and Remote roles, work may also be performed away from BSB worksites depending on the position and requirements. For Hybrid/Remote work, employees are required to have an environment when working at home that has a dependable, high-speed internet connection and environment conducive to frequent phone or internet calls where private, confidential or other information is not visible, able to be overheard, or physically or electronically accessible to anyone else. The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 10 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching. The incumbent for this position may operate any or all of the following: personal computer, cellular telephone, printer, fax, and other standard office equipment. The incumbent in this position must be able to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks and constant interruptions. The work environment characteristics, physical and mental demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Position Requirements: Minimum Qualifications: 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 Preferred Qualifications: Previous underwriting experience in C&I, SBA, and Business Banking is a plus Compensation
The posted pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role but may include ranges from the different geographies where this position may be based. New employees' starting pay is usually from the start of the range to approximately 25% of the max, more qualified and/or experienced employees may start near the middle of the range for their geography. We may ultimately pay more or less than this range. Compensation for our organization is based on factors that include the role, required knowledge, skills, abilities and competencies, and candidates' relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. Our pay ranges are based on national living wage indexes, such as MIT's living wage index, to enable us to pay our employees beyond what are standard practices for many employers, and also take into account geographically-specific recent compensation market survey data for each position. Benefits
Beneficial State Bank's benefits include a comprehensive package designed to support you and your eligible dependents. We focus on the holistic health of our team members and promote work-life balance. Our benefit package includes: 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 You are welcome here at Beneficial State Bank. We are an equal opportunity employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, national origin, gender identity, disability or veteran status.
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. Essential Duties: 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 Role Competencies/Skills: Attention to Detail Collaboration & Communication Diversity & Inclusion Execution & Ownership Time Management Environment, Physical & Mental Activities: The incumbent is in a non-confined office-type setting in which they are free to move about at will. It may include some minor annoyances such as noise, odors, drafts, etc. For Hybrid and Remote roles, work may also be performed away from BSB worksites depending on the position and requirements. For Hybrid/Remote work, employees are required to have an environment when working at home that has a dependable, high-speed internet connection and environment conducive to frequent phone or internet calls where private, confidential or other information is not visible, able to be overheard, or physically or electronically accessible to anyone else. The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 10 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching. The incumbent for this position may operate any or all of the following: personal computer, cellular telephone, printer, fax, and other standard office equipment. The incumbent in this position must be able to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks and constant interruptions. The work environment characteristics, physical and mental demands described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Position Requirements: Minimum Qualifications: 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 Preferred Qualifications: Previous underwriting experience in C&I, SBA, and Business Banking is a plus Compensation
The posted pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role but may include ranges from the different geographies where this position may be based. New employees' starting pay is usually from the start of the range to approximately 25% of the max, more qualified and/or experienced employees may start near the middle of the range for their geography. We may ultimately pay more or less than this range. Compensation for our organization is based on factors that include the role, required knowledge, skills, abilities and competencies, and candidates' relevant education, qualifications, certifications, experience, skills, seniority, location, performance, union contract and business needs. Our pay ranges are based on national living wage indexes, such as MIT's living wage index, to enable us to pay our employees beyond what are standard practices for many employers, and also take into account geographically-specific recent compensation market survey data for each position. Benefits
Beneficial State Bank's benefits include a comprehensive package designed to support you and your eligible dependents. We focus on the holistic health of our team members and promote work-life balance. Our benefit package includes: 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 You are welcome here at Beneficial State Bank. We are an equal opportunity employer and all qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, national origin, gender identity, disability or veteran status.