VP of Underwriting

Job details: Lead a commercial underwriting team overseeing multifamily and commercial real estate loans while helping shape credit strategy, policy, and portfolio quality This Jobot Job is hosted by: Alyssa Montgomery Salary: $140,000 - $150,000 per year We are seeking an experienced Vice President of Commercial Underwriting to lead the underwriting process for multifamily, commercial real estate, and commercial loans. This is a highly visible leadership role responsible for managing a team of underwriters, maintaining strong credit standards, and partnering with lending professionals to evaluate and originate quality loans for the Bank’s portfolio. The ideal candidate will bring deep multifamily underwriting experience, strong commercial credit judgment, and the ability to lead a team while ensuring all loans comply with established credit policies and banking regulations. Why join us? Step into a senior leadership role with meaningful influence over credit quality and underwriting strategy Lead and develop an established commercial underwriting team Work closely with senior lending and executive leadership Manage a diverse portfolio of multifamily, commercial real estate, and commercial loans Contribute directly to the continued development of the Bank’s underwriting policies and procedures What You’ll Do Manage and develop a team of multifamily, commercial real estate, and commercial loan underwriters Review and oversee detailed credit analysis, including cash flow, debt service coverage ratios, CAP rates, appraisals, borrower credit, and property performance Ensure underwriting decisions comply with Bank policies, regulatory requirements, and internal credit standards Manage the appraisal, environmental review, and property inspection process Independently review third-party reports to ensure properties qualify as appropriate collateral Partner with loan consultants, brokers, processors, funders, and senior management throughout the loan origination process Prepare and present loan packages and market summaries to the Senior Loan Committee Provide guidance regarding commercial loan programs, pricing, policies, and underwriting requirements Identify opportunities to improve underwriting policies, procedures, and overall credit management Support the Bank in maintaining satisfactory internal and external audit results What We’re Looking For At least 5 years of direct multifamily residential underwriting experience Strong knowledge of underwriting apartment properties containing approximately 5–75 units Experience underwriting commercial real estate and commercial loans Thorough understanding of cash flow analysis, DSCR, CAP rates, appraisals, environmental reports, inspections, and credit analysis Previous leadership, management, or team-development experience Ability to effectively present credit recommendations to senior leadership or loan committees Strong knowledge of commercial lending regulations and compliance requirements Excellent analytical, organizational, written, and verbal communication skills Ability to manage multiple active transactions while meeting deadlines Advanced computer skills High school diploma required Bachelor’s degree preferred Jobot is an Equal Opportunity Employer. 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