VP, Underwriting Manager

Description

The VP, Underwriting Manager, will be responsible for assigning underwriting assignments and managing the underwriting pipeline. These duties will include coordinating with the following teams: credit, operations, lending, and legal to ensure workflow is adjusted to adapt to changes in priorities. The VP, Underwriting Manager, will serve as the initial escalation point to resolve underwriting questions and will escalate, as necessary, matters to the Credit Team in accordance with the table of authority for resolution. At the direction of the Credit Team the VP, Underwriting Manager will be charged with screening complicated or large loan requests to ensure accuracy and periodic review of random samples of loan and sponsor approval memorandums to ensure quality and accuracy.

Responsible for management, training, resolving underwriting escalations, and the ongoing development of the credit underwriting staff. The Underwriting Manager will oversee the underwriting function, ensuring underwriting duties are performed thoroughly, timely, and in accordance with established guidelines and polices to appropriately identify and mitigate risks.

• Perform underwriting duties on high-risk or complex transactions as needed.
• Assign and prioritize underwriting tasks to ensure timely completion of loan and sponsor reviews.
• Serve as the primary point of contact for internal departments regarding underwriting issues and resolutions.
• In conjunction with the Credit Team, update and maintain credit underwriting policies and manuals to serve as a reference tool for existing employees and an onboarding tool for new hires.
• With support and direction from the Credit Team, identify areas and implement solutions to enhance processes and procedures across underwriting and pipeline management.
• Maintain accurate reporting and tracking of team productivity and loan pipeline status.
• Collaborate with management to develop and implement process improvements for underwriting operations.
• Serves as the primary contact and liaison for underwriting with credit, operations, lending, and legal to ensure workflow is adjusted to adapt to changes in priorities.
• Conduct quality control audits on underwritten files to ensure accuracy and completeness.
• In conjunction with the Credit Team, establish underwriting criteria and guidelines to ensure quality underwriting and sound credit practices.
• Participate in hiring decisions and workforce planning for the underwriting team.
• Review and approve complex credit and asset underwriting decisions and escalate issues to credit management as needed.
• Implement best practices and technology solutions to ensure efficient and high-quality production across the underwriting group.
• Monitor adherence to company policies, lending guidelines, and regulatory requirements.
• With Credit Management oversight, implement a tiered training program for new hires and employees to expand Asset Underwriters' skillset and create a broader understanding of asset underwriting and credit underwriting.
• Mentor credit and underwriting staff, providing training, performance feedback, and professional development.

Requirements

By applying to this position candidate acknowledges that this is not a remote role and is required to be on-site.

• Ability to collaborate with multiple stakeholders, internal and external, to achieve desired outcomes.
• Proficiency in MS Word and Excel; experience with underwriting systems.
• Minimum 10+ years of real estate lending experience related to credit underwriting experience, including at least 5 years in a managerial, supervisory or lead role.
• High attention to detail and commitment to accuracy.
• Strong time management skills.
• Adapts to change easily in a fast-paced work environment.
• Strong knowledge of underwriting, banking, private credit, real estate finance, and construction lending.
• Highly Proficient/Advanced in Excel, Word, PowerPoint, and database applications.
• Proven ability to manage and develop a team in a fast-paced environment.
• Bachelor’s degree in business, or related field (MBA preferred).
• Excellent verbal and written communication skills.
• Strong analytical and decision-making abilities.
• Leadership and team-building skills.
• Strong interpersonal and communication skills with exceptional follow-through abilities.
• Ability to manage multiple priorities and deadlines.
• Strong written and verbal skills.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance