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Ascent Developer Solutions · 7 hours ago

Senior Underwriter

Los Angeles, CA

Full-time

Hybrid

Senior Level

$150K/yr - $175K/yr

5+ years exp

Ascent Developer Solutions is a leading private lending platform serving real estate developers nationwide. The Senior Underwriter role is pivotal to Ascent's lending strategy, ensuring excellence across commercial and construction loan portfolios while fostering a collaborative team environment and developing the Underwriting team.

Financial ServicesReal Estate Investment

Responsibilities

Oversee Underwriting at both Sponsor and Loan level, Portfolio Monitoring, and Compliance

Provide working knowledge and input to Credit Policy, Front-End Guidance, and credit support documents

Develop and mentor the Underwriting and Credit Analysis team

Recommend and implement the best practices as part of the Companys dedication to creating an industry-leading customer experience

Develop efficient and timely Underwriting processes, and ongoing monitoring improvement opportunities

Produce concise, complete, consistent, and accurate work products for approval authority(s), primarily Credit Approval Documents and Underwriting Packages

Develop and maintain effective working relationships with Sales leadership and the Sales support team

Educate and lead the Underwriting team to ensure accurate and efficient assessment of credit risk

Adhere to underwriting policies, guidelines, and procedures that align with industry standards and regulatory requirements; recommend enhancements thereof

Evaluate and analyze financial statements, credit reports, and other Underwriting data to inform prudent lending decisions

Develop consistent and effective processes for both initial and ongoing Sponsor-only assessments

Partner in the development and maintenance of effective portfolio assessment, monitoring, and management processes, including problem loan identification

Implement risk mitigation strategies to maintain portfolio quality

Remain current with changes in regulations and translate to Underwriting operations

Collaborate with the compliance team to enable compliant Underwriting policies and procedures

Recruit, train, and mentor Underwriters and Credit Analysts in support of a high-performing, high morale team

Foster a collaborative and inclusive team culture that encourages both innovation and continuous improvement

Qualification

Construction Project UnderwritingCredit Risk ModelingFinancial AnalysisPortfolio ManagementRegulatory ComplianceLeadership ExperienceTeam DevelopmentFinancial Software ProficiencyInterpersonal SkillsWritten Communication