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Commercial Loan Specialist

Posted about 2 months ago

Contract Opportunity with a FULL suite of benefits!

Position: Commercial Loan Specialist 
Location: Los Angeles, CA 90067
Term: 12 Months

Day-to-Day Responsibilities:
 

  • Write loan narrative workbooks which include the analysis of client financials and a variety of income property including but not limited to multi-family, commercial, and mixed-use properties.
    • Underwriting entails analyzing and summarizing appraisals, rent rolls, leases, and property cash flow to evaluate operating performance, trends, and risks.
    • Also entails analyzing borrower tax returns (business and personal returns), financial statements, real estate schedules, liquidity positions, financial ratios, recurring sources of cash flow, and client ability to service debt.
  • Size and qualify loans for approval and present deals to Executive Loan Committee (ELC).
  • Collaborate with Relationship Managers (RMs), Client Service Specialists (CS), ELC, and clients to help determine loan structure, loan amounts, and products.
  • Organize all financial documentation and compile/review loan files for completeness, identify missing documentation, and generate needs lists for clients and RMs.
  • Identify and report to RMs any risks related to loan collateral and/or client financial state.
  • Complete basic loan processing, such as opening escrow and title, ordering appraisals and environmental reports, entering loans on the system and locking interest rates.
  • Manage loans through closing and funding stage. Work with escrow to satisfy all conditions and coordinate closings.
  • Update Maturity Report and Assist Loan Monitoring Group with collecting any financial information needed for financial covenants.
  • Manage constant deal flow and prioritize to ensure loans close on time with high degree of accuracy in a deadline-oriented environment.
  • Analyze each loan file, ensuring the narrative workbook/credit memo, appraisal(s), application, preliminary title report and verifications meet secondary market and Bank loan program criteria and are accurately documented.
  • Work positively and proactively with all members of the team.
  • Cross trains other team members, when applicable.
  • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.


Is this a good fit? (Requirements):

  • College degree preferred.
  • Must have 5 years’ experience in CRE/multi-family/mixed-use underwriting
  • Extensive experience in underwriting multi-family, mixed-use and commercial real estate loans.
  • Advanced analytical skills, with a focus on underwriting commercial real estate and client financial data.
  • Familiarity with commercial real estate appraisals.
  • Ability to multi-task and work in fast paced/deadline oriented environment.
  • Strong attention to detail and organization skills with the ability to self-manage time and work flow to meet deadlines.
  • Effective written and oral communication skills
  • Expert knowledge of financial statement spreading, including proficiency in preparing pro-forma statements in Microsoft Excel, Moodys or equivalent financial analysis software.
  • Extensive knowledge of commercial credit and lending concepts, practices and regulations.
  • Must be able to review and analyze data reports and manuals; must be computer proficient.
  • Must be able to communicate effectively via telephone and in person.



About our client:
Founded in 1985, our client and its subsidiaries offer private banking, private business banking and private wealth management, including investment, trust and brokerage services. Join a team that continues to make significant investments in its digital solutions, including upgrading our consumer-facing technology.