Commercial Credit Underwriter l

VyStar Credit Union•Jacksonville, FL

1d•Onsite

About The Position

The Commercial Credit Underwriter I's primary function is to effectively underwrite, analyze, and assess the risks for proposed and funded member business credits. This role requires the incumbent to utilize their judgment, skills, and experience while analyzing business credit files, identifying financial trends, risks, and strengths/weaknesses. The incumbent must be highly knowledgeable regarding standard underwriting procedures, interpretation of financial data, appraisal reports, environmental assessment reports, and proficient in interpreting legal documents to minimize risk to VyStar and within the portfolio. Additionally, the incumbent must be knowledgeable of business lending State and Federal regulations, as well as VyStar’s policies and procedures, and apply this knowledge during their analysis of business credit requests and annual reviews to maintain compliance.

Requirements

BA/BS degree with an emphasis in Accounting, Business or Finance. Relevant work experience may be substituted on a 2:1 ratio in lieu of a BA/BS degree.
Minimum of four (4) years of experience in a business/commercial credit underwriting and analysis environment within a financial institution.
Proficient knowledge of business tax returns and business financial statements.
Proficient understanding of financial analysis including cash flow, profitability, liquidity, leverage, and solvency.
Proficient knowledge of standard underwriting theory.
Demonstrated ability to successfully structure complex credit requests that minimize risk while providing member value.
Basic understanding of generally accepted accounting practices.
Knowledge of State and NCUA regulations.
Excellent written and verbal communication skills.
Must be a highly motivated, detail oriented, able to multi-task and work effectively and efficiently in a fast-paced environment.
Must be able to successfully work independently with minimal supervision when required, as well as in a team environment.
Proficiency with Microsoft products including Word, Excel, PowerPoint and Outlook.

Responsibilities

Responsible for the review and independent, objective underwriting of business credits (Lines of credit up to $250,000, Equipment up to $500,000 and vehicles up to $500,000).
Possess a proficient understanding of all documentation submitted by borrower and/ or prepared by VyStar to determine risks involved and clearly communicate analysis to proper loan approval authority.
Assure credit quality is maintained throughout the business loan portfolio; this includes the maintenance of ticklers, reports, and forms.
Continued education regarding the current and future economic conditions of industries borrowing money from VyStar Credit Union.
Assemble pertinent information and reports for the Business Credit and Servicing Manager as required.
Identify and make recommendations for process improvements, increased efficiencies, and quality service to ensure timely loan decisions.
Maintain an ongoing knowledge of current regulatory, policy and procedure changes.
Perform to all established metrics, goals and standards as outlined by department management and in VyStar Policy and Procedure.
Perform annual loan reviews of existing portfolio to determine continued repayment capacity and potential risks.
Responsible for thorough review and analysis of all appraisal reports and environmental assessment reports with all findings being documented and reported to the loan approving authority.
Conduct annual field audits (collateral inspections) of existing portfolio to analyze collateral risk as required.
All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work.
To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates.
The Risk team serves as the second line of defense by providing risk oversight and credible challenge whereas the Audit team serves as the third line of defense by providing risk assurance.