Western Alliance Bank
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Real Estate Loan Officer III
Western Alliance Bank
The position of Senior CRE Underwriter is responsible for negotiating, underwriting and coordinating the closing of major and complex residential, SBA, construction and commercial real estate loans in compliance with the Bank’s lending policies and procedures; and promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. The position of Senior CRE Underwriter is responsible for attaining established Bank and department goals through active participation in sales management and officer call programs, and provides leadership, training and support to less experienced loan officers and other staff members.
Assures compliance with all Bank policies and procedures, as well as, all applicable state and federal banking regulations.
Assists with interviewing prospective applicants and requests specified information related to loan or credit application; corresponds or re-interviews applicants to resolve questions regarding application information.
Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; meets with existing or potential customers; visiting sites of loans; negotiates loan terms and conditions; approves loans within established lending limits or refers and recommends acceptance to the Chief Credit Officer or Loan Committee.
Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within his or her portfolio; approves loan disbursements in accordance with agreements.
Ensures that credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
Ensures that certification or deletion of collateral is made by the appropriate personnel.
Negotiates, underwrites and processes renewals of credit facilities.
Approves loan payments, draws from lines of credit, and fund transfers within specified limits.
Authorizes commitment, engagement, action and decline letters.
Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.
Consistently applies good decision making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
Understands business implications of decisions; displays orientation to profitability, demonstrates knowledge of market and competition; aligns work with strategic goals.
Plays a major role in the development and growth of department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff.
Verifies funds with mortgage companies and contractors.
Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.
Represents the Bank in various community, civic, and community reinvestment functions to further enhance the Bank’s image and develop additional business; assists the Bank in establishing and maintaining market position in the financing arena.
Reviews NSF and overdraft reports for customers assigned within his or her portfolio; approves or declines such exceptions within established lending limits.
Provides deposit and loan account ratings.
Cross-sells the Bank’s other products and services, referring customers to appropriate staff as indicated.
Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.
Provides leadership and training to less experienced loan officers and other staff members.
Participates with senior management with developing, analyzing and finalizing major and complex loan agreements with representatives of large businesses; participates in various internal committees assigned by senior management.
Complies with Bank Secrecy Act (“BSA”),OFAC Anti-Money Laundering (“AML”), and US PATRIOT ACT policies, procedures, by properly verifying the identity of any person/business opening an account, maintaining records of the information used to verify each customer and consulting lists of known suspected terrorists before opening an account.
Complies with the compliance policies and procedures.
Properly risk-rate each customer as outlined in the Customer Identity Program.
Report any customer suspected of suspicious activity immediately to the BSA Officer.
Participate in required annual BSA/AML/OFAC and Compliance training.
Operates personal computer to obtain and process data.
Maintains strict confidentiality of all records and data received and produced.
Answers telephones, answers questions and directs callers to proper Bank personnel.
Exhibits objectivity and openness to others’ views; gives and welcomes feedback; contributes to building a positive team spirit.
Treats people with respect; keeps commitments; Inspires the trust of others; works with integrity and ethically; upholds organizational values; accepts responsibility for own actions.
Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities.
Performs the position safely, without endangering the health or safety to himself or herself or others, will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.
These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
Bachelor’s degree (BA) or equivalent from a four (4) year college or university
Minimum of eight (8) years or more related experience and/or training; or the equivalent combination of education and experience.
For both levels work related experience should consist of a financial analyzing or lending background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
Advanced experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
Advanced experience, knowledge and training in all lending activities and terminology.
Advanced knowledge of commercial, construction, real estate and consumer loan processing.
Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
Advanced knowledge of related state and federal lending and compliance regulations, and other Bank lending policies.
Advanced knowledge of human resource and labor laws and policies.
Intermediate skills in computer terminal and personal computer operation, mainframe computer (ITI) system; and word processing and spreadsheet software (i.e., Microsoft Word, Excel, etc.).
Typing skills to meet production needs of the position.
Ability to work with mathematical concepts such as probability and statistical inference. . Ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
Exceptional oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Intermediate knowledge of branch operation procedures, Bank products and services.
Exceptional organizational and time management skills.
Ability to work with no supervision while performing duties.
Ability to lead less experienced loan officers and other staff members as assigned.
Current state driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.
Western Alliance Bank
Website : http://www.westernalliancebank.com
Western Alliance Bank. Member FDIC. Western Alliance Bank is a subsidiary of Western Alliance Bancorporation. Western Alliance Bank © 2014 | All Rights Reserved. Our Clients The go-to bank for business, we offer a full spectrum of deposit, lending, treasury management, and online banking services serving entrepreneurs, professionals, nonprofits, franchises, community associations and municipalities.