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COMMERCIAL UNDERWRITER II

Our Company

At BBVA, we are leading the transformation of global banking with the aim of bringing the opportunities of this new era within everyone’s reach. We are a global financial institution present in 30 countries with over 75 million customers. We are a bank with over 126,000 employees across the world and every one of those employees is leading and designing his/her professional career with the help of tools provided by the organisation to make that happen.

Corporate responsibility is an intrinsic part of our business model, promoting inclusion and financial education while supporting research and culture. Being part of BBVA means developing your career in one of the most innovative companies in finance.

We started out with the spirit of helping others make the best financial decisions. That spirit remains with us today and encourages us to keep moving forward, prioritising innovation and digital transformation so that we can bring the opportunities of this new era within everyone’s reach.

Our values define our identity; they are what drives us to make our goals a reality and they guide all of our actions and the decisions we make.

  • - The customer comes first.
  • - We think big.
  • - We are one team.

Job description


This position underwrites loan requests in a high-volume environment, while adhering to department/bank policies and guidelines.

Responsibilities



    Assists and counsels originators in qualifying loans, determining borrower''s needs, determining appropriate commercial loan product in light of needs, and obtaining requisite financial data. Reviews credit requests, business credit scores, business reports and consumer bureaus.
    Evaluates collateral adequacy, industry risk, purpose and viability of business. Obtains and analyzes pertinent financial and credit data to assist in determining the risk of the loan.
    Determines appropriate structure and pricing in light of borrower type, industry, collateral, and risk and documenting any deviations from the prescribed structure. Assesses strengths and weaknesses of loan requests.
    Completes financial and repayment analysis with a focus on cash flow, liquidity, and leverage analysis. Thoroughly documents the credit request in the appropriate format.
    Verifies underwriting conditions and additional approval requirements are satisfied. Ensures effective communication between Relationship Managers, Loan Administration, Loan Documentation & Funding Control and other departments involved in the loan process.

Education/Experience

Bachelor''s Degree (BA, BS, etc.) in Accounting, Finance, Management, or a Business related field required with Two (2) years of underwriting or credit analysis experience. Work experience may substitute for education requirement.

Lic/Cert/Reg

Required: None required
Preferred: None preferred

Preferred Qualifications

OverviewThis position underwritescommercial real estate or affordable housing loan requests in a high-volumeenvironment, while adhering to department/bank policies and guidelines.Responsibilities

  • The Bank is looking for a qualifiedcandidate with experience in Commercial Real Estate or Affordable HousingUnderwriting.
  • Depending on expertise the position underwrites complexcommercial real estate loans and investment requests for the financing ofaffordable housing utilizing the Low Income Housing Tax Credit and CDFIs.
  • Assists and counsels originators in qualifying Commercial Real Estate/Affordable Housing loans, determining Sponsor/Borrower's needs, determining appropriate commercial loan product in light of needs, and obtaining requisite financial data (operating statements, rent rolls, borrower and guarantor financial statements).
  • Reviews credit requests, commercial real estate market data, business reports and consumer bureaus. 
  • Evaluates collateral adequacy, industry risk, purpose and viability of proforma business, operating and lease-up plan; must be familiar with term and construction lending. 
  • Obtains and analyzes pertinent financial and credit data, rent roll and tenant analysis to assist in determining the risk of the loan.
  • Determines appropriate structure and pricing in light of borrower type, industry, collateral, and risk and documenting any deviations from the prescribed structure, Credit Policy and/or Underwriting Guidelines.
  • Assesses strengths and weaknesses of loan requests.
  • Completes financial, repayment and exit analysis with a focus on cash flow, loan to cost, and loan to value analysis.
  • Understanding, emphasis and implementation of Loan Policy
  • Thoroughly documents the credit request in the appropriate format.
  • Verifies underwriting conditions and additional approval requirements are satisfied.
  • Ensures effective communication between Relationship Managers, Loan Administration, Loan Documentation & Funding
  • Control and other departments involved in the loan process. 
  • Strives to minimize turnaround-time while thorough documenting credit requests. 

Preferred Qualifications

  • Experience in Affordable Housing AND/OR Commercial Real Estate Underwriting 




At BBVA, we believe that having a team made up of people with different ways of viewing the world and of taking on each challenge makes us a better bank. That is why we actively support diversity and inclusion, and we invite you to apply, regardless of your race, gender, age, sexual orientation, country of origin, experience, studies, etc.
We nurture a collaborative and inclusive work environment that enables us to show and develop the best we each have to offer.

Pay Transparency Policy Statement

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information (41 C.F.R. 60-1.35 (c)).

Individuals with Disabilities

BBVA Compass, BBVA Securities Inc., and BBVA S.A. New York Branch invite all interested and qualified applicants to apply for employment opportunities. If you are a U.S.-based job seeker with a disability who is unable to use our online tools to search and apply for jobs, please contact us by emailing: disabilityaccessjobs.us@bbva.com or by calling toll-free (in the U.S.) 1-844-664-9275. Please indicate the specific type of assistance needed*.
*The disability access telephone line and email address are reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related or technical issues, will not receive a response.

EEO Statement

BBVA Compass, BBVA Securities Inc., and BBVA S.A. New York Branch have a firm and unwavering policy to provide equal employment opportunity without regard to age, citizenship, color, disability, ethnic origin, gender, gender identity and expression, marital status, nationality, national origin, race, religion, sexual orientation, genetic predisposition, protected veteran status, or any other status or classification protected by federal, state or local law. This policy includes all job groups, classifications and organizational units. With regard to employment, this policy extends to applicants and covers our recruiting, hiring, promotion, transfer, demotion, discipline, termination, benefits, compensation and training practices as well as social and recreational activities. View the "EEO is the Law" & "View the EEO is the Law Supplement Poster" poster. BBVA Compass, BBVA Securities, Inc., and BBVA NY are equal opportunity and affirmative action employer.