Senior Director, Multifamily Housing Finance

Job Title: Senior Director, Multifamily Housing Finance Location: Los Angeles What you'll do: As a Senior Director you'll be in a leadership position responsible for executing the group's strategic plan and guiding your team in its efforts to meet the Bank's annual growth targets. You'll lead a team of underwriting, portfolio management and support staff to expand our multifamily housing market share, grow the portfolio, enhance deposits and deepen the relationship with our existing customers. You'll be responsible for leading the growth and development of the market rate multifamily portfolio, as part of the greater Multifamily Housing business line, which also includes affordable and workforce housing. While Senior Directors dedicate a significant portion of their time to working their own network and top-tier customers in the portfolio, your time will also be devoted to screening and underwriting new opportunities, supporting your team in credit structuring discussions, monitoring portfolio health management, pursuing ancillary deposit creation and responding to current market dynamics. Strategic Leadership and Execution: As a Senior Director, you will play a pivotal role in supporting the Business Line Managing Director in executing the Bank’s strategic objectives. Your primary focus will be on leading efforts to drive growth in both the loan and deposit portfolios, as well as increasing fee-based revenue. Senior Directors are held accountable for their team’s success in meeting sales targets, ensuring portfolio health, and effectively managing market dynamics. Your performance will be measured by the ability to achieve these goals, maintain strong client relationships, and adapt to evolving market conditions. Transactional Leadership and Credit Structuring: You will execute the tactical strategies set forth by the Business Line Managing Director, particularly in relation to transaction opportunities and the negotiation of term sheets. A key responsibility will be guiding the credit structuring process, overseeing customer assessments, and ensuring high-quality presentations to senior and divisional loan committees. This involves a deep understanding of complex financial structures, risk profiles, and the ability to tailor solutions that align with both client needs and the Bank’s strategic objectives. Portfolio Health and Risk Management: A critical aspect of your role will be leading your team in managing the health of the portfolio. This includes proactive monitoring and identification of potential risks, such as deteriorating credit performance, construction-related risks, sponsorship challenges, and the impact of broader market trends and economic shifts. You will ensure that your team is equipped to address these risks effectively, implementing mitigation strategies and ensuring that all transactions are well-managed and aligned with the Bank’s risk tolerance. Cross-Departmental Collaboration and Compliance: In this senior leadership capacity, you will be responsible for fostering strong, collaborative relationships with executive and senior leaders across various internal departments, including Credit Administration, Risk Management/Compliance, Loan Administration, and other operational support teams. You will play a key role in ensuring that your team adheres to technical processes, risk management protocols, and compliance requirements. By facilitating seamless communication and coordination across these departments, you will help ensure efficiency, minimize risk, and maintain a high standard of customer service and operational excellence. Team Development and Performance Management: As the leader of your team, you will also focus on mentoring and developing talent within your team of underwriters, portfolio managers, and support staff. You will ensure that each member of the team is equipped with the tools, knowledge, and resources to succeed. Regular performance evaluations, coaching, and feedback will be essential to maintaining high levels of motivation and productivity, while also ensuring alignment with the Bank’s broader objectives. What you'll need: Bachelor’s degree from a four-year college or university and ten (10) or more years of related experience and/or training; or a combination of experience and education related to the finance industry. Advanced knowledge of commercial real estate underwriting and structuring considerations, with a particular focus in multifamily housing. Advanced knowledge of alternative financing products including fixed rate and variable rate bonds, with and without credit enhancement, and appropriate hedging solutions. Advanced knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services. Advanced knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices. Advanced knowledge of commercial credit and loan structuring, pricing dynamics and market specific awareness. Strong speaking and writing skills for internal and external audiences. Compensation: Salary range for new hires is generally $180,000.00 - $220,000.00 for Los Angeles, CA. Salary amount is determined by specific job location. In addition, the role may be eligible for annual bonus/incentives earned and restricted stock. Benefits you’ll love: We offer all the important things you'd want — like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you’ll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. © Western Alliance Bancorporation About Western Alliance Bancorporation With more than $80 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bancorporation. For more information, visit Western Alliance Bank online. 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