Western Alliance Bank: Vice President, Commercial Underwriting – Resort Finance

Job Title:

Vice President, Commercial Underwriting – Resort Finance

Location:

Remote Massachusetts

What you’ll do:

As a Commercial Underwriter III – Resort Finance you’ll 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 and revolving lines of credit, traditional asset-based lines of credit and other Bank lending products. You’ll build internal relationships by working with lending officers on credit matters and loans involving unusual situations or requiring close scrutiny. Key responsibilities will include reviewing the loan structure, financial spreads, entity structures, collateral, market data and reports to communicate inherent risks and prepare a recommendation to Credit Administration in the form of opportunity memos, loan presentations, administrative action memos, and annual reviews. May mentor junior analysts in financial analysis, loan structure, appropriate covenant conditions and identifying risks and tangible mitigating factors to credit risk.

• Perform financial statement analyses, typically involving complex and interlocking relationships.
• Monitor and evaluate receivable collateral performance through preparation of and/or analysis of trend reports; communication with timeshare operators, and collateral custodians and servicers to address issues or concerns.
• Perform pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
• Gather and analyze all information necessary to present a financing request to senior management or Loan Committee for approval; may meet with existing or potential customers; perform site visits; recommend 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/or other commercial banking products and services.
• Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices.
• Advanced speaking and writing communication skills.

Compensation: Salary range for new hires is generally $129,995.00 – $160,581.00 for Massachusetts. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock.

Benefits you’ll love:
We offer all the important things you’d want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!

About the company:

Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC.  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, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488.  When contacting us, please provide your contact information and state the nature of your accessibility issue.  We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.

© Western Alliance Bancorporation