Underwriter And Portfolio Officer

Department: Commercial & Industrial & International (C&I&I)

FLSA Status: Full Time & Non-Exempt]

Reports to: Executive Vice President, Account Executive Officer/Global Banking Senior Manager

Location/Branch: Rowland Heights, CA

Seniority Level: Mid-Senior Level

Employment Type: Full Time

Salary: $58,000 to $63,000 a year. Exact compensation may vary based on experience, skills, knowledge, and education.

Benefits: Medical, vision, dental, and life insurance, generous sick days, vacation days, and holidays, 401(k) company matching, potential for discretionary bonus.

Join Our Team, Shape Your Future

At New Omni Bank, we believe in the power of talent and innovation to drive success. As a dynamic and forward-thinking financial institution, we’re always on the lookout for individuals who share our passion for excellence and are ready to make a meaningful impact.

About New Omni Bank

We were founded in 1980 on a simple idea of helping our neighbors—a community of immigrants in Los Angeles, coming from diverse backgrounds, finding it hard to get precise banking solutions for their unique needs.

For over four decades of creativity, innovative thinking, and above all – attentiveness, are the hallmarks of our services. Coupled with our extensive network and on-the-ground expertise, we’ve been the catalyst for countless clients, guiding them to grow and thrive in California, across the Pacific, and at every twist and turn. Our legacy of empowerment is proven by continuous recognitions, like a 5-Star Rating from BauerFinancial, Inc. for over 40 quarters.

Position Summary

The Underwriter and Portfolio Officer primary function and responsibility is to underwrite commercial loans (C&I, CRE, structured financing or program lending) requests in accordance with the bank’s policies and procedures and appropriate guidelines and reviews all documentation for accuracy and completeness.

Supervisory responsibilities

• This job has no supervisory responsibilities.

Essential Job Functions and Responsibilities

(Duties not limited to those provided here):

• Assist with commercial loans (C&I, CRE, structured financing or program lending) underwriting requests.
• Conduct interview with borrowers (on site or phone) to determine credit qualifications and borrowing needs.
• Analyze borrowers’ information/financial statements, collateral and tax returns to determine ability to pay; conducting forecast analysis, assist in preparing and underwriting credit approvals for review.
• Providing support by calling officers or account representatives and coordinating activity in support of credit approval process
• Responsible for ordering documents with the credit department that relates to underwriting process, including collateral audit (C&I loan) and AR/AP invoice, aging reports , credit report retrieval, appraisal reports (CRE loans or C&I collateral), environmental reports (CRE loans), OFAC, preliminary reports, title reports, title Insurance, and asset review reports.
• Cross selling bank’s products : commercial loans, deposit, mortgage, or SBA
• Responsible for ordering loan documentations and to ensure the bank’s security interests is compliant with regulatory and legal requirements.
• Assist Account Executive, Loan Officers, or Relationship Managers with review of loan documentation before loan document signing with clients and help funding.
• Quarter review C&I and/or structured financing cases.
• Annual review of CRE loans, including report ticklers, CASH spread on BTR, PTR, BFS or PFS
• Calculate global cash flow, conduct annual site inspections, review construction progress reports and provide recommendations.
• Responsible for monitoring and updating monthly and weekly portfolio reporting requirement reports, past due reports, and weekly pipeline reports.
• Assist clients with monthly borrowing base certificates, daily notice of borrowing preparations, and assist in account openings and/or daily account transactions needs.
• Prepare credit memos, loan grade modification reports, and problem loan reports when needed.
• Othe duties as assigned.

Qualifications:

• Bachelor’s degree in mathematics, accounting, finance, or related field required; advanced degree preferred
• At least two or more years of experience required.
• Extensive knowledge of credit, portfolio management experience, FS CASH spread analysis, finance, and lending procedures.
• Strong organizational, problem-solving, and analytical skills.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Strong technical skills using a computer and MS Office.
• Excellent written and oral communication skills.
• Fluency in a second language preferred but not required.

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 use hands or fingers, handle, or feel and reach with hands and arms. The employee frequently is required to walk, stand, sit, climb, or balance, and talk or hear. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus. The employee may be required to work at other locations of the Bank.

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

New Omni Bank, National Association commits to following compliance and adherence to all applicable regulatory requirements, policies, and procedures.

New Omni Bank, National Association’s policy is to provide equal employment opportunities to all applicants and employees without regard to race, color, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other basis protected by applicable law.