Commercial Underwriter

Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement. 

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

The Underwriter is responsible for underwriting and portfolio management of Commercial Lending relationships. The Underwriter will support East West Bank’s nationwide Commercial Lending Business that primarily focuses on senior secured cash flow loans to middle market companies. Loan sizes typically range from $20 million to $50 million. The Underwriter will work with a deal team, which typically includes a Relationship Manager and a Credit Analyst.

Responsibilities

• Reviewing review initial data for prospective clients and preparing opportunity memos, and then presenting opportunity memos to Credit Officers for term sheet approval.
• Perform detailed underwritings of prospective clients, which includes evaluating financial statements, industry, competitive dynamics, and surfacing material strengths, risks and mitigants.
• Preparing sensitized financial models and evaluating the other relevant data related to new deal opportunities.
• Reviewing 3rd party reports and preparing enterprise value analysis via comparables and discounted cash flow.
• Preparing written Credit Approval Memorandums for presentation to Credit Officers in order to obtain final approval to close a new deal.
• Managing a portfolio of clients, which includes credit monitoring, preparing and presenting updated client performance reports for quarterly portfolio reviews.
• Maintaining client relationships and keeping client risk ratings current.
• Other duties as assigned by management.

Qualifications

• Bachelor's degree or combination of education and directly related experience
• Ideally at least 7 years of underwriting experience.
• Modeling experience, specifically sensitizing management and/or sponsor projections based on information learned during underwritings.
• Excellent organizational and presentation skills
• Basic skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet and specialty software programs.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
• Ability to work with minimal supervision while performing duties

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.  

Compensation

Salary : $95,000 - $145,000