Commercial Underwriter – 1st Century Bank

1st Century Bank, a division of MidFirst Bank, is a full service bank with a vision of unparalleled client service in Los Angeles. The Bank’s core principles are flexibility, responsiveness, and the ability to create tailored solutions, coupled with its commitment to provide exceptional client service. Our bankers work in a team effort to develop a deep understanding of their clients, and work with and on their behalf to develop solutions tailored to meet their needs. Nothing is overlooked. Everything is considered.

An Underwriter will be responsible for assisting and participating in the underwriting of all types of commercial and consumer loans in accordance with the Bank’s credit policies and procedures, and in compliance with the requirements set forth by the government regulatory agencies. An Underwriter shall prepare accurate, objective, and cogent credit write-ups based upon in-depth analysis of financial data within established time frames.

Provide commercial loan underwriting of all types of commercial loans in accordance with the Bank’s credit policies and procedures.
Prepare comprehensive Credit Memorandums on loan transactions for approval with appropriate supporting information including loan structure/pricing analysis, borrower history/experience assessment, historical and projected financial statements spreadsheets, tax return analysis, credit report review, collateral evaluation, and repayment/risk analysis.
Assist Relationship Managers in determining level of interest for new credit opportunities and in structuring new credits to be submitted for approval.
C&I / CRE experience and CFP certification is a plus.

Position Requirements:

Bachelor’s degree is required, preferably in a business related field;
Minimum of 3-5 years commercial underwriting experience, preferably with CRE or C&I banking transactions;
Must have knowledge of financial and tax accounting, general underwriting, and analytical skills as wells as knowledge of credit risk principles;
Strong oral and written communication skills are required

Salary Range: $70,000.00 – $110,000.00.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)%721947% %%insurance%%

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