Commercial Underwriter

Overview

Reports to : Credit Administration Manager

Functions Supervised : None

Primary Functions : Responsible for providing an independent comprehensive written evaluation of commercial loans and relationships.

This position will also assist in the preparation of annual reviews.

Duties and Responsibilities :

Evaluates financial statements and prepares independent written credit evaluations. Reports will include a comprehensive evaluation of businesses and commercial real estate and will be used by management in approving credit requests.

Reports should adequately summarize the important aspects of the business including a detailed financial analysis, management competencies, collateral evaluation, and guarantor support.

Analyses will identify the key strengths and weaknesses for that particular credit request. Analyses may also include an evaluation of the borrowers industry and the borrowers position within the industry.

• Makes recommendations to Commercial Loan Officers and Credit Approvers regarding credit structure and policy compliance.
• Makes recommendations regarding credit risk rating of commercial accounts and assesses collateral quality and values.
• Completes corporate and personal financial statement spreading in the designated system. Completes global cash flows when appropriate.
• Effectively partners with Credit Administration to improve efficiencies of operation, minimize risk, and expand sales opportunities.
• Work collaboratively with sales team to achieve commercial credit objectives, goals and provide outstanding member service.
• Conduct annual credit reviews on relationships analyzing and documenting risks, strengths and weaknesses.
• Develop a solid understanding of the Statement Spreading software.
• Maintain in-depth knowledge of NCUA regulations and credit union policies and procedures as they relate to commercial lending.
• Provides underwriting support for the SBA loan program as needed.
• Perform other duties as assigned.

Qualifications

Education : Bachelor's degree in Business Administration or related field.

Creditable Experience in Lieu of Education : Minimum of 2 years direct business / commercial lending, underwriting or portfolio management experience within a financial services organization.

Experience / Skills : Solid understanding of accounting, financial statement analysis, interest calculations and loan documentation.

Additional experience spreading financial statements, performing ratio analysis and the ability to formulate an independent credit view is desired.

Must also demonstrate strong organizational and communication skills, along with solid analytical and computer skills to include Excel, Word, Outlook and Statement Analyzer or other equivalent financial statement spreading software.

Tenure : Senior Commercial Underwriter, Category 07, requires 3 years tenure in the Commercial Underwriter position with performance that meets or exceeds expectations and a promotion recommendation by the supervisor or manager.

Directly related work experience and / or accelerated training completion may be substituted for tenure.

Compensation

Commercial Underwriter (Category 08)

Salary Pay Range : $72,717 - $119,983 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.

In accordance with our Salary Administration policy, new hire base salaries generally fall within the minimum to midpoint of the listed range.

Benefits

• Short-term and long-term incentives
• Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
• 401(k) plan with a 5% match
• Employee Assistance Program (EAP)
• Life and disability coverage
• Voluntary cash benefits for accident, hospitalization and critical illness
• Tuition Reimbursement
• Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
2 days ago