Job Title:  Sr. Commercial Loan Underwriter

At Premier America Credit Union, our Core Purpose is to serve our members by making it easier to meet today’s needs and reach tomorrow’s dreams. Talented team members succeed in our organization by demonstrating a commitment to our shared values of accountability, friendliness and respect, a passion for delivering great service, giving back to our communities, and pursuing personal growth. Come grow with us and be part of growth and the Premier America family!

Overview: 

The Sr. Commercial Loan Underwriter position is responsible for supporting business lending underwriting programs offered by the Credit Union. The Sr. Underwriter reviews and recommends decisions for business loans, while keeping the overall well-being of the credit union in mind by reducing exposure and potential risk. The underwriter possesses overall business lending knowledge and is a senior position in the Commercial Lending department.

What You Will Do: 

• Analyze and underwrite C&I (Commercial and Industrial) loans as well as owner-occupied commercial real estate loans with emphasis on operating company’s financials.
• Ability to determine appropriate financing needs of the applicant/borrower business and recommend appropriate loan products to facilitate the needs. Calculate and recommend appropriate financing amount based on borrowing business’ financials.
• Able to determine appropriate loan structure on given loan requests to ensure proper collateral and accountable parties are secured to the loan. Also be able to make appropriate loan conditions for sound accountability to the loan from the borrower(s) and guarantor(s).
• Draft loan presentations for new credit proposals.
• Identify and close service gaps.
• Make recommendations for changes to improve underwriting quality, product design, and pricing and collection practices.
• Support annual review of all MBL’s.
• Obtain necessary approvals and generate LOI.
• Perform assessment of proposed deal to ensure structure, collateral and borrower strength is within Credit Union guidelines.
• In-depth review and analysis of financial statement, tax returns and income stream cash flows, financial and repayment analysis with a focus on cash flow, liquidity, leverage, and debt service coverage to identify key risks.
• Review loan terms, borrower and collateral risk, generate risk rating and determine appropriate recommendation while complying with Credit Union board policy and departmental guidelines.
• Review new loan request to issue a Letter of Intents.
• Review and analyze appraisals, environmental, and other third-party reports to identify risk areas and recommend mitigating solutions.
• Review and underwrite Member Business Commercial Loans, including Real Estate, income producing properties.
• Interpret and analyze financial information from multiple sources, including reporting services, credit bureaus and other industry data sources to make informed underwriting decisions.
• Review and analyze information including leases and the corresponding risks, rent rolls and management experience to determine impact on credit underwriting.
• Assumes responsibility for supporting business lending underwriting programs offered by the Credit Union.
• Training junior commercial underwriters and other team members within the department.
• Make appropriate credit determinations on loan application prospects in the absence of Director of Commercial Lending or VP of Commercial Lending.
• Assist in the production of monthly and quarterly reports identifying key metrics such as loan performance, trends, risk ratings, etc.

What We Are Looking For: 

• Minimum of five (5) years of experience in a related position with full knowledge of complex commercial and business loan underwriting and analysis.
• BA/BS Degree in Business, Accounting, Finance or other related discipline preferred.
• Demonstrated knowledge of NCUA Part 723, Member Business Loans. 
• Broad knowledge of financial statement analysis, general accounting, cash fkows and mortgage interest calculations.  
• Strong analytical, critical thinking and problem-solving skills; including ability to research questions, analyze data, compile results, recommend solutions and effectively communicate information to a variety of levels. 
• Effective oral and written communication skills including in person, via phone and email; effectively communicate with all levels of staff, borrowers, vendors etc.
• Strong attention to detail and organizational skills. 
• Ability to plan effectively and prioritize workflow with excellent follow-through skills.

Premier America Credit Union will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Initiative for Hiring (Ban the Box) Ordinance.

Equal Opportunity Employer – Veterans / Disabled

Drug-free Workplace

Pay Grade Info:

The base pay range for this position is: $53-$66/hourly.

Perks Important to You:

Our Team Members enjoy the following rewards and benefits:

• · Competitive pay
• · Subsidized health care including medical, dental and vision
• · FSA and HSA
• · Company-Paid Life and A&D insurance
• · Discounts on loans (must be a member)
• · Paid Vacation, Holiday, and Sick time
• · 401k Retirement Saving Plan with a 6% safe harbor employer match
• · Educational Assistance Program and more!

About Us:

Founded in 1957, Premier America is one of the nation’s largest credit unions, with over 100,000 members and more than $3 billion in assets. But more importantly, we are ever mindful of one crucial fact: we exist to serve the needs of all members - the owners of Premier America. With a large retail branch network, access to over 30,000+ surcharge-free ATMs; and the Shared Branch Network, Premier America provides financial services to those who live, work, worship or attend school in the Ventura and Los Angeles counties of California, and Harris County in Texas.

Credit unions, such as Premier America, have a rich history evolving from the idea that people working together can create better financial solutions, especially when as owners, members have a vested interest in their collective success. Whether offering higher savings rates and affordable mortgage options, loans for unexpected emergencies or financial counseling during difficult times, credit unions have always made a meaningful difference in the lives of members.