Current jobs related to Principal Loan Underwriter - Stockton, California - The Ladders

Why consider a career with us?

The Ladders presents an exceptional opportunity to join a national financial institution dedicated to supporting those who cultivate and sustain our communities. We are an evolving organization that values teamwork and innovation while providing impactful solutions. At The Ladders, you will find a nurturing environment where your contributions genuinely matter to our clients and colleagues.

What we offer:

• A strong commitment to the agricultural sector and the communities we support
• A family-oriented workplace
• Investment in the growth and development of our employees
• Comprehensive Medical, Dental, and Vision plans
• Robust 401k plan with an automatic 3% employer contribution and a match up to 6%
• Generous Paid Time Off policy (21 days of vacation, 15 sick days, 12 paid holidays, plus 16 hours for community service)
• Competitive Incentive Compensation Program
• Disability and Life Insurance options
• Programs for mental, physical, and financial wellness
• Eligibility for performance-based bonuses

This position will remain open until filled.

PRIMARY RESPONSIBILITIES:

Oversee a designated loan portfolio, typically comprising substantial and intricate commercial and real estate loans. Evaluate new loan applications and other servicing requests through meticulous analysis of financial documents and relevant credit information. Responsible for the approval or denial of loan actions, either through assigned delegated authority or by recommending to higher authorities (such as Underwriting or Lending Managers, loan committees, or Chief Credit Officer). Facilitate the lending relationship by aiding applicants in completing loan applications and supporting financial documentation, serving as an additional contact for clients.

KEY DUTIES:

• Assist clients in preparing loan applications, financial statements, and budgets.
• Conduct thorough analysis of financial statements, including balance sheets and income statements, along with other necessary information to process loan requests. Perform due diligence and present findings and opinions regarding the overall creditworthiness of requests.
• Ensure compliance of loan requests with organizational policies and regulatory standards.
• Input all required financial data into financial analysis, loan origination, and other processing systems.
• Approve or deny loan actions within assigned authority or recommend approvals to appropriate parties.
• Assist in reviewing and determining legal documentation.
• Collaborate across departments and with external vendors to ensure an efficient loan origination and servicing process.
• Monitor the assigned portfolio to identify potential servicing needs and ensure compliance with loan terms.
• Act as a point of contact for clients within the designated portfolio, providing backup to loan officers on service issues and responding to information requests.
• Serve as a mentor and trusted advisor to credit staff within the department.
• Stay informed on business, economic, and industry risks affecting the designated loan portfolio.
• Represent the organization at public events.
• Perform additional duties as assigned.

SUPERVISORY RESPONSIBILITIES:

Make independent decisions while working under the general supervision of the VP - Underwriting Manager or designee.

QUALIFICATIONS:

• Bachelor's degree in agribusiness, business administration, or a related field, or equivalent experience.
• A minimum of seven years of prior Underwriting or Lending experience is required; previous leadership experience in Underwriting is preferred.
• Advanced knowledge of agriculture and agribusiness, with demonstrated expertise in relevant regional commodities.
• Comprehensive understanding of loan products and financial services.
• Strong grasp of sound credit administration practices with the ability to analyze complex requests.
• Above-average proficiency in cash flow, balance sheet, profitability, liquidity, and solvency analysis.
• Demonstrated analytical and statistical skills to effectively evaluate loan requests and provide independent creditworthiness assessments aligned with organizational philosophy and risk appetite.
• Proven ability to manage a complex loan portfolio effectively.
• Excellent written and verbal communication skills.
• Strong interpersonal abilities.
• Proficient in PC usage, including word processing, email, and spreadsheet software.
• Ability to organize and prioritize tasks to meet deadlines.
• Willingness to travel as required by the position.

PART-TIME REMOTE/HYBRID: Employees will work partly remotely and partly onsite, coordinating with managers to determine onsite requirements.

SALARY RANGE:
Minimum $94,000, Maximum $147,518.15 annually.

This range reflects the national salary average for this role and will be adjusted based on geographic location. The Ladders may offer compensation outside of this range for legitimate reasons unrelated to protected class membership.

All hiring is contingent upon eligibility to work in the United States. We are unable to sponsor or transfer visas for applicants.

The Ladders is an equal opportunity employer. We celebrate diversity and do not discriminate based on race, color, creed, religion, national origin, ancestry, alienage or citizenship status, age, sex, sexual orientation, gender identity, gender expression, marital status, genetic information, medical condition, physical or mental disability, pregnancy, childbirth or related medical condition, military service or veteran status, victims of domestic violence, or any other characteristics protected by applicable laws.

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