Reporting to the Hotel Franchise Finance (HFF) Underwriting Team Lead, the VP Portfolio Management Supervisor will oversee an underwriting team that is responsible for analyzing, structuring, underwriting and closing complex loans on hotels located across the United States. The VP Portfolio Management Supervisor will work with the Underwriting Team Lead and HFF Relationship Managers to ensure that credit risks are responsibly monitored and identified. The incumbent will assist the Underwriting T... more details
Job Title:
VP - Portfolio Management Supervisor - Hotel Franchise Finance (HFF)
Location:
New York, New York
What you'll do:
Reporting to the Hotel Franchise Finance (HFF) Underwriting Team Lead, the VP Portfolio Management Supervisor will oversee an underwriting team that is responsible for analyzing, structuring, underwriting and closing complex loans on hotels located across the United States. The VP Portfolio Management Supervisor will work with the Underwriting Team Lead and HFF Relationship Managers to ensure that credit risks are responsibly monitored and identified. The incumbent will assist the Underwriting Team Leads and Head of HFF to attain Bank and Business Line goals through actively underwriting, closing and managing desirable loans. The Portfolio Management Supervisor is responsible for ensuring compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
What we are looking for:
This role will train, teach, and develop staff. Actively manages, coaches, and mentors individuals to improve their understanding of underwriting responsibilities and the significance of underwriting and risk management;
Collaboration with underwriting and HFF platform head to review loan opportunities and advise upon credit metrics and proposed loan structures. Interacts with sophisticated clients including hotel owners, chief financial officers, general managers and legal staff, in-person, telephonically and by email to assess the best credit structure while meeting both Bank requirements and customer needs;
Gather, analyze and concisely summarize complex underwriting information required to present an easily-understood financing request to senior management and credit approvers;
Ascertain key property attributes and challenges including brand analysis, occupancy and rate trends, seasonality, competitive position, and demand drivers, e.g.: corporate, group, and leisure;
Analyze appraiser and borrower projections of key financial data; incorporate variance analysis while defending independent assumptions; review appraisals for accuracy, reasonableness, and identification of valuation and underwriting risks; review property due diligence reports to identify and structure around collateral risks
Negotiate loan documents consistent with approved loan terms including financial covenants, draw structure, personal guaranties, acceptable collateral controls, default remedies, re-margin requirements and other commonly negotiated provisions;
Demonstrate strong organizational and teamwork skills; coordinate the smooth and efficient administration and closing of approved loans; ensure loans conform to Bank lending policies and are managed according to the credit agreement and customer needs; obtain sufficient reporting data and documentation from customers; assist in solving problems related to processing and servicing of loans; identify and mitigate exceptions to Bank guidelines, and ensure that managed loans are assigned timely and accurate credit risk ratings;
Reinforce superior customer service through your own example along with appropriate follow-through with involved customers, employees, vendors, and stakeholders.
Handle various other underwriting, portfolio management and upkeep tasks and responsibilities related to new loan requests and/or the existing portfolio.
Qualifications
Bachelor's Degree from a 4 year college or university degree, preferably in Finance or Accounting
Minimum 7 years Hotel or CRE-Income underwriting experience at a financial institution
Exceptional credit knowledge and underwriting skills in Commercial Real Estate lending.
Advanced experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
Strong portfolio management skills allowing for timely identification of credit concerns by bringing items of concern to the Relationship Manager’s attention.
Outstanding presentation, verbal, and written communication skills.
Ability to work well with others in a collaborative team environment.
Excellent ability to juggle multiple credit requests at once.
Self-starter, entrepreneurial attitude, and an upbeat positive outlook.
Ability to travel upon short notice.
Compensation: Salary range for new hires is generally $162,000.00 - $200,000.00 for New York, NY. 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.
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