Job Description

Job Description

JOB SUMMARY

Responsible for evaluating the creditworthiness of potential business loan applicants by thoroughly analyzing their financial statements, cash flow analysis, understanding the market conditions, evaluating the risk factors of the loan credit. This requires a keen eye for detail excellent analytical skills, and the ability to balance risk against profitability. The underwriter will work with the marketing officers to gather information, review financial documents and credit reports, and make recommendations for approval or rejection of applications while adhering to the bank policy and regulation.

DUTIES

• Evaluate and assess risk factors for commercial loan applicants.
• Ensure compliance with underwriting polices and procedures.
• Prepare CCR/CCM/Memo for new, renewal, modification and extension.
• Make recommendations for approval from the Credit Officer, Chief Credit Officer, and CEO, and may require presenting at loan committee base on the bank’s lending authority level approval limit.
• Process all new commercial loan applications, gather and review borrower’s submitted financials and documents.
• For real estate transactions, review property operating statements, leases, rent rolls, real estate schedules to perform detailed cash flow analysis using Cash Flow Analysis templates and Sageworks System. Performs stress testing scenarios on all the floating interest rate.
• For C&I transactions, review cash flow cycles, conduct sensitivity analysis, evaluate Borrower’s cash flow and their ability to provide adequate debt coverage for the proposed transactions, as well as determine cushions of protections. Analyze the industry outlook and risk assessment.
• Complete risk ratings as mean to proactively mitigate potential risk associated with each asset within the portfolio. Underwriter has to have good understanding of the Bank’s policy and procedure, and is able to accurately assign the risk rating on each loan.
• Collaborative with Portfolio Managements to conduct routine annual loan reviews.
• Work with Marketing Officer to ensure receipt timely financial statements, aging reports, tax returns, and personal financial statements, and then analyze these often-complex personal financial statements and personal tax returns of sponsors/guarantors, as well as their contingent debt.
• Attend prospect calls with lending staff in order to gain a thorough understanding of the member/prospect and their business in order to determine the merits of specific loan requests and loan structure, as well as assist in the management of the member relationship.
• Review appraisal and analyze collateral issue – conduct site inspection.
• Conduct require loan reviews (annual credit review, watch list report and SAC).
• Prepare and submit Reg B/HMDA/Credit logs.
• Participate in audits as necessary.

QUALIFICATIONS

• EDUCATION: Bachelor’s Degree in Accounting, Finance, Economics, Business Administration, International Development, or other related disciplines.
• EXPERIENCE: 2-4 years of experience with CRE/Commercial Underwriting (various asset classes). CRE/C&I/SBA experience preferred. Relationship/Portfolio Management experience preferred

SKILLS/ABILITIES

• Strong oral communication and writing skills for report analysis and presentation
• Must be able to interface with external clients, auditors, regulators, and executive management
• Must be versatile with willingness to learn.
• Require BA/BS in Finance/Accounting/Economics
• Proficiency with Microsoft Word and Excel
• Strong Analytical Skills
• Familiarity with Sageworks

Applicants must be authorized to work in the United States without the need for visa sponsorship now or in the future.

WHY WORK FOR US?

Since opening our first branch in Los Angeles in 2008, Royal Business Bank (RBB) has grown rapidly by adding branches in Southern California, Nevada, New York, New Jersey, Chicago and Hawaii. We offer a comprehensive and innovative suite of banking services for individuals and businesses. We have great benefits that include, but not limited to:

• Medical insurance
• Vision insurance
• Dental insurance
• 401(k)
• Disability insurance

Royal Business Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policies (GLBA Privacy Notice, California Consumer Privacy Act and Online Privacy) at our website . Royal Business Bank is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, protected veteran status, disability status, sexual orientation, gender identity or expression, marital status, genetic information, or any other characteristic protected by law.

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