Business Banking Underwriter I

M&T Bank • Wilmington, DE

94d • $23 - $38 • Hybrid

About The Position

The Business Banking Underwriter I position involves evaluating commercial loan and lease applications primarily received through the branch network channel. The role focuses on adjudicating new credit requests of $25,000 or less in accordance with designated approval authority, as well as group credits and renewals up to $100,000. Responsibilities include preparing credit analysis for commercial loan applications, entering credit applications into the credit system for underwriter review, conducting credit investigations, and preparing loan packages for underwriters and SBA officers for more complex and/or non-routine deals.

Requirements

• Bachelor's degree in Business Administration and one year of commercial or business banking underwriting or related credit processing experience.
• In lieu of a degree, a combined minimum of 5 years higher education and/or work experience including one year of commercial or business banking underwriting or related credit processing experience.

Nice To Haves

• Working knowledge of financial statements, tax returns, and credit reports.
• Knowledge of Microsoft Excel and Word.
• Self-motivated, well organized, and positive demeanor.
• Strong verbal and written communication skills.
• Attractive negotiation skills.
• Ability to work under critical time constraints.
• Ability to function professionally at many different levels (clients, management, peers, etc).
• Consistently maintain a high level of professionalism and service.

Responsibilities

• Evaluate commercial loan/lease applications received primarily through branch network channel.
• Adjudicate new credit requests of $25,000 or less and group credits/renewals up to $100,000.
• Prepare credit analysis for commercial loan applications.
• Enter credit applications into the credit system for underwriter review.
• Conduct credit investigations and prepare loan packages for underwriters and SBA officers.
• Evaluate each loan applicant's financial condition, cash flow, and credit history.
• Initiate and process credit requests in the credit system for underwriters.
• Interact with loan underwriters, bank office managers, various SBA personnel, and external customers.
• Research M&T Bank systems for the status of loan and deposit accounts.
• Review proposed loan packages for SBA eligibility following SBA program guidelines.
• Understand and adhere to the Company's risk and regulatory standards.
• Identify risk-related issues needing escalation to management.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards and implement audit points.

Benefits

• Competitive pay range of $23.04 - $38.40 Hourly (USD).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree