Headquarters: Remote Massachusetts
URL: http://westernalliancebank.com
Job Title: Vice President, Commercial Underwriting - Resort Finance
Location: Remote Massachusetts
What you'll do: As a Commercial Underwriter III - Resort Finance you will be responsible for underwriting complex timeshare and/or fractional ownership resort-related loan requests and renewals for working capital lines of credit, commercial real estate loans, term loans, formula-based hypothecation lines of credit, revolving 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 loans involving unusual situations or requiring close scrutiny. Key responsibilities include reviewing the loan structure, financial spreads, entity structures, collateral, market data and reports to communicate inherent risks and prepare recommendations to Credit Administration, as well as mentoring junior analysts.
- Perform financial statement analyses, typically involving complex and interlocking relationships.
- Monitor and evaluate receivable collateral performance through preparation and analysis of trend reports; communicate with timeshare operators, collateral custodians, and servicers.
- Perform pre-qualification assessment and analysis of financial condition and risk of financing requests within the framework of the bank's credit culture and current economic and industry trends.
- Gather and analyze all necessary information to present a financing request to senior management or the Loan Committee for approval; this may include meeting with customers, performing site visits, and recommending loan terms and conditions to lending officers.
What you'll need:
- 6+ years of related experience.
- Bachelor's degree or equivalent experience required.
- Advanced knowledge of general banking operations including deposit operations, loan administration, treasury management, and other commercial banking products and services.
- Advanced knowledge of applicable regulatory and legal compliance obligations, rules, and industry standards.
- Advanced speaking and writing communication skills.
Compensation: Salary range for new hires is generally $129995 - $160581 for Massachusetts. 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, a tuition assistance program, an employee volunteer program, and a wellness program. You will also have the opportunity to bolster your business knowledge and gain invaluable hands-on experience that can help grow your career.
About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Divisions include Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank. AmeriHome Mortgage is a Western Alliance Bank company.
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. They are committed to providing reasonable accommodations for individuals with disabilities. If you require a reasonable accommodation to complete any part of the application process, please email HR@westernalliancebank.com or call 602-386-2488. When contacting, please provide your contact information and state the nature of your accessibility issue.
