Career Opportunities

Position assists loan officers in performing loan underwriting and analysis of financial condition and risk of new and existing commercial real estate financing requests within framework of Bank credit culture and current economic and industry trends.

Essential Functions and Basic Duties:

• Gathers financial and market data from customers and other sources.
• Prepares spreadsheets and analyzes financial information including property rent rolls, operating statements, financial statements and tax returns.
• Contacts customers for additional information and clarification of data.
• Supports loan officers in writing loan requests and proposals within Bank Policy, including presentation to Credit Administration.
• Assists in coordination/engagement of appraisal, environmental and title reports.
• Orders appropriate loan documents and assists in the coordination of loan closings.
• Promotes quality customer relations and refers customers to appropriate staff for new services.
• Monitors/manages existing loan portfolio for reporting compliance and appropriate credit risk ratings, including CRE term loan reviews.
• Assists loan officers in verification of funds with mortgage companies and contractors.
• Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise responsibility.
• May represent the Bank in various community, civic and community reinvestment functions to promote the Bank’s image and develop additional business.

Qualifications and Desired Skills:

• Possess basic computer skills (Word/Excel/Bank related systems, etc.), knowledge of lending policies and general commercial real estate knowledge.
• Ability to work independently, multi-task, communicate well and be responsive in order to meet all deadlines.
• Assists in development of more junior credit analysts.
• Perform other related duties as required.

Experience Required:

• Bachelor’s degree preferred.
• Minimum of three years’ experience in a financial institution in a financial, lending, credit analysis or related area.
• Commercial Real Estate underwriting experience preferred.

The fast growing and dynamic Avidbank Venture Lending team is focused on providing lending and banking services for early and growth stage, venture capital backed, innovation companies nationwide. The Credit Analyst or Senior Credit Analyst is responsible for spreading, managing and maintaining financial background information on present and prospective customers, and assists with underwriting analysis for the Relationship Managers. Position includes managing spread assignments, making financial analyses, and maintaining related records and files

Essential Functions and Basic Duties:

• Analyzes credit and collateral information to determine risk involved in lending money to customers.
• Collects, organizes, analyzes company financials to ensure Bank compliance, and updates the Bank’s systems accordingly.
• Works directly with clients to resolve compliance issues and operational inquiries.
• Reviews client financials and performs sensitivity analysis to evaluate credit risk in connection with Bank structures.
• Prepares in-depth reports providing plans of action based on qualitative and quantitative research.
• Collaborates cross-functionally with Bank groups to execute treasury management products, foreign exchange instruments, derivatives as well as legal documents.
• Produces loan packages for new and restructured loans.
• Facilitates reporting and requests on behalf of the Bank with third parties, e.g. field auditors, appraisers, etc.
• Monitors loan disbursements to ensure compliance with Bank regulations.
• May conduct lien searches and other research.
• Performs other duties as assigned.

Qualifications and Desired Skills:

• Undergraduate degree in business, finance/accounting, or related field. 
• Familiarity with financial statements and ability to analyze business and financial data.
• Proficient in the use of personal computers and software programs, such as Excel and Word.
• Familiar with financial analysis and development of spreadsheets.
• Good communication skills, both verbal and written.

Experience Required:

1 year of related experience for Credit Analyst or 2 or more years related experience for Senior Credit Analyst.

This position provides assistance to the leader of the Construction Loan Department, back-up to the Loan Disbursements Specialist, and support to the department loan officers.

Essential Functions and Basic Duties:

• Provide assistance to the leader of the construction loan department.
• Provide back-up to Construction Loan Disbursements Specialist in processing construction loan advances in conformance with Bank' s policies and procedures and in maintaining complete and well organized records on same.
• Provide back-up to Construction Loan Disbursements Specialist in monitoring disbursement requests and inspection reports for signs of changes in risk and report.
• Manage and maintain loan files per established Bank procedures (including the supervision of conversion of prospect files to client files as well as up-loading of same to the FDM site).
• Provide support to the Real Estate Department loan officers in the processing of new loan requests and the management of existing loans and client relationships.
• Assist in oversee facilities and day-to-day office operations at the Redwood City office including:
  • Supply ordering.
  • Secondary contact on facilities issue in Redwood City.
  • Data entry, maintenance and reporting of all financial transactions for multiple business and project entities.
  • Maintains contract administration.
  • Prepares reconciliations for specified accounts.
• Assists management in insuring compliance with applicable banking regulations, with particular emphasis on the Bank Secrecy Act.
• Participates in the on-going computerization of the loan review function and file setup for Audits/Exams.
• Assists with loan closings, processing and coordination.
• Ensures approved loans are processed accurately and expeditiously according to the Bank and customer needs.
• Coordinate with the Title Companies as necessary, obtains required information and/or documentation from title company and clients (ex. insurance) to close on the loan in a timely manner.
• Responds to client queries and resolves routine problems related to processing and servicing of loans.
• May monitor loan disbursements and ensure they comply with bank requirements.
• Prepare monthly construction loan reports for manager.
• Assist with monitoring loans and determines when updates to documentation, e.g. financial statements, are required. 
• Assists loan officers in verification of funds with mortgage companies and contractors.
• Performs other duties as required.

Qualifications and Desired Skills:

• Working knowledge of business software (Word/Excel/Bank related systems).
• Knowledge of lending policies and general construction processes.
• Excellent customer service and communication skills. 

Experience Required:

Associates Degree preferred.

Minimum of 3 years’ experience in a financial institution, lending, real estate or related area.

The Loan Operations/Disbursement Specialist role is to assist our Construction Loan Officers/Managers in gathering and analyzing Draw information on current and past draws.

Essential Functions and Basic Duties:

• Assist with managing construction loans: analyze draw request to ensure compliance with policies & procedures.
• Assist with the setup of client spreadsheet/disbursement files and if needed contact customers to arrange for orientation meeting with regards to the disbursement process.
• Set up folders and save all disbursements documents to include: Draw Request, Endorsements, Inspection Reports and Spreadsheet in the Shared Drive.
• Provide superior customer service in order to ensure client satisfaction.
• Process both routine and complex monetary and non-monetary transactions.
• Coordinate with title companies to research and verify titles and endorsements.
• Coordinate with insurance companies for required policies including: Course of Construction, General Liability and Worker's Compensation Insurance.
• Provide assistance to relationship managers regarding overdraft accounts and other tasks assigned.
• Participates in the on-going computerization of the loan review function and file setup for Audits/Exams.
• Performs other duties as required.

Qualifications and Desired Skills:

• Associate or Bachelor’s Degree in finance, accounting, business, or related field.
• Basic knowledge of commercial, construction, real estate and consumer loan processing. 
• Understanding of financial statements, tax returns and basic financial analysis.
• Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise responsibility.
• Strong analytic and computer skills, interpersonal skills and organizational skills.
• Ability to effectively present information, verbally, and in writing. 

Experience Required:

Minimum of two years’ experience in a financial institution in an accounting/financial, lending, or related area. Real estate lending experience preferred.