Full-Time

Ultra Private Wealth Senior Underwriter

Posted on 4/5/2025

Raymond James Financial

Raymond James Financial

Provides financial services and investment planning

No salary listed

Senior, Expert

Florida, USA

Category
Insurance
Finance & Banking
Required Skills
Financial analysis
Data Analysis
Connection
Connection
Connection
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Requirements
  • 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.
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.
Desired Qualifications
  • Prior credit authority delegation preferred.
  • Commercial credit experience preferred.
  • Completion of formal credit training preferred.
Raymond James Financial

Raymond James Financial

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Raymond James Financial provides a range of financial services, including investment and financial planning, capital markets, and asset management, to individuals, corporations, and municipalities. The company operates through its subsidiaries and has around 8,700 financial advisors across the United States, Canada, and other locations. Their services help clients manage and grow their assets, with a total of $1.26 trillion in client assets as of October 2023. What sets Raymond James apart from its competitors is its strong emphasis on community support and corporate philanthropy, along with high rankings in customer service and workplace satisfaction. The company's goal is to deliver exceptional financial services while positively impacting the communities they serve.

Company Size

N/A

Company Stage

IPO

Headquarters

Saint Petersburg, Florida

Founded

1962

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased focus on sustainable investing aligns with Raymond James' ESG integration.
  • Hybrid work models drive investment in digital infrastructure, enhancing client interactions.
  • Robo-advisors and AI tools offer personalized advice, improving efficiency and cost-effectiveness.

What critics are saying

  • Competition from fintechs may erode Raymond James' market share.
  • Rise of 'finfluencers' could divert clients from traditional advisory services.
  • Low interest rates globally may impact profitability of Raymond James' investment products.

What makes Raymond James Financial unique

  • Raymond James offers in-house recruiting to support independent advisors' growth.
  • The firm actively invests in diverse sectors, including shipping and pharmaceuticals.
  • Raymond James integrates ESG criteria into investment strategies for responsible investing.

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Benefits

Hybrid Work Options

Professional Development Budget

Company News

ETF Daily News
May 3rd, 2025
Raymond James Financial Inc. Makes New Investment in Invesco Global Short Term High Yield Bond ETF (NYSEARCA:PGHY)

Raymond James Financial Inc. purchased a new stake in Invesco Global Short Term High Yield Bond ETF (NYSEARCA:PGHY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.

InvestmentNews
May 2nd, 2025
Raymond James gives its indie advisors a helping hand in recruitment

This week, Raymond James announced it is introducing a new in-house recruiting service aimed at helping its independent advisors expand their teams and manage growth demands more effectively.

ETF Daily News
May 2nd, 2025
Raymond James Financial Inc. Makes New Investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Raymond James Financial Inc. makes new investment in ZIM Integrated Shipping Services Ltd. (NYSE:ZIM).

ETF Daily News
May 2nd, 2025
Raymond James Financial Inc. Invests $1.67 Million in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL)

Raymond James Financial Inc. purchased a new stake in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL - Free Report) in the 4th quarter, HoldingsChannel reports.

Forbes
May 1st, 2025
Where Are You Getting Your Financial Advice?

The difference between finfluencers and a Certified Financial Planner® professional is that finfluencers are salespeople. gettyIf it’s from TV, podcasts, and social media, it’s time to reevaluateThe other day, I happened across a financial radio show while driving home from work. The caller was a young, intelligent woman who was trying to get out from under a crushing amount of debt that she and her husband had accumulated.The host asked if she’d completely lost her mind, then berated her for getting into such a situation and told her she deserved to be scared.This really upset me. Professional financial advisors would never respond this way. But hosts like this can get away with it because the people they’re advising won’t show up in their office next week. They don’t have the day-to-day responsibility for their financial success

INACTIVE