Business Banking Underwriter

Eastern Bank Lynn , MA 01902

Posted 7 months ago

When you join Eastern Bank, you join the largest and oldest mutual bank in the country. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.

As the fourth-largest full-service commercial bank in Greater Boston, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.

As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.

Responsibilities include, but are not limited to the following:

This role will underwrites all types of Business Loans and is responsible for recommending the disposition for all loans over their lending authority. The position will require sound decisions related to the appropriate loan structuring and underwriting criteria as defined by Bank Loan Policy. Position interacts with all departments of the Bank. This position requires the ability to make prudent credit decisions relative to the preservation of any and all credit enhancements available to minimize commercial loss exposure to the Bank . The impact relative to these decisions made within this authority have a direct relationship to the the institution's overall credit quality and profitability.

Major responsibilities consist of the following:

  • Responsible for reviewing all loan applications loaded into nCino loan underwriting system. This includes reviewing the financial information and collateral valuations to evaluate borrower's ability to perform as presented in loan package. This entails loan structuring to include all available credit enhancements such as SBA. Knowledge of SBA SOP and underwiritng and documentation requirements are required.

  • Responsible for updating the nCino system with all the necessary information on each credit to properly maintain the database and create reports and approval documents.

  • Responsible for drafting Terms and Conditions memo and Commitment letters.

  • Responsible for the maintenance of all information on each application in an organized manner, while the loan is being underwritten.

Education and Experience:

  • Minimum of BA/ BS Degree in Business, Accounting, Finance with related credit skills.

  • MBA Preferred.

  • At least three-five years of underwriting or comparable experience

Skills/Knowledge:

  • Strong knowledge/experience in loan underwriting

  • Must Posess knowledge of SBA SOP 50-10

  • Knowledge of the loan operations requirements and procedures

  • Knowledge of Metavante

  • Strong interpersonal skills

  • Knowledge of Word and Excel

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Business Banking Underwriter

Eastern Bank