What are the responsibilities and job description for the CRE Commercial Underwriting Officer II position at Veritex Community Bank?
Job Summary
Provides credit administration support and service to the DFW, Houston, and Community CRE banking teams by performing independent credit analysis and risk assessment for new and existing CRE credit facilities.
Responsibilities And Duties
Truth in Texas Banking. That’s what we’re about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune’s 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we’ve built a bank forever rooted in truth, transparency, and uncompromising integrity.
We Know Our Strongest Asset Is The Passion, Authenticity, And Talent Of Our People. We Focus On The Growth And Development Of Each Team Member To Unlock Potential To “Be Your True Self.” Our “True You” Culture Is Made Up Of Five Pillars
Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank.
If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com.
Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds. The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl. The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.
This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.
We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.
Provides credit administration support and service to the DFW, Houston, and Community CRE banking teams by performing independent credit analysis and risk assessment for new and existing CRE credit facilities.
Responsibilities And Duties
- Prepare comprehensive credit approval packages for all CRE credit transactions (e.g. construction lending, acquisition, value-add, and term loans), perform material modifications to existing facilities, and serve as a credit liaison for the DFW, Houston, and Community Commercial Real Estate portfolio.
- Loan portfolio to include all primary CRE asset classes: (i) multifamily, (ii) industrial (iii) retail, (iv) hospitality, and (v) office, as well as more specialized asset classes inclusive of, but not limited to, self-storage, medical/hospital use, restaurants, and single-family rental properties.
- Perform detailed property level analysis through the review and assessment of:
- Property rent rolls, operating statements, and leases.
- Third Party Appraisals & Environmental Due Diligence.
- Borrower Prepared budgets and proforma.
- Third party market/submarket research (i.e., CoStar, REIS, STR, etc.).
- Identify and assess key risks associated with a borrower’s financial performance, industry, and other variables that determine a borrower’s risk profile.
- Ongoing monitoring of risk ratings for the CRE portfolio and recommending upgrades and downgrades as appropriate.
- Perform evaluation and analysis on CRE Sponsors, JV Equity Partners(s), and Guarantor(s)
- Ensure the portfolio administration and risk management of each client relationship is compliant with established credit policy, procedure, and business strategy as well as commercial and regulatory guidelines.
- Bachelor’s degree required, preferably in Finance, Accounting, or Economics.
- 5 – 7 years' experience in commercial credit underwriting or related experience in a commercial bank with a focus on CRE and Homebuilder transactions in the $5 million to $30 million plus range.
- Comprehensive knowledge and experience analyzing all primary CRE asset classes: (i) multifamily, (ii) industrial (iii) retail, (iv) hospitality, and (v) office, as well as more specialized asset classes inclusive of, but not limited to, self-storage, medical/hospital use, restaurants, and single-family rental properties.
- Knowledge of financial statement analysis and demonstrated ability to identify and mitigate key risks.
- Familiarity with core CRE loan documents, leases, appraisals, property condition reports, and feasibility studies.
- Experience with syndications and participations is preferred.
- Knowledge of legal matters pertaining to commercial real estate and real estate investment funds.
- Ability to work in a fast-paced, collaborative, and dynamic environment.
- Ability to multi-task with strong attention to detail
- Completion of a formal credit training program is preferred.
Truth in Texas Banking. That’s what we’re about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune’s 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we’ve built a bank forever rooted in truth, transparency, and uncompromising integrity.
We Know Our Strongest Asset Is The Passion, Authenticity, And Talent Of Our People. We Focus On The Growth And Development Of Each Team Member To Unlock Potential To “Be Your True Self.” Our “True You” Culture Is Made Up Of Five Pillars
- Be Mindful
- Be Healthy
- Be Better
- Be Prosperous
- Be Faithful
Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank.
If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com.
Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds. The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl. The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.
This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.
We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.
