Business Banking Underwriter III

NBT Bancorp•Albany, NY

10h•Onsite

About The Position

Within a loan production environment, this role adjudicates new, renewal, and modification loan applications, typically for larger, more complex relationships, loan structures, and industry-specific lending. The underwriter accurately and thoroughly communicates loan decisions to internal personnel and, if applicable, conditions of approval. This position is responsible for maintaining acceptable credit quality metrics within the underwriter's individual portfolio and assisting with reporting and monitoring requirements as needed. Additionally, the underwriter assists management with various department-related requirements, including Asset Quality, Loan Reviews, Audits, and policy and procedures.

Requirements

BS in Business Administration, Accounting, or Finance preferred
MBA desirable
5 - 10 years previous commercial or business lending experience is required
Understanding of governmental credit supports available to business loans (SBA programs) is required
Strong working knowledge of financial statements, tax returns, and credit reports
Intermediate accounting knowledge with knowledge of various business structures with the ability to analyze financial statements and tax returns
Proven ability to make challenging loan decisions with limited information
Proficiency in windows based computer environment
Aptitude to quickly develop a working knowledge of the Bank’s policy and procedures, products, accounting systems, and loan origination system
Strong mathematical skills
Self motivated with strong communication, negotiation, organizational and interpersonal skills
Ability to work under critical time constraints while maintaining quality
Ability to build and maintain positive professional relationship with internal and external partners.
Ability to mentor team members.
Knowledge of all application regulations and guidelines.
The incumbent will be an individual contributor who will be making lending decisions and is expected to make prudent decisions balancing growth and the safety of the bank’s assets.
Appropriate financial skills and lending experience are necessary.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.

Responsibilities

Adjudicate customer credit requests in accordance to bank policy and procedure, as well as all applicable regulations, within individual authority.
Analyze each applicant's cash flow, overall financial condition, credit history, and other credit criteria.
Apply analyzed information, in conjunction with the bank's policy and procedures, to make appropriate decisions within individual lending authority.
Make decisions in a timely manner that supports the bank's ability to deliver superior customer service within agreed upon service level agreements.
Analyze loan requests above individual lending authority and make recommendations to present to senior underwriters for decision and approval.
Assist management with various department related requirements including Asset Quality, Loan Reviews, Audits, policy and procedures, etc.
Serve as a resource to internal partners in all areas of BB, including policy, procedures, loan structure, etc.
Participate in outreach activities, such as developing and presenting field training.
Review, analyze and adjudicate loan requests presented by junior underwriters, offer guidance, and make decisions when appropriate.
May be responsible for Quality Assurance reviews.
Assist as a back up in absence of Underwriting Manager.
Other duties as assigned.
Recognize and take advantage of opportunities to obtain additional business.
Communicate effectively with internal and/or external customers.

Benefits

Generous Paid Time Off : At least 22 days annually, prorated in the year of hire.
Parental Leave : Six weeks of paid leave at 100% of your salary.
Comprehensive Medical Coverage : Includes employer contributions to HSA for High Deductible Health Plan participants.
Dental and Vision Coverage : Ensuring your overall health and well-being.
Flexible Spending Accounts : For healthcare and dependent care expenses.
Employer-Paid Disability Coverage : Both short-term and long-term, with an option to purchase additional long-term coverage.
Life Insurance : Employer-paid basic life insurance, with an option to purchase supplemental coverage.
Voluntary Benefits : Including hospital, accident, and critical illness coverage.
Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future.
Adoption Assistance : Supporting your growing family.
Tuition Reimbursement : Invest in your education and career growth.
Employee Assistance Program (EAP) : Access to support and resources.
Pet Insurance : For all your furry friends.
Financial and Banking Services : Various banking services benefits and financial planning assistance.
Paid Sick and Safe Leave : For your health and safety.