Job Information
Western Alliance Bank Assistant Vice President, Portfolio Management - Hotel FRanchise Finance (HFF) in New York, New York
Job Title:
Assistant Vice President, Portfolio Management - Hotel FRanchise Finance (HFF)Location:
New York, New YorkWhat you'll do:
Western Alliance Bank is seeking a portfolio manager and underwriter to join one of the largest hotel lending teams in the United States. With a portfolio of over $4 billion in hotel assets, this fast-paced environment will expose you a variety of hotel types and major hotel ownership groups across the country. The ideal candidate will thrive in a task-oriented workflow and will possess strong commercial real estate underwriting skills and extensive knowledge of the hospitality industry, while benefiting from team leadership with decades of experience in hotel underwriting.The role includes investigating the viability of new deals, underwriting new loans (both existing assets and new construction), and will manage a portfolio of hotels in major United States markets. You will have the opportunity to interact directly with investors, owners, and operators. This will assist in the training, mentoring, and onboarding of Credit Analysts, allowing you grow through teaching. It also provides opportunity to grow within the team as skills are mastered and production quality exceeds expectations. The ability to give and receive feedback is essential to our team members as we learn through doing. Resources are available for professional development and group learning is encouraged.
The ideal candidate will thrive in a team-oriented setting, has a "can-do" attitude, a growth mindset, and is willing to pitch in beyond core responsibilities when needed. This is an in-office position, and working from the office is part of our WAB culture of collaboration and teamwork
Underwriting:
Collaborate with relationship managers, senior portfolio managers, and platform leaders to formulate loan structures
Determine repayment ability using historical performance, borrower projections, market research, appraisals, and other third-party reports
Under the guidance of team leaders, interact with borrowers, legal counsel, internal partners, and external vendors throughout underwriting process
Assist in completion of loan approval memos in accordance with underwriting guidelines
Perform site visits to assess subject collateral and market dynamics
Assist senior underwriters in loan document negotiations and loan closing tasks
Train and develop teammates
Portfolio Management:
Ensure financial reporting requirements are met and calculate covenant compliance
Process loan modifications, waivers, and consents
Complete quarterly review memos by analyzing micro and macroeconomic trends
Consistent interaction with borrower and relationship manager to meet client needs
Collaborate with teammates to share best practices
What you'll need:
Bachelor's Degree from a 4-year college or university degree, preferably in Finance or Accounting
Minimum 3 years hotel or commercial real estate underwriting experience
Exceptional credit knowledge, underwriting, and Excel skills
Advanced knowledge and training in financial statement and tax return analysis
Outstanding presentation, verbal, and written communication skills
Ability to work well with others in a collaborative environment
Excellent time management and multi-tasking skills
Ability to travel 2-3 days per month
Benefits you'll love:
We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
Western Alliance Bancorporation
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email recruiter@westernalliancebank.com or call (602) 797-3662.
Minimum Salary: 129955.00 Maximum Salary: 160148.00 Salary Unit: Yearly