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At American Plus Bank, employees are our greatest assets and key to our success with customers. We value each other and are committed to every employee’s personal and professional growth. American Plus Bank is an Equal Opportunity Employer. Interested in joining our Team? Submit your resume to hr@bankaplus.com for review.
The Bank is seeking an experienced loan underwriter to provide comprehensive credit support covering both new loan underwriting and ongoing portfolio management. The position will have a significant focus on commercial real estate and construction lending, including ground-up construction, renovation and other commercial real estate development projects.
The successful candidate will be responsible for analyzing and underwriting commercial credits and monitoring an assigned portfolio after closing.
DUTIES
Commercial Loan Underwriting
- Underwrite new and existing CRE, owner-occupied, non-owner occupied, and construction loan requests.
- Analyze borrower and guarantor financial statements, tax returns, global cash flow, liquidity, net worth and reppayment capacity.
- Evaluate property operating statements, rent rolls, leases, appraisals, marketing conditions, LTV, DCR, and other relevant credit metrics.
- Analyze sources and uses of funds, equity contributions, repayment sources, collateral, guaranties, covenants, and proposed loan structures.
- Identify material credit risks, policy exceptions, weaknesses, and mitigating factors.
- Prepare comprehensive credit analysis, loan presentations, and write-up for Management and Directors Loan Committee review.
- Coordinate with Business Development Officer to obtain additional information and strenghthen proposed loan structures.
- Cross sell other Bank products and services.
- Accept other duties as deemed necessary by the supervisor, and the Chief Lending Officer.
Commercial Loan Portfolio Management
- Manage and monitor an assigned commercial loan portfolio.
- Complete annual reviews, renewals, extensions, modifications, and periodic credit updates.
- Monitor borrower financial statements, tax returns, rent rolls, operating statements, insurance and other required documentations
- Monitor financial covenants and other loan conditions.
- Maintain accurate loan ticklers, and ensure required information is obtained timely.
- Identify early warning signs, deteriorating financial conditions, covenant violations, deliquency, and other emerging credit concerns.
- Assist with criticized and classified assets, workout situations, and special assets when necessary.
Construction Loan Underwriting
- Underwrite ground-up construction, renovation, conversion, and other commercial construction projects.
- Review construction budgets, plans, specifications, permits, contracts, contingencies, and sources and uses.
- Analyze project feasibility, projected costs, projected revenues, absorption, stabilization, and ultimate repayment or takeout strategy.
- Evaluate borrower, developer, contractor, architect, and other key project participants.
- Assess guarantor financial capacity, liquidity, net worth, and ability to support the project.
Construction Loan Portfolio Monitoring
- Monitor construction projects from closing through completion and stabilization.
- Review construction draws requests, inspection reports, budget to actual information, remaining costs, and project progress.
- Monitor construction budgets for cost overruns, funding shortfalls, and changes in project scope.
- Identify potential delays or deficiencies and escalate material concerns to senior management.
QUALIFICATIONS
Education: Bachelor degree in Business Administration or Finance is preferred.
Experience: Minimum 7 years of commercial banking credit, underwriting, portfolio management experience. Strong judgement and ability to identify and communicate credit risks. Strong construction lending experience, preferably covering the full loan cycle, from underwriting through funding, construction loan monitoring, completion, stabilization, and repayment or permanent financing.
Skills/Ability: Extensive knowledge of financial analysis, economic trend, loan origination with business development skills. PC proficient in Word and Excel. Excellent verbal and written communication skills.
** Salary Range: $85K to $100K per year; EOE
SUMMARY
Managing customer services and operations functions of the assigned branch, Assistant Operations Officer ensures operations activities run smoothly and efficiently by coordinating staff for coverage in all related areas of branch operations, reviewing and approving transactions within guidelines, reviewing daily operations reports, and ensuring regulatory compliance and staff adherence to Bank policies and procedures.
DUTIES
•Manage the operations functions of the branch to ensure the highest level of customer service, operating efficiencies, and compliance with the Bank’s operating standards and regulatory requirements.
•Ensure the branch effectively manages the risks associated with each customer relationship. Utilize good judgment to ensure that any potential loss situation that could adversely affect the Bank is given an adequate level of visibility with senior management as well as appropriate units within the Bank.
•Ensure sound operating conditions are maintained in the branch by utilizing the timely completion of monthly branch certifications and operational reviews.
•Assist in attaining established Bank and branch goals through cross-selling.
•Meet with staff on regular basis to discuss new and existing products, service productivity and client relations/satisfaction. Advise management on issues affecting customer service to ensure the timely research and resolution of problems. Identify and recommend methods to improve effectiveness, efficiency and program(s) productivity.
•Provide guidance and assistance to branch colleagues in resolving procedural and personnel administration problems. Provide instruction and cross training on Bank procedures and banking regulations. Ensure performance reviews/evaluations of the branch’s non-officer staff are completed timely, objectively and with proper emphasis on individual development, coaching skills, customer servicing skills, and sales/referral activities.
•Prepare BSA related monitoring reports.
•Accept other duties as deemed appropriate by supervisor.
QUALIFICATIONS
Education: College degree with business classes preferred but not required.
Experience: Minimum 5 years of bank branch operations experience with transactions approval authority and supervisory responsibility.
Skills/Ability: Thorough knowledge of bank branch operations-related regulations and bank products, and good verbal/written communication skills.
** Salary Range: $54K to 56K per year; EOE
SUMMARY
The BSA (Bank Secrecy Act) Assistant supports the BSA/AML Compliance Team and reports to the BSA Officer in ensuring the Bank's compliance with all applicable laws and regulations, including the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) requirements, USA PATRIOT Act, and the Office of Foreign Assets Control (OFAC). This position performs daily transaction monitoring, alert review, investigations, regulatory reporting, due diligence, and recordkeeping activities.
DUTIES
•Monitor transactions and review system-generated alerts; close or escalate them as appropriate.
•Investigate unusual activity, document findings and promptly notify the BSA Officer of potentially suspicious activity.
•Prepare and file Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) timely, maintaining SAR confidentiality.
•Supports Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews.
•Perform OFAC screening, resolve potential matches, and monitor sanction list updates.
•Respond to FinCEN 314(a) requests, law enforcement inquiries, and subpoenas within required deadlines.
•Support the BSA/AML risk assessment and training program, including data gathering and reporting.
•Maintain BSA records and prepare documentation for regulatory exam audits.
•Answer internal BSA/AML/OFAC inquiries and guide staff on BSA procedures.
•Stay current on regulatory changes and assist the BSA Officer in updating BSA/AML policies and procedures.
•Perform additional duties as assigned.
QUALIFICATIONS
Education: High school diploma or equivalent required; associate or bachelor's degree in business, FInance, or related field preferred.
Experience: Minimum 2 years of banking or compliance experience required; at least 1 year of BSA/AML experience preferred. Working
knowledge of BSA/AML/OFAC regulations.
Skills/Ability: Strong analytical, organizational, and communication skills with close attention to detail. Proficient in Microsoft Ofice (Excel, Word, Outlook) and familiarity with Patriot Officer BSA/AML monitoring software preferred.