Commercial Underwriter

Job Description and Requirements

The Commercial Underwriter prepares detailed credit analysis on commercial credit requests to provide sufficient information to make sound credit decisions. Works closely with loan officers to prudently underwrite and structure commercial loans. Also responsible for credit decisions for loans within established credit authority.

Essential Functions and Responsibilities:

• Works closely with loan officers to structure and underwrite commercial loans ranging in size from $750,000 to $15,000,000+.

• Performs an impartial credit analysis and prepares credit memos for SBA 504 and 7a loans, commercial mortgages, lines of credit, term and equipment loans.

• In conjunction with loan officers, presents loans to loan committee and resolves questions and concerns raised during loan discussions.

• Discusses credit issues with members and prospective members to adequately complete loan presentations and annual loan reviews.

• Recommend or approve risk ratings for new credit applications.

• Spread borrower's financial statements and/or tax returns to provide support of the financial analysis of the borrower, when needed.

• Complete underwriting and presentation of credit memorandums for loan participations (purchases).

• May assist the Portfolio Management team in completing annual loan reviews.

• Serves as the go to source for questions related to Loan Policy and Procedures.

• All other duties as assigned (note: essential functions and responsibilities may change or new ones may be assigned at any time with or without notice).

Requirements:

• Bachelors degree in Accounting, Finance or Economics

• Minimum of one year previous work related experience

• Previous experience in financial analysis, credit analysis or financial modeling required

• Formal credit training and experience with loan origination software is preferred

• Proficient with Microsoft Office applications including Excel and other financial modeling software is preferred

All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status