Commercial C&I Underwriter

First Bank; Newport Beach (CA); On-site; USD 110,000 - 150,000; Full time

Job summary

First Bank in Newport Beach, CA is seeking an experienced Commercial Underwriter to evaluate and structure credit for complex transactions, with emphasis on commercial real estate. The role includes preparing approval offerings, collaborating with relationship managers, and supporting the executive loan committee.

The ideal candidate has a strong underwriting background, independent judgment, and the ability to manage multiple priorities in a fast-paced financial services environment.

Qualifications

• Bachelor's degree (B.A.) or BB or MBA from four-year college or university.
• A minimum of five years experience in a financial services environment.
• Completion of a formal commercial credit training program (or equivalent work experience in this field)
• Proficient in Microsoft Office
• Works well in a dynamic environment, managing multiple tasks and an, at times, stressful environment
• The ability to execute these job responsibilities independently and autonomously as well as to collaborate with team members is an important aspect of the position.

Responsibilities

• Preparing credit approval offerings for all types of transactions, primarily focused on commercial real estate transactions.
• Comprehensive knowledge of underwriting activities, practices, tools and considerations, and the ability to manage the underwriting process.
• Working independently with little oversight.
• Using independent judgement to identify and mitigate risks, prepare offerings and risk ratings by analyzing credit, collateral and financial worthiness of borrowers, guarantors and credit structure.
• Actively participating in the deal team, working closely with relationship managers, senior leaders and credit administration.

Skills

Independent judgement

Team collaboration

Multi-tasking under pressure

Autonomy

Education

Bachelor's degree (B.A.) or BB or MBA

Tools

Microsoft Office

Job description

Commercial Underwriter

The Commercial Underwriter within Credit Administration possesses a thorough knowledge of all types of commercial credit transactions and complexity levels. Participate in special assignments and projects as appropriate.

What You Will Be Doing

• Preparing credit approval offerings for all types of transactions, primarily focused on commercial real estate transactions. Credit approval documents will include but not be limited to new and renewed loan offerings and modifications. May include various pre- and post-approval activities as necessary.
• Comprehensive knowledge of underwriting activities, practices, tools and considerations, and the ability to manage the underwriting process. Expect to serve as a resource on credit structuring, economic and industry research and analysis.
• Working independently with little oversight.
• Using independent judgement to identify and mitigate risks, prepare offerings and risk ratings by analyzing credit, collateral and financial worthiness of borrowers, guarantors and credit structure. Ensuring credit quality and portfolio integrity are given the highest consideration when making credit recommendations.
• Actively participating in the deal team, working closely with relationship managers, senior leaders and credit administration. Direct client interaction, as needed.
• Providing recommendations on credit decisions for Executive Loan Committee supported by objective commentary and analysis. Expect to actively participate in committee presentations and discussion.
• Developing a strong working knowledge of the Bank's internal commercial loan policy, ensuring compliance and any relevant exceptions are identified and mitigated.
• Ongoing portfolio monitoring and servicing with renewals, amendments, modifications and relationship reviews, if applicable. Work with Credit Review team to ensure file inconsistencies and inaccuracies are resolved.

• Bachelor's degree (B. A.) or BB or MBA from four-year college or university
• A minimum of five years experience and/or training in a financial services environment
• Completion of a formal commercial credit training program (or equivalent work experience in this field)
• Proficient in Microsoft Office
• Works well in a dynamic environment, managing multiple tasks and an, at times, stressful environment
• The ability to execute these job responsibilities independently and autonomously as well as to collaborate with team members is an important aspect of the position.