Search jobs > Schaumburg, IL > Underwriter

Credit Underwriter- IF

Huntington National Bank
Schaumburg, IL
Full-time

Description

Summary :

Credit Underwriter - IF is responsible for analyzing and monitoring credit worthiness of assigned customers / accounts and recommending and / or approving credit within established guidelines.

Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible for financing.

Duties and Responsibilities :

Underwrite high quality credit narratives in support of new and existing loans. Review and analyze various transactions.

Includes review and analysis of applications, financial statements, balance sheets, D&B reports, etc.

  • Spreading business financial statements and tax returns using Moody's software to analyze multi-year trends and ratios from financial information.
  • Understand cash flow from operations, which includes identifying recurring and non-recurring sources of cash flow.
  • Research industry trends and risks.
  • Perform collateral analysis including accounts receivable, inventory, real estate and investments.
  • Run credit reports and gather / analyze KYC information.
  • Spread personal financial statements and tax returns for individual guarantors, develop borrower and guarantor global cash flow analysis.
  • Work with other areas to monitor delinquency, delinquency trends and repossession activity.
  • Conduct annual financial statement follow-up to borrowers and track and monitor the receipt by the Bank of this information.
  • Prepare written recommendation as to whether the proposed loan should be approved as presented, and provide alternate loan structure recommendations.
  • Present to loan committee for loan approvals. Communicate decisions.
  • Perform other duties as assigned.

Basic Qualifications :

  • Bachelor’s degree in Finance, Accounting, Business or related field
  • 2+ years wholesale / commercial credit underwriting experience and prior credit approval authority.

Preferred Qualifications :

  • Detail oriented with the ability to analyze cash flow, leverage and gauge customer strength.
  • Experience in lending to a wide variety of industries, loan types, and sizes of companies being preferred
  • Strong written / verbal communication and presentation skills.
  • Demonstrated ability to make sound business judgments while protecting the interests of the bank.
  • Strong technical skills.

Exempt Status : (Yes not eligible for overtime pay) ( No eligible for overtime pay)

Workplace Type : Hybrid

Hybrid

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

Tobacco-Free Hiring Practice : Visit Huntington's Career Web Site for more details.

Agency Statement : Huntington does not accept solicitation from Third Party Recruiters for any position

30+ days ago
Related jobs
Huntington National Bank
Schaumburg, Illinois

Credit Underwriter - IF is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a...

Huntington National Bank
Schaumburg, Illinois

IF is responsible for analyzing and monitoring credit worthiness of assigned customers/accounts and recommending and/or approving credit within established guidelines. Includes analyzing financial statements and completing ratio and trend analysis of statements to determine if a customer is eligible...

Promoted
TDK Corporation of America
Lincolnshire, Illinois

Sr Credit Analyst/Accounting Assistant. Identify and manage credit risk by recognizing when additional credit analysis is necessary, raising the request with AR. Review and analyze various accounts receivable reports including aging, unapplied cash, short pay, and open credit request status reports....

Promoted
Resource 1, Inc.
Oak Brook, Illinois

Resource 1 is in need of a Business Analyst for a long-term position for our healthcare client in the Chicago suburbs. Will be responsible for delivering quality software products to customers by understanding product strategy, customer needs, developing detailed business requirements and supporting...

Mutual of Omaha Mortgage
Schaumburg, Illinois

We will donate $125 to veteran and active duty charities for every participating loan that we close Complete benefits package including Medical, Dental, Life Insurance, Vision, 401k match Incentive plans, competitions, company paid trips and contests Continuous on-going training and internal growth ...

Mutual of Omaha
St. Charles, Illinois

The role is primarily responsible, under intermittent supervision, for fostering quality relationships with realtors and borrowers while completing the origination processing of loan applications, providing loan disclosures, and reviewing files for completeness, accuracy, and adherence to all guidel...

Lithia & Driveway
Remote, IL, US
Remote

The DFC Credit Analyst I reports to a DFC Credit Supervisor. The DFC Credit Analyst I will be responsible for ensuring efficient and timely processing of customer loan applications submitted to the company. Conduct risk assessment based on customer borrowing history, credit rating, industry experien...

Disability Solutions
Elgin, Illinois

Monitor the expedient processing of loan applications through regular contact with loan processors and conduct regular pipeline management. As a Residential Loan Officer, you will:. Responsible for the origination of regulatory compliant residential loan applications and for developing client referr...

BritePros Medical Staffing
Schaumburg, Illinois

The position is responsible for overseeing the day-to-day processing workflow of the commercial loan processing department to assist lending officers, loan assistants, and frontline retail staff with document preparation for commercial and consumer loans. Five or more years of commercial loan proces...

PNC
Mount Prospect, Illinois

Loan Origination – Knowledge of the skills, methods and technologies used to process new loan applications; ability to perform loan origination activities while adhering to established policies and procedures. As a( Mortgage Loan Officer within PNC's retail mortgage organization, you will be based i...