VP Commercial Underwriter

Seeking a highly experienced, full-time VP, Senior Commercial Loan Underwriter. This role requires an accomplished credit professional who can independently underwrite complex commercial and commercial real estate loan transactions while serving as a subject matter expert on credit policy, loan structuring, and regulatory compliance. The ideal candidate will bring deep expertise in underwriting loans from origination through closing, including initial credit approval, covenant and structure recommendations, and post-closing oversight. This position demands advanced proficiency in preparing comprehensive credit memorandums and presenting well-supported credit recommendations. Candidates must demonstrate a high level of skill in analyzing financial statements, business and personal tax returns, projections, cash flow, debt service coverage, leverage, liquidity, and collateral, as well as evaluating business models, industry trends, market conditions, and management strength. A strong command of reviewing and interpreting appraisals, environmental reports, valuations, title work, and other third-party reports is required, along with the ability to incorporate those findings into formal credit authorizations and risk assessments. This role requires extensive experience working directly with lenders and borrowers to identify issues, ask probing questions, and recommend appropriate financial structures and covenants. Construction lending experience is essential and includes general contractor qualification and analysis, creation and maintenance of detailed construction budgets, coordination and monitoring of third-party inspections, oversight of draw funding, and ongoing communication with clients, inspectors, project managers, and loan operations staff. The position also supports timely processing, credit approval, and closing of loan requests and may provide mentoring or supervisory guidance to Credit Analysts within the CAPS Department. Candidates must hold a bachelor’s degree in Finance, Accounting, Economics, Business, or a related field and possess a minimum of seven years of commercial real estate and business loan underwriting experience, including at least three years focused on the senior housing sector with bond financing structure experience. Strong quantitative and analytical skills are required, including advanced financial modeling, ratio analysis, stress testing, and sensitivity analysis. Exceptional written and verbal communication skills, advanced proficiency in word processing, spreadsheets, database management, and familiarity with loan origination systems (preferably Baker Hill) are mandatory. Successful candidates must demonstrate excellent organizational skills, the ability to manage multiple complex transactions simultaneously and, meet tight deadlines.

Equal Opportunity Employer / Disabled / Protected Veterans

The Know Your Rights poster is available here:
https://www.eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12.pdf

The pay transparency policy is available here:
https://www.dol.gov/sites/dolgov/files/ofccp/pdf/pay-transp_%20English_formattedESQA508c.pdf

For temporary assignments lasting 13 weeks or longer, the Company is pleased to offer major medical, dental, vision, 401k and any statutory sick pay where required.

We are committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please contact your staffing representative who will reach out to our HR team.

AppleOne participates in the E-Verify program in certain locations as required by law. Learn more about the E-Verify program.
https://e-verify.uscis.gov/web/media/resourcesContents/E-Verify_Participation_Poster_ES.pdf

We also consider for employment qualified applicants regardless of criminal histories, consistent with legal requirements, including, if applicable, the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance. Pursuant to applicable state and municipal Fair Chance Laws and Ordinances, we will consider for employment-qualified applicants with arrest and conviction records, including, if applicable, the San Francisco Fair Chance Ordinance. For Los Angeles, CA applicants: Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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