FVP, Underwriting Manager

FVP, Underwriting Manager Cathay Bank - 3.1 El Monte, CA Job Details Full-time $145,000 - $166,100 a year 1 day ago Benefits Health savings account Disability insurance Health insurance Dental insurance 401(k) Flexible spending account Vision insurance Life insurance Qualifications Staff performance monitoring Underwriting Team supervision Coaching Financial statement analysis Team development Hiring Professional development support Financial report interpretation Team training Mentoring Financial statement interpretation Onboarding process management Full Job Description People Drive Our Success Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities. Apply today! What our team members are saying: Video Clip 1 (https://youtu.be/9G8tuCM0WxA) Video Clip 2 (https://youtu.be/LdnIFqjGb0w) Video Clip 3 (https://youtu.be/VETfDZ4kQjI)

GENERAL SUMMARY

The Underwriting Manager is primarily responsible for contributing to the processing of new complex credit requests and the extension of existing credit facilities. Additionally, the Underwriting Manager analyzes, underwrites and recommends decisions on credit requests generated by line unit Team Managers and Relationship Managers. The Underwriting Manager will also assist Team Managers, Relationship Managers, and Portfolio Managers with monitoring, tracking and managing the credit portfolio with the goal of minimizing credit losses and maintaining compliance with credit review policy and overseeing credit underwriting before presenting to the Senior Credit Administrator.

DIRECT REPORTS

May supervise and provide guidance and coaching to those that perform underwriting and credit analysis functions for one or more teams.

ESSENTIAL FUNCTIONS

Acts as a team leader overseeing credit underwriting activities of other officers to ensure that current and potential customers are properly analyzed to minimize credit losses. Oversees the work of other relationship and/or portfolio managers in preparation of "Concept Memos" and "Loan Proposals". Trains less-experienced credit staff and underwriters, allocates work assignments based on experience and monitors progress. Supports market's growth initiatives by proactively assessing credit needs of clients and prospects, and develops credit solutions to meet customer/prospect credit needs. Together with Team Managers, Relationship Managers and Portfolio Managers, takes primary responsibility for providing consultative underwriting advice, credit analysis and on-gong monitoring to meet customer's needs and minimize credit losses to the Bank. Assists the CRE Group EVP to identify, classify, and monitor problem or potential problem loans in compliance with the internal credit review policy. Performs portfolio reporting on an ad hoc and quarterly basis for senior management that includes asset concentrations, and refinance ability analysis. Interacts with Credit Administration, Appraisals, Legal, and other related Bank personnel regarding issues of credit quality, appropriate compensation for risk, as well as new business and related trends.

QUALIFICATIONS

Education:

Bachelor's degree in Finance, Business, or other related field preferred.

Experience:

7-10+ years of banking, underwriting, and credit experience, or other directly related experience. 7- 10+ years of underwriting commercial loans. 3-5 years of experience managing a team to include training, onboarding, hiring, coaching/mentoring, performance management, and career development.

Skills/Ability:

Ability to analyze financial statement, tax returns, and collateral. Excellent knowledge of commercial lending policies, procedures, practices, and documentation. Excellent written and verbal communication skills. Ability to perform independently with minimal supervision. Strong organizational and managerial skills.

OTHER DETAILS

$145,000 - $166,100 / year Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus. Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k). Cathay 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 California Job Applicant Privacy Policy (https://www.cathaybank.com/CA-job-applicant-privacy-notice). Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law. Click here to view the "

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CathayBank.com (http://www.cathaybank.com/)accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or (mailto: ). This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.