Fremont Bank
Sr. Construction Underwriter
Job Title:
Sr. Construction Underwriter Location:
Livermore, CA Hiring Salary Range:
$93,200 – $143,700 annually Position Summary Fremont Bank — one of the Bay Area’s most respected and long-standingfinancial institutions — is seeking a strategic, hands-on professional to joinand help advance our Construction Loan Operations team. This is a high-impactopportunity to contribute to the success of a mission-driven organizationcommitted to excellence, community service, and strong client relationships. If you're energized by purpose-driven work, collaboration, and deliveringmeaningful results, we’d love to connect. Why Fremont Bank? Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for the past 15 consecutive years. Our foundation is built on relationships — with our clients, our associates, and our communities. We offer: A people-first culture grounded in inclusion and excellence Deep community involvement and local reinvestment A mission-driven workplace where values and performance go hand in hand The Fremont Bank Way Full-Service Banking
with comprehensive financialsolutions, advanced technology, and exceptional service No-Compromise Approach
— we help clients get to"yes" Core Values: oGo above and beyond for clients oFoster a supportive and empowering environment for associates oDeeply invest in the well-being of our local community Role andResponsibilities Screenall new loan requests regarding structure, purpose and source of repaymentbefore submitting for further approval and processing Manageloan pipelines for loans in process and maturing construction loans;prioritize transactions and keep the pipeline accurate and current Perform spreadsheetand narrative credit analysis on construction projects Analyze and spread borrower credit, including credit report,personal, and business financial statements, personal and business taxreturns, schedule of real estate owned, property rent rolls, leases, andoperating statements Review borrower organizational documents and accurately presentthe borrower structure along with Guarantors in the Narrative Review and aid the loan processor in decisioningpreliminary title reports Prepare and recommend Loan Credit Memorandums; identify andsummarize all file conditions on the Loan Credit Memorandum to ensuresmooth documentation and closing Present loan recommendations to credit committees or seniormanagement for approval Work with the loan processor to review outstanding conditionsthrough the loan closing process Coordinate with theLoan Documentation group to ensure prompt documentation and funding Review construction loan documentation Assist in portfolio management functions such as risk ratingassessments, loan servicing requests, and special asset transfers Provide training to processors and commercial credit analysts asneeded Manage and review workflowto ensure the department’s SLA are achieved and credit policy andguidelines are adhered to for all credits Address/resolveexception items noted from Loan Review/Audit Department Continuallydo process improvement assessment and implement revisions to the processas necessary Communicate with appropriate Director(s) and/orExecutive Management on recommendations for improving efficiency, productivityand quality of output Ability to promote a team atmosphere between underwriting staff and sales staff PositionOverview The Senior Construction LoanUnderwriter evaluates and underwrites new construction loans, and extensionrequests for the existing loan portfolio. Works with Commercial Relationship Managers (CRMs) to complete aninitial project analysis, loan sources and uses and assists in overall structuringof construction loans. Collects, reviews and analyzes financial data includingborrowers’ tax returns and financial statements, as well as data supporting agiven construction project. Preparesquality narrative presentations within the Bank’s loan underwriting system andpresents it to management and loan committees. Visits construction sites, documents on-going project progress, andreviews construction draws as needed. Qualifications and Education Requirements Bachelor’s degree, preferably in Business/Finance/Accounting 5 years’ related experience in Construction and Commercial Real Estate Underwriting required Demonstrated understanding of Basic Accounting and Financial Statements, understanding of Global Cash Flow, and experience with spreading software Strong communication skills (verbal and written) and professional business etiquette Ability to work in a fast-paced environment while delivering accurate and quality work product Excellent organizational skills Proficiency in Microsoft software Knowledge of Bay Area real estate market preferred What Makes Fremont Bank Associates Thrive? Team Players who go above and beyond to support their colleagues Action-Oriented professionals who challenge the status quo and seek improvement Purpose-Driven individuals who understand and champion the bank’s community impact Benefits Snapshot Health & Wellness Medical, dental, and vision insurance Flexible Spending Accounts (FSA, Dependent Care, Health Savings) Financial & Retirement Employee Stock Ownership Plan (ESOP) 401(k) with employer match Performance-based bonuses or incentives Work-Life & Perks Paid holidays, vacation, sick time, and parental leave Free personal checking and savings accounts Home loan rate discounts Tuition reimbursement and professional development resources On-site gym and discounted health club memberships Employee Assistance Program (EAP) Equal Opportunity Employer Fremont Bank is proud to be an Equal Opportunity Employer. We are committed to creating an inclusive environment for all employees, regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, or any other protected classification. Salary Range The hiring salary range for this position is $xxxxxx to $xxxxxx annually, based on factors such as experience, skills, education, and internal equity. Compensation decisions are made in consideration of these factors and in alignment with Fremont Bank’s compensation philosophy. Employee Stock Ownership Plan (ESOP) The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank to contribute to the financial well-being of associates by making a contribution to their retirement account. In addition, the ESOP provides associates an opportunity to share in the growth and prosperity of Fremont Bank. Note to Search Firms: Fremont Bank does not accept unsolicited resumes from search firms or agencies without a signed service agreement. Unsolicited resumes will be considered the property of Fremont Bank, and no fees will be paid.
