Assistant Vice President, Commercial Loan Underwriter
Lead loan underwriting for CRE and small businesses. $110k–$135k. Collaborate with teams, analyze complex financials, and drive real impact in a supportive environment.
If you are a finance professional seeking a rewarding role, the Assistant Vice President, Commercial Loan Underwriter position could be appealing. This full-time job comes with a competitive salary between $110,000 and $135,000. Notably, it offers mid-level career progression for those with proven experience in commercial real estate and business loan underwriting.
The responsibilities are substantial and multifaceted. Day-to-day, you’ll be independently analyzing and underwriting new commercial real estate (CRE) and small business loan requests. Reviewing financial statements, tax returns, and credit reports will be a core part of your workflow, as will preparing and presenting credit memos to management. Collaboration is essential – expect to work closely with internal loan teams and even external legal counsel to see loans through to closing. Staying abreast of market trends, regulatory changes, and portfolio management activities is also a key part of this role.
Key Responsibilities and Workflow
This role focuses on diligent financial analysis of borrowers and guarantors. You’ll evaluate documents ranging from rent rolls to corporate financials. It’s critical to assess risk accurately and structure loans with suitable terms, considering factors like cash flow, collateral, and overall creditworthiness. Conducting collateral inspections and reviewing third-party reports such as appraisals and environmental assessments fall within the job scope. Moreover, you’ll ensure loans align with internal policies and regulatory requirements before recommending them for approval. Your work supports seamless loan progression and risk management for the financial institution.
Pros: Growth and Collaboration
One major plus of this position is the opportunity for collaboration. Partnering with a range of internal and external stakeholders helps sharpen your skills and broaden your perspective. In addition, the salary range offers stability. Many finance professionals will value the range of responsibilities and the chance to enhance their underwriting expertise within a reputable institution. Further, the independent nature of the work encourages ownership and autonomy in your decisions.
Cons: High Standards and Workload
On the other hand, the job can be demanding and fast-paced, especially as you manage multiple loan pipelines. High attention to detail and expert-level multitasking are necessary, which may not suit everyone. Adhering to strict regulations and compliance standards adds complexity. The steep requirement of at least seven years of experience in both commercial real estate and business loan underwriting can limit entry for early-career professionals.
Final Verdict
The Assistant Vice President, Commercial Loan Underwriter role is an excellent fit for experienced underwriters who thrive on responsibility, seek competitive compensation, and want meaningful impact in CRE and small business lending. If you meet the experience requirements, this position offers a compelling next step in your finance career.
