Underwriter (Commerical Loan)

EverTrust Bank; Milpitas (CA); On-site; USD 90,000 - 140,000; Full time

Job summary

EverTrust Bank in Milpitas, CA seeks a Commercial Loan Underwriter to perform financial and credit analysis, prepare credit recommendations, and support underwriting and closing for commercial loans.

You will monitor portfolio performance and assist with monthly reporting, borrower interviews, and documentation to ensure compliance and asset quality while helping grow client relationships.

Qualifications

• BA/BS degree in Business, finance or related field or equivalent experiences.
• 1+ years of directly related experience.
• Strong PC skills and excellent credit and analysis skills.
• Excellent verbal and written communication skills.
• Knowledge of credit, spread analysis, finance and lending procedures.

Responsibilities

• Assist Team Leader/Loan Officers with commercial loan requests, interview borrowers to determine credit qualifications and borrowing needs; analyze borrowers’ information/financial statements, collateral and tax returns to determine ability to pay; conduct forecast analysis, assist in preparing and underwriting credit approvals for review; support calling officers and coordinate activity in credit approval process.
• Order loan documentation to evidence debt and ensure perfection of security interests in compliance with regulatory and legal requirements; assist senior loan officers with review of loan documentation before signing with clients.
• Covenant testing for trade finance and asset-based lending borrowers to ensure credit worthiness and compliance.
• Site inspections (Site Inspection Report), review of Construction Progress Report and recommendation of hard/soft loan draws, transfer and change orders for construction and real estate loans.
• Order documents with the credit department related to underwriting process: TRW, Appraisal, Environmental reports, OFAC, Preliminary reports, Title reports, Title Insurance, and Asset Review reports.
• Monitor and update monthly/weekly portfolio reporting, past due reports and weekly pipeline reports.
• Assist clients with monthly borrowing base certificates, daily notice of borrowing preparations, and account openings.
• Maintain existing loan portfolio with annual reviews and site inspections for commercial real estate loans.
• Prepare credit memos, loan modification reports, and problem loan reports.
• Perform additional duties as assigned.

Skills

Strong PC skills

Credit analysis

Verbal and written communication

Education

BA/BS in Business or Finance

Job description

• Job Type: Full-Time
• Work Arrangement: Onsite

POSITION OVERVIEW

The Commercial Loan Underwriter performs financial and credit analysis, prepares credit recommendations, supports commercial loan underwriting and closing, and monitors portfolio performance to ensure compliance and asset quality while supporting relationship growth.

ESSENTIAL JOB FUNCTIONS

• Assist Team Leader/Loan Officers with commercial loan requests including interviewing borrowers to determine credit qualifications and borrowing needs; analyzing borrowers’ information/financial statements, collateral and tax returns to determine ability to pay; conducting forecast analysis, assist in preparing and underwriting credit approvals for review; providing support to calling officers or account representatives and coordinating activity in support of credit approval process.
• Responsible for ordering loan documentation to evidence debt and to ensure perfection of the bank’s security interests in compliance with regulatory and legal requirements. Assist senior loan officers with review of loan documentation before loan document signing with clients.
• Responsible for covenant testing for trade finance and asset-based lending borrowers to ensure credit worthiness and compliance.
• Responsible for site inspection (Site Inspection Report), review of Construction Progress Report and recommendation of hard/soft loan draws, transfer and change orders for construction and real estate loans.
• Responsible for ordering documents with the credit department that relates to underwriting process: TRW, Appraisal reports, Environmental reports, OFAC, Preliminary reports, Title reports, Title Insurance, and Asset Review reports.
• Responsible for monitoring and updating monthly and weekly portfolio reporting requirement reports, past due reports and weekly pipeline reports.
• Assist clients with monthly borrowing base certificates, daily notice of borrowing preparations, and account openings.
• Responsible for maintaining an existing loan portfolio, including annual reviews (DCR and Stress Test) and site inspections for commercial real estate loans.
• Prepare credit memos, loan modification reports, and problem loan reports.
• Perform additional duties as assigned.

QUALIFICATIONS

• Education: BA/BS degree in Business, finance or related field or equivalent experiences.
• Year of Experience: 1+ years of directly related experience.
• Skills / Ability: Strong PC skills, excellent credit and analysis skills. Excellent verbal and written communication skills.
• Knowledge: Extensive knowledge of credit, spread analysis, finance and lending procedures.
• Training Courses Required: As required to carry out duties.

EQUAL OPPORTUNITY EMPLOYER

EverTrust Bank is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees without regard to race, color, religion, sex, national origin, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.