Director of Commercial Loan Underwriting

Mechanics Bank; Irvine (CA); On-site; USD 150,000 - 210,000; Full time

Job summary

A prominent financial institution is seeking a Director of Commercial Loan Underwriting to manage loan requests and oversee quality control in California. The ideal candidate will have over 10 years of experience in commercial lending and a strong background in credit risk analysis. This role offers a competitive salary and comprehensive benefits package.

Benefits

Medical, dental, and vision coverage

401(k) with company contribution

Tuition Reimbursement Program

Paid holidays and vacation days

Qualifications

• Minimum of 10 years of experience in Commercial/Business lending, underwriting, and portfolio management.
• 5 years of management/leadership experience preferred.
• Thorough understanding of loan facility structures and accounting principles.

Responsibilities

• Oversee underwriting and workflow management to ensure adherence to standards.
• Manage and develop team members on banking policies and processes.
• Coordinate preparation of credit comments and problem loan reports.

Skills

Commercial lending experience

Credit risk analysis

Loan presentation review

Excellent communication skills

Problem-solving skills

Education

Bachelor's degree

Job description

Overview

Mechanics Bank is seeking a Director of Commercial Loan Underwriting to join our team in Roseville, California. This role may also be based in Walnut Creek or Irvine, California.

Responsible for leadership and coordination of staff to consistently underwrite and analyze loan requests across all teams in accordance with Bank and Department policies and procedures. Involves active involvement in deal structure / concept memo review and preflight process for larger or more complex transactions, to assess early viability of requests. Oversees quality control across underwriting team, which may include reviewing larger transactions. Responsible for training staff on credit risk analysis to ensure risks are addressed and consistent standards and practices are applied. Provides oversight of portfolio credit quality and overall regional portfolio management, with primary interaction with internal loan review.

What you will be doing

• Oversees overall underwriting and workflow management, including attending pipeline meetings and deal discussions when appropriate, and ensures adherence to consistent underwriting standards.
• Oversees Portfolio Management quality within designated regions to ensure timely collection, testing of borrower financials, site visits, covenant testing and other follow-up including review of waivers or forbearance requests and letters prior to issuance.
• Oversees coordination and preparation of watch list credit comments & problem loan reports for the assigned region.
• Ensure adherence to regulatory requirements; adhere to bank policies and procedures.
• Manage, develop and coach team members to ensure understanding of bank lending and underwriting policies and processes.

Who you are

• Bachelors degree preferred. Additional experience may be considered in lieu of degree.
• Required: Minimum of 10 years of experience in all areas/types of Commercial/Business lending, underwriting and portfolio management including C&I, SBA, and Investor Real Estate.
• 5 years of management/leadership experience is preferred.
• Travel required: 20-30%
• Ability to logically review loan presentations for accuracy and thorough understanding of the credit and its associated risks and mitigants.
• Thorough knowledge of standard loan facility structures used to address various borrowing purposes and repayment sources.
• Thorough understanding of accounting principles and practices, economics and business acumen.
• Must possess excellent communication skills and customer service skills with a high level of professionalism, whether on the phone, in person, or in writing.
• Demonstrated ability to problem solve and work in an organized manner on multiple projects.

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Salary: $150,000 - $210,000 annually

AIP/Bonus: up to 25%

Benefits

Our comprehensive employee benefits program is designed for you to live your best life at work, home, and everywhere in between. Employees working 25 hours or more per week are eligible for health benefits effective the first day of the month following or coinciding with their date of hire. Benefits package includes:

• Medical, prescription, dental, and vision coverage for employees and their eligible family members
• Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
• Health Savings Account with employer contribution
• Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
• 401(k) and Roth 401(k) with company contribution
• 529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
• Supplemental Health plans, Voluntary Legal and Identity Theft Services
• 11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
• Free personal checking and savings account; Discounted rates on primary residence loan with $0 origination fees (restrictions apply)

Final compensation package will be determined by work experience, education, and/or skill level of the applicant along with internal equity and alignment with geographic market data.

Equal Opportunity

• Mechanics Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, religion, national origin, age, genetic information, veteran status, or on the basis of disability, gender identity, or other bases prohibited by applicable law.

• Please view Equal Employment Opportunity Posters provided by OFCCP here.

• To learn more about Mechanics Bank's California privacy and security policies, including your right to a Notice At Collection as a California Resident, please visit California Privacy Policy for Prospective Employees | Mechanics Bank

The benefits listed in this job posting reflect the Bank's most reasonable and genuinely expected benefits offered for this position.