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Underwriter Sr Commercial - Newport Beach, CA (Hybrid)

Kinecta Federal Credit Union
Newport Beach, CA
  • Expired: over a month ago. Applications are no longer accepted.
Job Description

The Underwriter Sr Commercial role in Commercial Real Estate is to evaluate the credit worthiness and management capabilities of the borrower/guarantor, the real estate collateral securing the proposed loan, and adequacy of the loan structure for transactions and/or relationships.  The evaluation process encompasses analyzing the underlying property, the surrounding market and demographic area and the financial strength and experience of the borrower/guarantor.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Model cash flow in proprietary Excel models and generate debt coverage tests, valuations, and mortgage structures.
  • Review loan documents and identify issues with loan structure.
  • Assess credit worthiness and capabilities of borrowers, guarantors and for certain properties, tenants.
  • Prepare detailed presentations for loan committee consideration.
  • Perform site visits and market research.
  • Interface with borrowers, appraisers, property managers, loan administration staff and brokerage community.
  • Be familiar with and abide by all Kinecta and Fannie Mae underwriting policies and procedures related to lending guidelines.

Knowledge, Skills and Abilities:

  • Proficiency in Excel and market research services.
  • Excellent presentation, listening, reading comprehension, and written communication skills.
  • Ability to focus on things which matter most to achieve outcomes.
  • Committed to produce outcomes without direction and to find necessary resources.
  • Ability to manage large amounts of complex information easily, communicate it clearly, and draw sound conclusions

 Education, Training and Experience:

Potential candidates for this position must meet the following requirements:

  • Bachelor’s Degree or higher in a business-related field, preferably finance or real estate.
  • Three to five years of experience in commercial real estate fields, especially lending relation, or market research. 

One year of relevant professional-level work experience may be substituted for one year of required education.

Company Description
Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country.

From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant?

“I went to Mr. Hughes’ office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, ‘Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.’ I said, you can be sure of that. And Hughes Credit Union was born.”
- Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981

In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years.

As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union. Our promise: Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we’re committed to doing that better than anybody.

Kinecta Federal Credit Union

Kinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country. From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant? “I went to Mr. Hughes’ office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, ‘Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.’ I said, you can be sure of that. And Hughes Credit Union was born.” - Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981 In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years. As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union. Our promise: Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we’re committed to doing that better than anybody.

Address

4041 MacArthur Blvd Ste 210

Newport Beach, CA
USA

Industry

Finance and Insurance

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