PORTFOLIO UNDERWRITER

About this role

• **Number of Positions Open: 2** **FLSA CLASSIFICATION:** EXEMPT **DEPARTMENT:** UNDERWRITING **REPORTS TO:** TEAM LEAD, PORTFOLIO UNDERWRITING **POSITION OVERVIEW:** Endeavor Bank's diverse business clientele is centered in San Diego and across the greater Southern California market.
• The underwriting position supports the Bank's mission to deliver tailored lending solutions with a strong emphasis on credit quality, risk management, and responsiveness, all with a consultative approach.
• The Portfolio Underwriter is expected to apply sound judgment, demonstrate technical competency, maintain a commitment to accuracy, sound underwriting practices, regulatory compliance, and provide quality service standards in a dynamic, deadline-driven environment.
• Reporting to the Team Lead of the Portfolio Underwriting Group, this Portfolio Underwriter position places an emphasis on underwriting loan renewals, modifications, annual loan reviews, problem loan reports, financial reporting management, and covenant management.
• The underwriting position also includes supporting new loan underwriting as needed.
• Specific responsibilities are outlined in the sections below.
• **Loan Types** This role involves underwriting a wide range of credit products offered by the Bank.
• These include Commercial and Industrial (C&I) loans such as lines of credit, equipment loans, working capital loans, business acquisitions, partner buyouts, and SBA 7(a).
• It also covers a variety of Commercial Real Estate (CRE) loans, including owner-occupied real estate, investment properties, and construction loans, consisting of commercial, retail, industrial, multifamily, and hospitality asset types.
• The Bank also utilizes SBA 504 loan structures, State and Federal guaranteed loan programs, and various other loans for commercial business purposes.
• Understanding of loan structures, repayment sources, collateral, industry/market detail, and regulatory guidelines is essential to underwrite each transaction effectively.
• **Renewal and Modification Underwriting** The Portfolio Underwriter is responsible for proactively managing maturing loans and ensuring timely renewal underwriting is completed well in advance of maturity dates.
• This includes requesting updated financials, spreading, performing current credit analysis, confirming covenant compliance, and assessing whether modifications to terms or conditions are warranted.
• The Underwriter must escalate any loans at risk of maturing without renewal approval at least 30 days in advance, and coordinate with the designated Team Lead or Credit Admin as needed.
• Routine reliance on short-term extensions is discouraged and considered underperformance.
• **Portfolio Management** The Portfolio Underwriter plays an active role in ongoing portfolio oversight for loans assigned to each respective Underwriter.
• This includes tracking and reviewing borrower financial reporting, conducting periodic covenant testing, and performing annual reviews.
• The Underwriter is responsible for initiating risk rating adjustments when warranted, flagging deteriorating conditions, and preparing quarterly problem loan reports for downgraded relationships.
• The Underwriter must monitor financial trends, debt levels, and borrower responsiveness throughout the life of each loan to ensure credit risk is appropriately managed.
• **Financial Spreading** The Underwriter is responsible for preparing detailed spreads of borrower and guarantor financial statements, tax returns, and related financial data.
• All spreads must be accurate, fully reconciled, and comply with Bank standards.
• Close attention and careful consideration must be given to the treatment of particular financial accounting practices to ensure adherence to Bank spreading guidelines to accurately present spreads and financial analysis.
• The Underwriter must validate the financial integrity of borrower entities, consolidate affiliated entities when appropriate, and analyze guarantor tax returns and personal financial statements.
• Spreading should support both historical performance evaluation and forward-looking projections.
• **Financial Analysis & Risk Assessment** Using the financial spreads and other relevant information, the Underwriter performs comprehensive credit and risk analyses.

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