GENERAL DESCRIPTION OF POSITION
The VP Underwriting, CPF, ensures that loans are underwritten by the Bank's internal loan procedures and credit policies. This position provides support to the loan production team.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Ensures loans are in compliance with Credit and Underwriting policies. This duty is performed daily, about 20% of the time.
2. Conducts property and loan level due diligence, including review of appraisal reports and other third-party consultant reports. This duty is performed as needed, about 10% of the time.
3. Performs and summarizes market analysis and sponsors financial analysis. This duty is performed as needed, about 10% of the time.
4. Creates credit approval memoranda for management and board approvals. This duty is performed quarterly, about 10% of the time.
5. Administers on-site inspections and coordinates with various vendors. This duty is performed daily, about 20% of the time.
6. Advises and mentors junior team members and their workload. This duty is performed as needed, about 10% of the time.
7. Trains junior team members on current and new policies and procedures. This duty is performed as needed, about 10% of the time.
8. Reviews junior team members' work and provides corrections. This duty is performed as needed, about 10% of the time.
9. Completes required BSA/AML training and other compliance training as assigned. This duty is performed quarterly.
10. The ability to work in a constant state of alertness and in a safe manner. This duty is performed daily.
11. Performs any other related duties as required or assigned.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four-year college degree, plus 7 years related experience and/or training, and 5 years related management experience, or equivalent combination of education and experience.
COMMUNICATION SKILLS
Ability to write reports, business correspondence, and policy/procedure manuals; ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public. ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.
MATHEMATICAL SKILLS
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry, and trigonometry.
CRITICAL THINKING SKILLS
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS
Not indicated.
PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS
Real Estate or Real Estate finance certification and/or degree
SOFTWARE SKILLS REQUIRED
Advanced: Accounting, Spreadsheet, Word Processing/Typing
Intermediate: Presentation/PowerPoint
RESPONSIBILITY FOR WORK OF OTHERS
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities may include but not limited to interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance, rewarding, and disciplining employees; addressing complaints and resolving problems.
Supervises a small group (1-3) of employees in the same or lower classification. Assigns and checks work; assists and instructs as required, but performs same work as those supervised, or closely related work, most of the time. Content of the work supervised is of a non-technical nature and does not vary in complexity to any great degree.
WORKING CONDITIONS
Normal working conditions as found within an office setting, wherein there is controlled temperature and a low noise level, plus a minimum of distractions.
ENVIRONMENTAL CONDITIONS
The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
PHYSICAL ACTIVITIES
The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.
Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.
While performing the functions of this job, the employee is continuously required to talk or hear; frequently required to stand, walk, sit; and occasionally required to use hands to finger, handle, or feel, reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds; frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and color vision.
ADDITIONAL INFORMATION
- Five (5) years of commercial credit management experience
- Seven (7) years of commercial credit structuring (including complex C and I and CRE structures) experience
- Knowledge of complex fund financials required
- Must possess excellent verbal and written communication skills
- Construction lending, subordinate debt, and historical tax credit analysis experience preferred
Compensation Information: $150,206 - $225,309
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)