Commercial Loan Underwriter - To $115K - Los Angeles, CA - Job # 2118
Company: The Symicor Group
Location: Los Angeles
Posted on: September 21, 2023
Job Description:
Commercial Loan Underwriter - To $115K - Los Angeles, CA - Job #
2118Who We AreThe Symicor Group is a boutique talent acquisition
firm based in Lincolnshire, IL & San Antonio, TX. Our nationally
unique value proposition centers around providing the very best
available banking and accounting talent. In fact, most of our
recruiters are former bankers or accountants themselves!We know how
to evaluate the very best banking and accounting talent available
in the market. Whether you are a candidate seeking a new
opportunity or a bank or company president trying to fill an
essential position, The Symicor Group stands ready to deliver
premium results for you. The Position Our bank client is seeking to
fill a Commercial Loan Underwriter role in the Los Angeles, CA
market. The successful candidate will work closely with Business
Loan Advisors to identify and manage the risk of commercial loan
requests up to the credit union's lending limitations. The
candidate provides an independent comprehensive analysis of complex
ownership structures and cash flow sources for commercial loans and
relationships.This position comes with a generous salary of up to
$115K and a full benefits package.Commercial Loan Underwriter
responsibilities include:
- Supporting loan and revenue growth through identification and
management of risk and identification of alternative lending
structures or terms when in the best interest of the credit union
to meet policy standards.
- Preparing and/or updating appropriate financial spreads within
credit analysis software in accordance with established credit
analysis procedures.
- Reviewing loan requests submitted through underwriting workflow
for completeness communicating any deficiencies with Business Loan
Advisors to meet required decision turn-around expectations.
- Preparing financial models on proposed commercial real estate
transactions including submissions for rehabilitation and
construction projects.
- Determining the likelihood of repayment through historical and
projected cash flow analysis to derive regular recurring cash flow
available for debt service net of material non-recurring and
extraordinary items.
- Completing the appropriate risk rating model and submitting the
finalized recommended risk rating to VP of Credit Risk for
approval.
- Preparing a comprehensive credit memorandum including detailed
financial and credit analysis, strength and weaknesses of the
credit, and identification and mitigation of policy
exceptions.
- Conducting in-depth review and analysis of commercial real
estate requests inclusive of rent rolls, leases, balance sheets,
income statements, and tax returns presented by applicants to
assess the ability of the project to generate income sufficient to
repay existing and proposed debt.
- Finalizing credit package with conditions precedent as needed
to ensure documentation personnel has a complete approval
package.
- Preparing Loan Summary Report and export file for documentation
personnel.
- Attending all departmental meetings prepared to discuss current
workflow including the status of active underwriting requests and
any loan package deficiencies delaying credit decisions.
- Serving as back-up support for other Business Solutions
functions on as-needed basis.Who Are You?You're someone who wants
to influence your own development. You're looking for an
opportunity where you can pursue your interests and your passion.
Where a job title is not considered the final definition of who you
are, but merely the starting point for your future.You also bring
the following skills and experience:
- Bachelor's degree preferred in finance or accounting, with a
minimum of four (4) Accounting courses (12 hours) or equivalent
experience analyzing business and personal tax returns.
- Five or more years' experience as a commercial credit
analyst.
- Must be detail-oriented and be able to read, understand, and
closely follow Commercial Board Policy and all pertinent standard
operating procedures.
- Strong understanding of risk grading policy and application to
each borrowing relationship.
- Self-starter with independent decision-making ability and
effective deductive reasoning to complete tasks under minimal
supervision.
- Excellent verbal and written communication skills.
- Possess a high level of problem-solving skills and sound
judgment with the ability to communicate in a clear, concise
manner.The next step is yours. Email us your current resume along
with the position you are considering to:
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Keywords: The Symicor Group, Los Angeles , Commercial Loan Underwriter - To $115K - Los Angeles, CA - Job # 2118, Accounting, Auditing , Los Angeles, California
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