Commercial Real Estate Underwriter

Nevada State Bank, a division of Zions Bancorporation, N.A., was founded on Dec. 9, 1959 by 12 businessmen full of Nevada’s pioneering spirit. As a full-service bank, we offer a complete range of consumer, private, and business banking services. Our colleagues regularly volunteer in their communities and have been dedicated to helping make Nevada a better place to live for more than 60 years. By embracing the bank’s Core Values of extraordinary service, adaptability, teamwork, communication, development, accountability, community, and respect—we have built a culture of service and engagement. NSB has a commitment to career development through tuition reimbursement and continuous learning opportunities, in addition to other competitive benefit offerings. We offer medical benefits on day one, 401k matching, and paid holidays. With a strong belief in diversity, equity, and inclusion, NSB offers several colleague-led diversity forums with the intent to ensure representation and cultural sharing among our colleagues. At Nevada State Bank, we truly believe that it matters WHO you work with.

We are now accepting applications for a Commercial Real Estate Underwriter to join our team. This position is located with our Commercial Real Estate group at our Corporate office in Las Vegas, NV. The Commercial Real Estate Underwriter is primarily responsible for underwriting, reviewing and monitoring an assigned portfolio of commercial real estate term and construction loans to ensure compliance with loan documents and bank policy and procedures. 

Essential Functions:

• Responsible for compilation of data, as it relates to preparation of credit packages (or pre-screens) for various Commercial Real Estate loan requests, incorporating spreads, cash flow, construction budgets, value of related collateral, appraisals, audits and other data.
• Interprets outcome of analysis and prepares summary, recommendations and may make joint presentations with Relationship Manager (RM) to Credit Approvers on renewals and new loans submitted. 
• Responsible for evaluating, analyzing and forming opinions for the approving or denying of commercial RE loan applications.
• Responsible for spreading financial statements, identifying credit strengths and weaknesses, providing detailed and documented analysis of credit worthiness.
• Manage all aspects of designated loan portfolio including the accurate and timely gathering/review of financial reporting requirements, covenant testing, risk grading, and the satisfactory maintenance/documentation of loan files.
• Ensures credit requests are processed in accordance with bank policies, banking regulations and laws.
• Identify risk and mitigating factors related to conducting a thorough credit analysis for approval.
• Responds to internal and external customer inquiries. 
• Recommends exceptions based on findings.

Qualifications:

• Typically requires a Bachelor's in Finance, Business, Accounting or a related field and 4+ years of commercial real estate credit or business banking underwriting, spread analysis, lending, underwriting concepts, practices and procedures or other directly related experience. A combination of education and experience may meet qualifications.
• Extensive knowledge of commercial RE credit underwriting, spread analysis, budget analysis, lending, underwriting concepts, practices and procedures.
• Strong working knowledge of Business and CRE loan requirements with the ability to identify risk and mitigating factors related to conducting a thorough credit analysis for approval. 
• Extensive working knowledge of balance sheets, income and cash flow statements. 
• Strong understanding of commercial and/or business banking lending policies and procedures and general banking laws and regulations. 
• Ability to analyze and research financial statements, business plans, construction related budgets and documents, credit reports, debt ratios and loan to value information.
• Possess good judgment, ability to make sound decisions. 
• Ability to accept responsibility and handle confidential information. 
• Must have strong customer relations, written and oral communication skills. 
• Must be a self-starter, dependable, accurate in completing responsibilities with strong attention to detail and organizational skills. 
• Working knowledge of various related software applications, including spreadsheets, word processing, etc.

Benefits: 

• Medical, Dental and Vision Insurance - START DAY ONE! 
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 13 Paid Holidays, (includes Nevada Day & Family Day)
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees
• Employee Ambassador preferred banking products

Pay range (depending on experience): $90,000 - $110,000/Annual Salary