Commercial Underwriter
Loan Administration Network, Inc. (LANI), Irvine, CA, United States
Commercial Underwriter - Contract
Office Location:
Irvine, CA
Position Summary
Beach Cities Commercial Bank is looking to contract a Commercial Underwriter who is responsible for analyzing the financial strength, creditworthiness, and risk profile of existing and prospective business clients. They gather, analyze, and interpret financial information to structure credit transactions - such as lines of credit, term loans, and commercial real estate loans -that align with the bank's risk appetite and lending policies. The underwriter prepares comprehensive credit memoranda, makes recommendations to loan committees, and monitors portfolio performance to manage risk.
Key Responsibilities Financial Analysis & Risk Assessment: Perform in-depth analysis of financial statements, tax returns, and cash flows for Commercial & Industrial (C&I) and Commercial Real Estate (CRE) clients. Calculate and evaluate key metrics like debt service coverage ratios (DCR) and loan-to-value (LTV). Loan Structuring & Underwriting: Structure new credit requests, renewals, and modifications. Identify risks and propose appropriate mitigants, such as collateral, guarantees, or financial covenants to comply with the Banks loan policy. Credit Memorandum Preparation: Prepare clear, concise Credit Memorandums (CM's), documenting the borrower's operating performance, industry trends, and risk rating recommendations. Portfolio Management: Monitor assigned portfolio for covenant compliance, track financial reporting requirements, and proactively indentify warning signs of deteriorating credit quality. Documentation & Compliance: Ensure all loan documentation adheres to internal policy and regulatory standards. Work with legal counsel and loan operations to finalize loan agreements. Collaboration: Partner with Relationship Manager (RMs) and Credit Officers to present credit information to management or the Loan Committee. Participate in credit calls as needed.
Required Qualifications
Education: Bachelor's degree in Finance, Accounting, Economics, or a related field. Experience: 3-5+ years of experience in commercial lending, credit analysis, SBA lending, or portfolio management. Skills Strong underwriting of GAAP accounting principles and financial statement analysis. Proficiency in financial spreading software (e.g., Baker-Hill, Moody's Analytics, nCino) and Microsoft Excel. Excellent written and verbal communication skills for presenting complex credit topics. Ability to work under time pressure in a fast-paced, high-volume environment.
Knowledge: Working knowledge of SBA, C&I, and CRE loan products.
Preferred Qualifications
Formal Credit training (e.g., RMA or Omega). Experience with specific industry sectors or SBA 504/7(a) programs. Experience in a client-facing role.
Key Performance Metrics
Turnaround time for loan underwriting and memo preparation. Quality and completeness of credit memos. Accuracy of risk rating assignments. Portfolio performance (delinquencies
on-performing assets).
Additional Information
This job description outlines the general nature and level of work performed. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.
Office Location:
Irvine, CA
Position Summary
Beach Cities Commercial Bank is looking to contract a Commercial Underwriter who is responsible for analyzing the financial strength, creditworthiness, and risk profile of existing and prospective business clients. They gather, analyze, and interpret financial information to structure credit transactions - such as lines of credit, term loans, and commercial real estate loans -that align with the bank's risk appetite and lending policies. The underwriter prepares comprehensive credit memoranda, makes recommendations to loan committees, and monitors portfolio performance to manage risk.
Key Responsibilities Financial Analysis & Risk Assessment: Perform in-depth analysis of financial statements, tax returns, and cash flows for Commercial & Industrial (C&I) and Commercial Real Estate (CRE) clients. Calculate and evaluate key metrics like debt service coverage ratios (DCR) and loan-to-value (LTV). Loan Structuring & Underwriting: Structure new credit requests, renewals, and modifications. Identify risks and propose appropriate mitigants, such as collateral, guarantees, or financial covenants to comply with the Banks loan policy. Credit Memorandum Preparation: Prepare clear, concise Credit Memorandums (CM's), documenting the borrower's operating performance, industry trends, and risk rating recommendations. Portfolio Management: Monitor assigned portfolio for covenant compliance, track financial reporting requirements, and proactively indentify warning signs of deteriorating credit quality. Documentation & Compliance: Ensure all loan documentation adheres to internal policy and regulatory standards. Work with legal counsel and loan operations to finalize loan agreements. Collaboration: Partner with Relationship Manager (RMs) and Credit Officers to present credit information to management or the Loan Committee. Participate in credit calls as needed.
Required Qualifications
Education: Bachelor's degree in Finance, Accounting, Economics, or a related field. Experience: 3-5+ years of experience in commercial lending, credit analysis, SBA lending, or portfolio management. Skills Strong underwriting of GAAP accounting principles and financial statement analysis. Proficiency in financial spreading software (e.g., Baker-Hill, Moody's Analytics, nCino) and Microsoft Excel. Excellent written and verbal communication skills for presenting complex credit topics. Ability to work under time pressure in a fast-paced, high-volume environment.
Knowledge: Working knowledge of SBA, C&I, and CRE loan products.
Preferred Qualifications
Formal Credit training (e.g., RMA or Omega). Experience with specific industry sectors or SBA 504/7(a) programs. Experience in a client-facing role.
Key Performance Metrics
Turnaround time for loan underwriting and memo preparation. Quality and completeness of credit memos. Accuracy of risk rating assignments. Portfolio performance (delinquencies
on-performing assets).
Additional Information
This job description outlines the general nature and level of work performed. It is not intended to be an exhaustive list of all responsibilities, duties, and skills required.