Apply on Employer Site

Poppy Bank · 21 hours ago

VP, Senior Commercial Loan Underwriter

Dallas,TX,US

Full-time

Onsite

Mid, Senior Level

7+ years exp

Poppy Bank is seeking a VP, Senior Commercial Loan Underwriter responsible for underwriting commercial loans with minimal supervision. The role involves analyzing credit information, ensuring compliance with banking regulations, and collaborating with lenders and borrowers to facilitate loan processing.

BankingFinancial ServicesLending

Responsibilities

Review loan application files to verify that application data is complete and meets established standards, including type and amount of loan, borrower assets and liabilities

Underwrite and evaluate commercial loan requests from origination through closing, including initial credit approval, conditions and post-closing oversight

Prepare credit memorandums and detailed credit analysis for inclusion in Bank credit authorization

Analyze financial statements, tax returns (both business and personal), projections, cash flow, debt service coverage, leverage, liquidity, and collateral

Assess business models, industry risks, market position, and management strength

Review and interpret appraisal, environmental, valuation, title, and third-party reports

Ensure compliance with all applicable, program rules, and lender/commercial documentation requirements

Perform and document risk assessment on loan requests. Verifies accuracy of information provided

Work directly with Lenders and borrowers to discuss issues, ask questions and make financial and covenant recommendations as necessary

Review and analyze appraisal assumptions and methodologies; incorporate appraisal information into Bank credit authorization. Evaluates and verifies all collateral on all secured loans and prepares reports of findings

Works closely with all parties to assist in timely processing, credit approval, and closing of new loan requests

Minimum of 10 hours CRA volunteer hours per year. Volunteer hours are typically scheduled within business hours. This is compensable time and mileage is reimbursed

Perform all aspects of General Contractor analysis and qualification

Create and maintain budget spreadsheets

Coordinate and monitor construction inspections with third party inspector

Provide customer service for clients, inspectors, project managers, and Loan Administration staff

Coordinate draw funding with Loan Operations staff

This job has no supervisory responsibilities at this time but may be required to provide mentoring support and/or direct supervision for Credit Analyst positions within the CAPS Department

Qualification

Commercial Loan UnderwritingCredit AnalysisFinancial ModelingBaker HillSenior Housing SectorMulti-taskingCommunication SkillsAttention to DetailOrganizational Skills

Required

Bachelor's degree in Finance, Accounting, Economics, Business or related field

Requires a minimum of 7 years of Commercial Real Estate & Business Loan underwriting experience, with at least 3 years of specifically in Senior Housing sector and with bond financing structure experience

Strong math skills and credit analysis capabilities – financial modeling, ratio analysis, stress testing, sensitivity analysis

Excellent written and verbal communication skills, including the ability to prepare clear and well thought credit memos

Requires computer experience and proficiency with word processing, spreadsheets and database management

Familiarity with loan originating system (preferably Baker Hill)

Attention to detail, organizational skills, ability to manage multiple loan transactions and meet deadlines

Ability to work scheduled full-time hours and maintain regular attendance

Ability to multi-task in a fast-paced environment

Benefits

Minimum of 10 hours CRA volunteer hours per year. Volunteer hours are typically scheduled within business hours. This is compensable time and mileage is reimbursed.