Commercial Underwriter – 1537136

Oakland, CA

Our ideal candidate: We are seeking candidates deeply committed to our mission: to transform the banking industry from within. We lead by example, collaborate with and invest in change-makers, and build sustainable prosperity in our communities.

Who we are: Beneficial State is one of only a handful of B-Corp banks in the nation and one of the highest-rated B-Corps on the planet. That means that we subscribe to a rigorous evaluation standard that measures our positive impact, not just our profitability. We demonstrate how a bank can combine social equity, environmental sustainability, and business stability to create a better financial system – a system that drives inclusive prosperity to benefit people and the planet. #BCorp #WeAreBCorps

Join our team: If you are ready to do challenging and transformative work that will build a brighter future for us all, and you are hungry to bring your passion and energy to the table, we welcome your application.


The AVP, Underwriter on the CRE team is responsible for the underwriting and coordination in closing CRE loans originated by the bank. Underwriters are also responsible for spreading, managing, and maintaining financial information on present and prospective customers which includes performing special financial statement analysis that may involve complex and interlocking relationships.


This position is a unionized position through the Communication Workers of America. 


  • Underwrites and coordinates in closing a range of Commercial Real Estate loan structures, property types and difficulty
  • Spreads, manages, and maintains the financial backgrounds of present and prospective customers
  • Performs special financial statements analysis involving moderately complex and interlocking relationship
  • Assists lending officers on credit and loan matters involving unusual situations
  • Assists VP’s and SVP’s with implementing strategic programs and product development
  • May assist in the preparation of any reports required from Credit Administration 
  • May train selected personnel or new hires in credit operation and/or financial statement analysis
  • May recommend changes to policies, strategies, cost-effectiveness, and possibly quality improvement
  • May contribute and manage a bank-wide specialty function of some scope and complexity in applying technical expertise. Provides support in quality control and consistency in underwriting of new and existing business by being the subject matter expert on forms, process, and execution database and underwriting process
  • May partner at times with the Relationship Manager in customer calls for generating new businesses and expansion of existing core clientele as needed
  • Provides financial decision for RMs and participant in building client relationship
  • Responsible for underwriting complex transaction and preparing Commercial Real estate Prefights and Term Sheets in a timely fashion
  • Performs portfolio management functions for timely loan renewals and compliance within CRE guidelines at times of increased portfolio management demand
  • May act as liaison between CRE team and Credit team
  • Assists/prepares written credit memoranda and ancillary forms for complex credit facilities and occasionally partners with the Relationship Manager in presenting Preflight and Approval Memos to various committees
  • Contributes to ensure underwriting process operation efficiently and generates more closing and income to the Bank 
  • Works closely with lending officer in all aspects of the loan request, structuring, and appraisal reviews
  • Mentors junior underwriters and analysts
  • Foster open dialogue and strong relationship with Credit Administration, Loan Operations, and other groups involved in the supporting line of business
  • May be required to attend bank sponsored events
  • Ensures compliance with all state and federal regulations and internal company policies, including but not limited to BSA / Anti-Money Laundering, Fair Lending, Privacy, and Anti-Discrimination, to the extent each applies to current job responsibilities
  • Completes all online compliance training as assigned within specified due dates
  • Stay current with current CRE rules and procedures


The position of AVP, Underwriter for CRE is not generally responsible for the direct supervision of any employee(s) however, this may occur, including responsibility for a function/process with or without staff supervision


  • Bachelor’s degree in finance or an equivalent field of education and/or work experience combined
  • 5+ years of CRE underwriting and analysis experience; preferably in a financial institution and banking environment (with Nonprofit, Multifamily, Construction, and Affordable Housing is a preferred)
  • Previous underwriting experience in C&I, SBA, and Business Banking is a plus
  • Demonstrated expertise in core business of CRE Lending
  • Proven depth knowledge and experience in appraisal methodology and financial statement analysis
  • Computer literacy in Microsoft application: Word, Excel, Teams, and Outlook
  • Effective oral, written, and interpersonal communication skills
  • Demonstrated strong analytical and project management skills for various tasks and projects involving multiple facets and variables
  • Excellent organizational and time management sills
  • Worked with minimal supervision in performing duties 
  • Market knowledge of CRE dynamics

What is the benefit package for this role? Beneficial State Bank’s benefits include a comprehensive package designed to support you and your eligible dependents. We focus on the holistic health of our team members and promote work-life balance.


Our benefit package includes:

  • Medical / Dental / Vision / Basic Life / STD / LTD
  • Vacation Days: 2-4 weeks depending on role
  • Sick Days: 12 days per year
  • Holidays: 11 days per year
  • 401(K) / ROTH / FSA / HSA / EAP
  • Education and Adoption Assistance
  • Bank-Wide Annual Discretionary Bonus Program
  • Production-based incentive program available for some roles.
  • Paid Volunteer Time: 4 days per year / annual match of qualifying employee donations
  • Paid Sabbatical Program after 5 years of service
  • Pet Benefits

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