Western Alliance Bancorporation
Assistant Vice President, Commercial Underwriting
Western Alliance Bancorporation, Las Vegas, Nevada, us, 89105
Job Title:
Assistant Vice President, Commercial UnderwritingLocation:
West SaharaWhat you'll do:As a Commercial Underwriter II, you'll be responsible for underwriting new business loan requests and renewals for working capital lines of credit, owner-occupied commercial real estate loans, term loans, formula-based lines of credit, traditional asset-based lines of credit and other Bank lending products. You will build internal relationships by working with lending officers on credit matters and external relationships with bank clients. Key responsibilities include reviewing loan structures, financial spreads, entity structures, collateral, market data, and reports to understand inherent risks and prepare recommendations to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual reviews.Tasks include:Analyze and interpret business financial statements and tax returns to determine financial trends, identify risks and weaknesses, and mitigating factors.Compute traditional and UCA cash flow.Analyze personal financial statements and tax returns.Analyze credit reports.Analyze loan requests and determine the proper loan structure.Analyze collateral such as accounts receivable, inventory, equipment, real property.Analyze industries for relevant trends and determine the likely impact on business applicants.Correctly apply loan policy and identify exceptions.Synthesize analysis to properly risk rate credits.Communicate analysis in well-written and thorough loan presentations.What we are looking for:Spreads financial statements and tax returns into appropriate analysis software.Reviews and researches proposed collateral, including review of real property appraisals, UCC-1 filings, etc.Summarizes credit analysis in loan presentations and other credit documents.Prepares other reports as required by Credit Administration.Provides loan account risk ratings based on Bank policy and grading procedures.Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors, and competition.Understands business implications of decisions, displays orientation to profitability, demonstrates knowledge of market and competition and aligns work with strategic goals.Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.Independently underwrites new credits and/or changes to existing credits and manages appropriate loan covenants.Plays key role in working with loan coordinators to obtain information needed to underwrite the credit requests.Joins relationship managers on client calls and visits to discuss new credit requests.Communicates with clients independently of the Relationship Manager for credit-related questions.Involved in the post-approval credit process from closing to ongoing portfolio management.Takes lead and reviews work/spreads completed by credit analysts and provides feedback and guidance.Maintains strict confidentiality of all records and data received and produced.Follows policies and procedures, completes administrative tasks correctly and on time, supports the Bank's goals and values.What you need to have:Bachelor's degree (BA or BS) from a four (4) year college or university with emphasis in accounting, economics, and finance, and 5 or more years of related experience in commercial & industrial lending.Knowledge and training in financial statement and tax return analysis.Excellent written and verbal communication skills.Proficient in office equipment and basic office software applications such as Word and Excel.Proficient with business financial spreading software (e.g., Risk Analyst, Credit LensTM) preferred.Knowledge of commercial, construction, real estate, and consumer loan processing.Knowledge of loan documentation and related state and federal lending regulations.Current state driver's license and a vehicle with appropriate insurance coverage if required.Compensation:
Salary range for new hires is generally $94,620.00 - $116,883.00 for Las Vegas, NV. Salary amount is determined by specific job location. The role may also be eligible for annual bonus/incentives and restricted stock.Benefits you'll love:
We offer competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a 401k matching program, tuition assistance, an employee volunteer program, and a wellness program.About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, national origin, marital status, disability, protected veteran status, sexual orientation, gender identity, or genetic information.
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Assistant Vice President, Commercial UnderwritingLocation:
West SaharaWhat you'll do:As a Commercial Underwriter II, you'll be responsible for underwriting new business loan requests and renewals for working capital lines of credit, owner-occupied commercial real estate loans, term loans, formula-based lines of credit, traditional asset-based lines of credit and other Bank lending products. You will build internal relationships by working with lending officers on credit matters and external relationships with bank clients. Key responsibilities include reviewing loan structures, financial spreads, entity structures, collateral, market data, and reports to understand inherent risks and prepare recommendations to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual reviews.Tasks include:Analyze and interpret business financial statements and tax returns to determine financial trends, identify risks and weaknesses, and mitigating factors.Compute traditional and UCA cash flow.Analyze personal financial statements and tax returns.Analyze credit reports.Analyze loan requests and determine the proper loan structure.Analyze collateral such as accounts receivable, inventory, equipment, real property.Analyze industries for relevant trends and determine the likely impact on business applicants.Correctly apply loan policy and identify exceptions.Synthesize analysis to properly risk rate credits.Communicate analysis in well-written and thorough loan presentations.What we are looking for:Spreads financial statements and tax returns into appropriate analysis software.Reviews and researches proposed collateral, including review of real property appraisals, UCC-1 filings, etc.Summarizes credit analysis in loan presentations and other credit documents.Prepares other reports as required by Credit Administration.Provides loan account risk ratings based on Bank policy and grading procedures.Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors, and competition.Understands business implications of decisions, displays orientation to profitability, demonstrates knowledge of market and competition and aligns work with strategic goals.Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.Independently underwrites new credits and/or changes to existing credits and manages appropriate loan covenants.Plays key role in working with loan coordinators to obtain information needed to underwrite the credit requests.Joins relationship managers on client calls and visits to discuss new credit requests.Communicates with clients independently of the Relationship Manager for credit-related questions.Involved in the post-approval credit process from closing to ongoing portfolio management.Takes lead and reviews work/spreads completed by credit analysts and provides feedback and guidance.Maintains strict confidentiality of all records and data received and produced.Follows policies and procedures, completes administrative tasks correctly and on time, supports the Bank's goals and values.What you need to have:Bachelor's degree (BA or BS) from a four (4) year college or university with emphasis in accounting, economics, and finance, and 5 or more years of related experience in commercial & industrial lending.Knowledge and training in financial statement and tax return analysis.Excellent written and verbal communication skills.Proficient in office equipment and basic office software applications such as Word and Excel.Proficient with business financial spreading software (e.g., Risk Analyst, Credit LensTM) preferred.Knowledge of commercial, construction, real estate, and consumer loan processing.Knowledge of loan documentation and related state and federal lending regulations.Current state driver's license and a vehicle with appropriate insurance coverage if required.Compensation:
Salary range for new hires is generally $94,620.00 - $116,883.00 for Las Vegas, NV. Salary amount is determined by specific job location. The role may also be eligible for annual bonus/incentives and restricted stock.Benefits you'll love:
We offer competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a 401k matching program, tuition assistance, an employee volunteer program, and a wellness program.About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC.Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, national origin, marital status, disability, protected veteran status, sexual orientation, gender identity, or genetic information.
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