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CalPrivate Bank · 8 hours ago

Sr. Underwriter

Newport Beach, CA

Full-time

Onsite

Senior Level

$128K/yr - $165K/yr

5+ years exp

CalPrivate Bank is a financial institution seeking a Senior Commercial Underwriter to underwrite and communicate loan requests while providing exemplary client service. The role involves analyzing information, preparing Credit Memorandums, and supporting loan processors to close approved loans.

BankingCommercial LendingFinanceFinancial Services

Responsibilities

Develop “needs” list for loan requests and communicate to Relationship Manager or borrower as appropriate

Receive and analyze information and prepare Credit Memorandum or assist Relationship Manager as needed. Underwriting duties will include spreading of financial statements and/or tax returns, borrower and global cash flow analysis, collateral analysis, and identifying key risks and mitigating factors. Underwriting for both new originations and renewals will be primarily comprised of the following loan types: commercial real estate loans, commercial and industrial loans to operating companies, unsecured and other specialized loans to high net worth individuals

Submit Credit Memorandums to loan approvers and provide support to loan processors as needed to close approved loans

This position includes direct or indirect interaction with customers and other employees and therefore includes responsibilities relating to BSA/AML. The employee will have opportunity to examine and view information and documents produced by other employees of the Bank relating to BSA and therefore has the obligation to report suspicious activity to the BSA Officer as appropriate. The employee is responsible for understanding and following the Bank’s BSA/AML policies including elevating suspicious activity to the BSA Officer. Additionally, the employee is required to understand and follow the Bank’s compliance program

Qualification

Commercial loan underwritingLoan portfolio managementBanking procedures knowledgeAnalytical abilitiesProject management skillsCommunication skillsTime management skillsProblem-solving skillsTeam collaborationSelf-motivation

Required

Bachelors Degree in Finance, Business Management, Accounting or related field

At least five years commercial loan underwriting, loan portfolio management or equivalent at a commercial bank or thrift

Comprehensive knowledge of banking procedures, lending and practices to include regulatory rules and guidelines affecting Bank lending operations, commercial lending and real estate lending

Excellent organizational, time management and project management skills

Ability to work under pressure on time sensitive assignments

Skilled at underwriting complex loan structures and adept at interacting with sophisticated borrowers

Proficient PC skills to include spreadsheet, word-processing, database systems and other software utilized by the department

Strong analytical abilities and problem-solving skills

Ability to coordinate and work collaboratively with internal and external contacts on a daily basis

Knowledge and experience to anticipate, identify and resolve problems

Self-motivation and organizational skills

Excellent written/verbal communication and presentation skills

Ability to work as part of a team and assist others as needed