VP Underwriter Manager

Position Summary: The VP Underwriting Manager at Nano Banc is responsible for overseeing the underwriting process for commercial banking transactions. This role involves evaluating loan applications, assessing creditworthiness, and ensuring compliance with lending policies and regulations. The VP Underwriting Manager  plays a critical role in managing risk and making informed lending decisions to support the growth and profitability of Nano Banc.

Essential Duties and Responsibilities: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Underwriting and Credit Analysis:

• Evaluate loan applications and financial statements to assess creditworthiness and determine the appropriate loan structure.
• Conduct thorough financial analysis, including cash flow analysis, collateral evaluation, and risk assessment.
• Review and analyze credit reports, industry trends, and market conditions to make informed lending decisions.
• Ensure compliance with lending policies, procedures, and regulatory requirements.
• Collaborate with loan officers and relationship managers to gather necessary information and documentation for underwriting.
• Review and edit credit memoranda prior to submission to CCO and Banc Loan Committees for approval.
• Review and edit annual loan reviews prior to submission to CCO for approval.

Risk Management:

• Identify and mitigate potential risks associated with commercial lending transactions.
• Assess and manage credit risk by analyzing borrower financials, collateral, and industry trends.
• Monitor loan portfolio performance, including delinquencies, charge-offs, and loan loss provisions.
• Provide guidance and support to loan officers in managing problem loans and implementing corrective actions.
• Collaborate with credit risk management to maintain credit quality and compliance with underwriting standards.
• Build and maintain strong relationships with loan officers, relationship managers, and other stakeholders.
• Collaborate with loan officers to understand client needs and provide guidance on structuring loan transactions.
• Communicate effectively with clients to gather necessary information and address any underwriting-related inquiries.
• Act as a subject matter expert on commercial lending products and services, providing guidance and support to internal teams.
• Oversee internal credit training program in partnership with third party training providers.

Relationship Management:

Process Maintenance and Improvement:

• Maintain loan pipeline reports and track progress of individual credit transactions through various stages of compilation and approval.
• Identify opportunities to streamline and improve the underwriting process, including the use of technology and automation.
• Stay updated on industry best practices, regulatory changes, and market trends to drive continuous improvement.
• Collaborate with cross-functional teams to implement process enhancements and ensure efficient underwriting operations.

 Competencies: To perform the job successfully, an individual should demonstrate the following. 

• Communication—Exhibits good listening and comprehension. Expresses ideas and thoughts in written form. Expresses ideas and thoughts verbally. Keeps others adequately informed. Selects and uses appropriate communication methods.
• Customer Service—Displays courtesy and sensitivity. Manages difficult or emotional customer situations. Meets commitments. Responds promptly to customer needs. Solicits customer feedback to improve service.
• Dependability—Commits to doing the best job possible. Follows instruction. Keeps commitments. Meets attendance and punctuality guidelines. Responds to requests for service and assistance. Takes responsibility for own actions.
• Planning & Organization—Integrates changes smoothly. Plans for additional resources. Prioritizes and plans work activities. Sets goals and objectives. Uses time efficiently. Works in an organized manner.
• Quality—Fosters quality focus in others. Improves processes. Measures key outcomes. Sets clear quality requirements. Solicits and applies customer feedback.
• Use of Technology—Adapts to new technologies. Demonstrates required skills. Keeps technical skill s up to date. Troubleshoots technological problems. Uses technology to increase productivity.  Direct experience with FIS (Horizon & XE) and Abrigo Credit Analyst strongly preferred.
• Legal and Regulatory: Demonstrated technical and analytical proficiency in interpreting and evaluating lending related laws and regulations. Direct experience working with, or for, an institution supervised by the Federal Reserve and Office of the Comptroller of the Currency strongly preferred.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education/Experience:

Bachelor Degree Preferred  and 3 to 7 years experience and/or training; or equivalent combination of education and experience.

Language Ability:

Read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Write routine reports and correspondence. Speak effectively before groups of customers or employees.

Mathematical Ability:

Calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Apply concepts of basic algebra and geometry.

Reasoning Ability:

Apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Deal with problems involving several concrete variables in standardized situations.

Computer Skills:

To perform this job successfully, an individual should have knowledge of Microsoft Word, Excel, PowerPoint, Visio, Analytical System/Application Dashboards, etc.

Certificates and Licenses:

Notary Public Preferred

Supervisory Responsibilities: This job may have supervisory responsibilities.

Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit. The employee is frequently required to use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk. The employee must be able to occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

Training: Must complete all required mandatory and regulatory training by assigned due date.

Bank Secrecy Act(BSA): Follow all policies and procedures of Bank Secrecy Act, (BSA) Anti-Money Laundering (AML) and Office of Foreign Asset Control (OFAC). Complete online compliance training as required.

The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.