Ultra Private Wealth Senior Underwriter

Job Description

Job Summary

Review and decision complex, mortgage transactions for ultra-high net worth and high net worth applications. Mentor more junior underwriting staff related to ultra- high net worth credit analysis.

Under minimal supervision, uses extensive knowledge and skills obtained through formal education and/or work-related experience to act as the lead underwriter of high net worth and ultra-high net worth residential lending applications. Ensures excellent client service is provided, a profitable loan is originated, and all standard underwriting guidelines are met. Analyzes complex, high-value situations or problems to which there are several alternative approaches. Devises innovative methods and makes relatively complex decisions within established policy using independent judgment. Works with a high level of autonomy and is accountable for ensuring the quality and reliability of work performed.

Essential Duties And Responsibilities

• Underwrites credit package and makes loan decisions for high net worth and ultra high net worth residential lending applications up to the loan amount authority established by the Raymond James Bank Board of Directors.
• Underwrites credit package and prepares recommendations for presentation to Loan Committee.
• Ensures compliance with Raymond James Bank, state, federal and (if applicable) agency and investor guidelines.
• Interact with financial advisors, clients, and CPAs, and banking consultants regarding residential mortgage loan transactions, their deal structures and documentation requirements.
• Reviews and analyzes real estate appraisals for acceptance in connection with residential loan transactions.
• Maintains knowledge of Raymond James Bank loan programs.
• Collaborate with Mortgage Consultants regarding deal structure recommendations to high-net-worth clients. Works to identify alternatives, in order to exceed expectations
• Establishes strong relationships and gains the trust of financial advisors, mortgage consultants, banking consultants and their high-net-worth clients.
• Interacts professionally with clients, associates, and financial advisors to provide professional client service upholding the Service 1st philosophy.
• Coordinates the approval of underwriting conditions/exceptions. Reviews the file prior to closing.
• Analyzes tax returns, financial statements, and reviews of title commitments.
• Works directly with Lending Manager(s) while exercising independent judgement of work functions.
• Reviews and analyzes procedures for more efficient and cost-effective ways of handling the workflow.
• Identifies appropriate process improvements and collaborates with management on implementation and communication. Also communicates department issues to management.
• Adheres to policies as established by management.
• Performs day-to-day monitoring of underwriting file workflow while maintaining excellent relationships with clients, financial advisors, and partners including, sales, processing, support staff and vendors in order to exceed expectations.
• May assist with onboarding new associates and oversee an efficient and knowledgeable staff through coaching, mentoring, and personal leadership.
• Keeps management apprised of developments as they relate to workflow and special projects. Communicates and coordinates changes in policy and procedures that affect other partners/departments.
• Performs other duties and responsibilities as assigned.
  
  

Knowledge, Skills, And Abilities

Knowledge of

• Raymond James Bank underwriting guidelines, national multi-state federal and state lending laws, and portfolio residential lending; creditor financial analysis techniques.
• Advanced knowledge of self-employed income analysis.
• The appraisal, credit report, income, title, and insurance documentation processes.
• Unique vestings such as irrevocable, trust and property in corporate entities.
• Prior credit authority delegation preferred.
• Commercial credit experience preferred.
• Principles, practices, concepts and procedures of underwriting, mortgages, banking and financial markets and products.
  
  

Skill in

• Data analysis.
• Critical thinking, problem solving and creativity.
• Providing a high level of service in the spirit of Raymond James’ Service 1st commitment.
• Organizational skills including a high level of accuracy and attention to detail.
• Effective oral and written communications to convey details on various mortgage loan products and processes.
• Operating standard office equipment and using required software applications.
  
  

Ability to

• Build strong and productive relationships with financial advisors, mortgage consultants and their high-net-worth clients.
• Demonstrate initiative, leadership and poise working in a fast-paced environment.
• Partner with other functional areas to accomplish objectives.
• Work independently as well as collaboratively within a team environment.
• Articulate reasons behind decisions. Clearly communicate regarding decisions, changes, and other relevant information.
• Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities and deadlines.
• Present effectively and informatively.
• Maintain a high level of integrity and confidentiality.
• Conduct transactions for high profile and high net worth clients.
• Research and analyze financial statements, perform complex tax return analysis, interpret findings, and prepare reports of financial position and credit worthiness.
  
  

Educational/Previous Experience Requirements

• Bachelor’s degree in Finance, Accounting or Business Administration with a minimum of:
• 15 years mortgage lending
• 6 years high net worth mortgage lending
• 3 years ultra-high net worth mortgage lending
• OR ~
• An equivalent combination of experience, education and/or training approved by Human Resources.
  
  

Licenses/Certifications

• Completion of formal credit training preferred.
  
  

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience – 10 to 15 years

Certifications

Travel

Less than 25%

Workstyle

Remote

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We Expect Our Associates At All Levels To

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
  
  

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.