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Job Title:
Sr. Construction Underwriter Location:
Livermore, CA Hiring Salary Range:
$93,200 – $143,700 annually Position Summary Fremont Bank — one of the Bay Area’s most respected and long-standingfinancial institutions — is seeking a strategic, hands-on professional to joinand help advance our Construction Loan Operations team. This is a high-impactopportunity to contribute to the success of a mission-driven organizationcommitted to excellence, community service, and strong client relationships. If you're energized by purpose-driven work, collaboration, and deliveringmeaningful results, we’d love to connect. Why Fremont Bank? Founded in 1964, Fremont Bank is one of the oldest independently owned banks in the Bay Area and has been consistently recognized as a Top Workplace for the past 15 consecutive years. Our foundation is built on relationships — with our clients, our associates, and our communities. We offer: A people-first culture grounded in inclusion and excellence Deep community involvement and local reinvestment A mission-driven workplace where values and performance go hand in hand The Fremont Bank Way Full-Service Banking
with comprehensive financialsolutions, advanced technology, and exceptional service No-Compromise Approach
— we help clients get to"yes" Core Values: oGo above and beyond for clients oFoster a supportive and empowering environment for associates oDeeply invest in the well-being of our local community Role andResponsibilities Screenall new loan requests regarding structure, purpose and source of repaymentbefore submitting for further approval and processing Manageloan pipelines for loans in process and maturing construction loans;prioritize transactions and keep the pipeline accurate and current Perform spreadsheetand narrative credit analysis on construction projects Analyze and spread borrower credit, including credit report,personal, and business financial statements, personal and business taxreturns, schedule of real estate owned, property rent rolls, leases, andoperating statements Review borrower organizational documents and accurately presentthe borrower structure along with Guarantors in the Narrative Review and aid the loan processor in decisioningpreliminary title reports Prepare and recommend Loan Credit Memorandums; identify andsummarize all file conditions on the Loan Credit Memorandum to ensuresmooth documentation and closing Present loan recommendations to credit committees or seniormanagement for approval Work with the loan processor to review outstanding conditionsthrough the loan closing process Coordinate with theLoan Documentation group to ensure prompt documentation and funding Review construction loan documentation Assist in portfolio management functions such as risk ratingassessments, loan servicing requests, and special asset transfers Provide training to processors and commercial credit analysts asneeded Manage and review workflowto ensure the department’s SLA are achieved and credit policy andguidelines are adhered to for all credits Address/resolveexception items noted from Loan Review/Audit Department Continuallydo process improvement assessment and implement revisions to the processas necessary Communicate with appropriate Director(s) and/orExecutive Management on recommendations for improving efficiency, productivityand quality of output Ability to promote a team atmosphere between underwriting staff and sales staff PositionOverview The Senior Construction LoanUnderwriter evaluates and underwrites new construction loans, and extensionrequests for the existing loan portfolio. Works with Commercial Relationship Managers (CRMs) to complete aninitial project analysis, loan sources and uses and assists in overall structuringof construction loans. Collects, reviews and analyzes financial data includingborrowers’ tax returns and financial statements, as well as data supporting agiven construction project. Preparesquality narrative presentations within the Bank’s loan underwriting system andpresents it to management and loan committees. Visits construction sites, documents on-going project progress, andreviews construction draws as needed. Qualifications and Education Requirements Bachelor’s degree, preferably in Business/Finance/Accounting 5 years’ related experience in Construction and Commercial Real Estate Underwriting required Demonstrated understanding of Basic Accounting and Financial Statements, understanding of Global Cash Flow, and experience with spreading software Strong communication skills (verbal and written) and professional business etiquette Ability to work in a fast-paced environment while delivering accurate and quality work product Excellent organizational skills Proficiency in Microsoft software Knowledge of Bay Area real estate market preferred What Makes Fremont Bank Associates Thrive? Team Players who go above and beyond to support their colleagues Action-Oriented professionals who challenge the status quo and seek improvement Purpose-Driven individuals who understand and champion the bank’s community impact Benefits Snapshot Health & Wellness Medical, dental, and vision insurance Flexible Spending Accounts (FSA, Dependent Care, Health Savings) Financial & Retirement Employee Stock Ownership Plan (ESOP) 401(k) with employer match Performance-based bonuses or incentives Work-Life & Perks Paid holidays, vacation, sick time, and parental leave Free personal checking and savings accounts Home loan rate discounts Tuition reimbursement and professional development resources On-site gym and discounted health club memberships Employee Assistance Program (EAP) Equal Opportunity Employer Fremont Bank is proud to be an Equal Opportunity Employer. We are committed to creating an inclusive environment for all employees, regardless of race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, veteran status, or any other protected classification. Salary Range The hiring salary range for this position is $xxxxxx to $xxxxxx annually, based on factors such as experience, skills, education, and internal equity. Compensation decisions are made in consideration of these factors and in alignment with Fremont Bank’s compensation philosophy. Employee Stock Ownership Plan (ESOP) The Employee Stock Ownership Plan (ESOP) is a way for Fremont Bank to contribute to the financial well-being of associates by making a contribution to their retirement account. In addition, the ESOP provides associates an opportunity to share in the growth and prosperity of Fremont Bank. Note to Search Firms: Fremont Bank does not accept unsolicited resumes from search firms or agencies without a signed service agreement. Unsolicited resumes will be considered the property of Fremont Bank, and no fees will be paid.
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