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Central Pacific Bank · 1 month ago

Underwriter I - Direct Commercial Real Estate

Honolulu, HI

Full-time

Onsite

Mid Level

$47K/yr - $61K/yr

4+ years exp

Central Pacific Bank is looking for an Underwriter I to assist loan officers with structuring, underwriting, and servicing real estate loans. The role involves reviewing financial information, preparing Credit Approval Memorandums, and managing customer relationships to meet loan targets.

BankingFinancial Services

Responsibilities

Actively support the Team Leader and Loan Officer to review new loan requests from existing and prospective CRELD borrowers by providing underwriting support

Provide support for Loan Officers efforts to generate new commercial mortgages and construction loans to meet annual production goals and objectives. Assist Loan Officers to proactively address upcoming loan requests

Review and analyze the borrower’s financial information and financial condition, order appraisal reports, order environmental reports, prepare guarantor global cash flows, and access other internal and external sources of information

Recommend appropriate loan structures to meet the needs of both the customer and the Bank and assist in resolving any issues

Prepare Credit Approval Memorandums with clear, concise, and timely loan request presentations reviewing the strengths, weaknesses and potential risks of the credit to document the underwriting decision and supporting rationale to ensure the loan meets the Bank’s loan quality targets, lending policies, and lending guidelines

Review tickler inputs, and coordinate with the Documentation Specialists on items needed to be sent to Documentation Center for booking

For loan draw requests, review construction loan draws and inspection reports and review line draws for approval and any applicable collateral releases

Actively participate in Bank-sponsored community events

In the absence of the Loan Officer, manage the Loan Officer’s responsibilities along with a Team Leader/Loan Officer in the Lending Team

Assist the Team Leader and Loan Officer with portfolio management responsibilities to meet the Bank’s objectives of maintaining a high quality commercial mortgage and construction loan portfolio and to minimize exceptions and maximize compliance

Proactively manage customer relationships to meet commercial mortgage and construction loan runoff projections and CRELD deposit goals and objectives

Prepare Modification Memorandums, Term Loan Reviews, Asset Quality Reports, and Compliance and Risk Rating Validations for the assigned Lending Team loan portfolio

Proactively contact borrowers and guarantors with the Team Leader/Loan Officer for updated financial information prior to due dates to ensure timely submissions. Arrange to import the financial information into nCino and Info Access on a timely basis

Assists Loan Officers with management of assigned loan portfolios to minimize exceptions and maximize compliance

Verify the accuracy of tickler items in nCino and Info Access with the Credit Approval Memorandums, Modification Memorandums, Compliance and Risk Rating Validation (CRRV), and Loan Agreements. Prepare waivers and extension memorandums for tickler items prior to tickler due dates

Review and analyze financial statements and tax returns upon receipt from the customer on a timely basis and input financial statements into the Bank’s financial statement spreading program as applicable

Assist to proactively manage and diligently monitor CRELD loan delinquencies and maturing loans in the Lending Team’s loan portfolio and take appropriate actions as required

Provide updates and timely comments for CRELD loan portfolio review reports for credit discussions with Credit Administration

Reviews commitment letters and loan documents as necessary in the management of the portfolio

Review and prepare Memorandums for EDR collateral screen follow-up actions as required

Prepare covenant compliance tracking reports to track loan compliance

Complete the Criticized Asset Check List requirements for loans downgraded to 7 or worse

Provide updates and comments for the Portfolio Review Reports and prepare portfolio management reports as assigned

Support the Team Leader, Loan Officer, and overall CRELD goal of maintaining 60+ days past due ticklers below 10%

Contribute to and support CRELD achieving satisfactory annual audit ratings and FDIC examination reviews

Qualification

Commercial Real EstateCommercial LendingFinancial AnalysisPortfolio ManagementCredit Approval MemorandumsSolution OrientedThoroughnessActive ListeningOral CommunicationWritten Communication

Required

High School Diploma or GED equivalency required

4+ years of experience in commercial real estate, commercial lending, banking, financial services or equivalent work experience required. (Bachelor's and/or relevant internships can be substituted for 2 years of required experience.)

Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated

Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications

Must be able to clearly communicate verbally and in writing with all internal and external customers

Must also be able to hear sufficiently to engage in daily discussions and interactions

Must be able to read and understand bank-related documents

Must be able to work in a conventional office setting, involving sitting at a desk or workstation for long periods of time

Must also be able to adapt to different work environments as needed to perform the job