Assistant Vice President, Commercial Underwriting - Commercial Real Estate (CRE)

Company: Disability Solutions
Location: Phoenix
Posted on: March 12, 2025

Job Description:

Job Title:Assistant Vice President, Commercial Underwriting - Commercial Real Estate (CRE)Location:CityScapeWhat you'll do:Our Commercial Real Estate team is seeking an Underwriter to be responsible for analyzing, structuring, underwriting and coordinating the closing of major and complex commercial loans in compliance with the Bank's lending policies and procedures. The Portfolio Manager will work with the Relationship Manager to manage loans to ensure the credit risks are responsibly monitored and identified. This position will assist in attaining established Bank, region and branch goals through active participation in underwriting and closing desirable credits with the Relationship Manager. The Underwriter is responsible for assuring compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations

• Assess strengths/risks, analyze financial strength, and assist with formulating loan structure in order to prepare Opportunity Memos and Loan Presentations for Credit Approval
  • Ensure completeness and accuracy of information presented for Credit Approval inclusive of incorporating changes recommended by applicable reviewers (i.e. Peer Reviewer, Lead Underwriter, Loan Officer, Real Estate Manager)
  • Support Loan Officer in presenting the Credit Approval to Loan Committee
  • Assist Portfolio Managers in proactively managing the relationships by recommending changes or enhancements to the credit based on continual review of the credit file and evolving risk profile
  • Act as primary contact person for the Borrower and track status of necessary due diligence items to aid the Loan Closer through the Documentation/Closing process
  • Facilitate Loan Documentation process by working with Loan Closer to ensure drafted Loan Documents are accurate and in line with Loan Approval
    • Collaborate with Loan Officer to negotiate loan documents with the Borrower and track and obtain approval from Credit for any meaningful changes which deviate from the original Credit Approval - prepare Admin. Action Memo and other Closing Memos as necessary
    • Assist Portfolio Manager in reviewing financial reporting requirements and covenants in Loan Approval and Loan Documentation to ensure accuracy prior to loan closing
    • Assist Portfolio Manager in the collection of past due reporting items from the Customer
      • Verify compliance with documented covenants, as tested by Portfolio Manager
      • Assist Portfolio Manager in escalating Borrower's potential negative financial trends for discussion/resolution with Management
      • Assist Portfolio Manager in obtaining current loan status updates for the purposes of reporting on Relationship Reviews / Loan Status Reports / Credit Portfolio Reviews
      • Along with Portfolio Managers, work to establish "Best Practices" and further specific goals as set forth by Management. Specific projects to be determined, but current goals include:
        • Standard "Market Data" section format within approvals incorporating Zonda information and appraisal information
        • Standard formats for various forms of financials analysis: Equity Sponsor, Traditional Homebuilder (to include margin analysis, inventory/current projects details, debt schedule, etc.), Homebuilder/JV ManagerWhat you'll need:
          • Bachelor's Degree from a 4 year college or university degree, preferably in Finance or Accounting
          • Minimum 5 years Commercial underwriting experience at a financial institution.
          • Exceptional credit knowledge and underwriting skills in Commercial Real Estate lending.
          • Advanced experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
          • Strong portfolio management skills allowing for timely identification of credit concerns by bringing items of concern to the Relationship Managers attention;
          • Outstanding presentation, verbal and written communication skills.
          • Ability to work well with others in a collaborative team environment.
          • Excellent ability to juggle multiple credit requests at once.
          • Self-starter, entrepreneurial attitude and an upbeat positive outlook.Benefits you'll love:We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!About the company:Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. - Western Alliance Bancorporation

Keywords: Disability Solutions, Phoenix , Assistant Vice President, Commercial Underwriting - Commercial Real Estate (CRE), Executive , Phoenix, Arizona