Commercial Loan Underwriter Manager

Mechanics Bank•Seattle, WA

1d•Onsite

About The Position

Mechanics Bank is currently searching for a Commercial Loan Underwriter Manager to join our team. This role will be working on-site. Responsible for underwriting and risk analysis of credit requests within assigned business line. Performs independent, objective, and detailed financial and collateral analysis of credit requests. In collaboration with relationship manager, responsible for structuring transactions, developing credit recommendations, and loan portfolio monitoring including covenant compliance. Independently classifies loan performance and recommends risk rating. Completes and reviews credit applications as assigned. Performs annual reviews as required on all credit relationships. Notes significant trends and recommends policy changes if necessary. Collaborates with stakeholders on credit related matters to ensure expeditious processing and improve client experience. Within designated business lines and according to established policies and procedures, senior levels may be granted lending authority as assigned. Works on special projects requiring expert knowledge as required. Capable of leading team efforts, training, and assisting with workflow management as assigned. May manage managers with multiple direct reports. Carries out supervisory responsibilities in accordance with the Bank's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; managing and appraising performance; coaching and development; addressing complaints and resolving problems. May participate on client calls with relationship manager, within assigned business unit. Acts as additional signer on credit requests completed by underwriters, within designated business unit. Conducts detailed, independent financial and collateral analysis on credit requests. Evaluates business plans, projections, operating records, and financial statements. Evaluates all types of collateral in relation to feasibility of transaction, market/industry conditions and loan structure. Supports conclusions based on factual data. Effectively communicates information and analytical results to stakeholders. In collaboration with the relationship manager and underwriters, identify risks/mitigants of loan structure and participates in discussions with credit risk as required. Identifies risks associated with each loan and mitigations to risks. Generates and recommends risk ratings. Interprets and applies Bank policies, governmental regulations, and accounting theory. Prepares reports and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, and business forecasts. Performs industry research in various market areas to support transaction. Participates on client calls and/or client relationships with relationship managers as assigned. Performs all other job duties as assigned by supervisor. Responsible to work on the most complex credits requiring in-depth evaluation of complex business plans, projections, operating records, and financial statements. Assesses credit risk, and generates and recommends appropriate risk ratings. Performs annual reviews and prepares credit applications on the largest and most complex credits. Travel: 10-20%.

Requirements

4 Year Bachelor's Degree in Business, Accounting, Economics or related field preferred.
10 years minimum of Accounting or Financial Statement/lending experience required.
3 years minimum of leadership experience required.
Extensive expertise in detailed financial and collateral analysis of the most multifaceted, sophisticated, and complex credit requests.
Ability to structure, develop, and complete credit recommendations and financial modelling on the most complex loans.
Adept at utilizing financial software programs and other databases integral to compiling financial and collateral analysis spreads.
Must demonstrate excellent customer service skills with ability to communicate tactfully and listen attentively to the customer.
Possess good human relations, communications and business writing skills.
High level of accuracy and great attention to detail.
Strong analytical and problem solving skills.
Able to make and support sound decisions.
Possess effective time management and organizational skills.
Able to cope with pressure resulting from meeting required deadlines and reporting requirements.
Demonstrate teamwork in facilitating workflow.
High level of cooperation with others and responsive to the Bank’s needs.
Consistently demonstrate tact, discretion and good judgment.
Exhibit high degree of professionalism and confidentiality in handling and having access to sensitive information.
Able to work effectively without direct supervision.
Able to comprehend and interpret Bank policies and procedures.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

Nice To Haves

Additional experience may be considered in lieu of degree.
May manage managers with multiple direct reports.
May participate on client calls with relationship manager, within assigned business unit.
Acts as additional signer on credit requests completed by underwriters, within designated business unit.
Participates on client calls and/or client relationships with relationship managers as assigned.

Responsibilities

Underwriting and risk analysis of credit requests within assigned business line.
Performs independent, objective, and detailed financial and collateral analysis of credit requests.
Structuring transactions, developing credit recommendations, and loan portfolio monitoring including covenant compliance.
Independently classifies loan performance and recommends risk rating.
Completes and reviews credit applications as assigned.
Performs annual reviews as required on all credit relationships.
Notes significant trends and recommends policy changes if necessary.
Collaborates with stakeholders on credit related matters to ensure expeditious processing and improve client experience.
Works on special projects requiring expert knowledge as required.
Leading team efforts, training, and assisting with workflow management as assigned.
Carries out supervisory responsibilities in accordance with the Bank's policies and applicable laws.
Conducts detailed, independent financial and collateral analysis on credit requests.
Evaluates business plans, projections, operating records, and financial statements.
Evaluates all types of collateral in relation to feasibility of transaction, market/industry conditions and loan structure.
Supports conclusions based on factual data.
Effectively communicates information and analytical results to stakeholders.
Identifies risks/mitigants of loan structure and participates in discussions with credit risk as required.
Identifies risks associated with each loan and mitigations to risks.
Generates and recommends risk ratings.
Interprets and applies Bank policies, governmental regulations, and accounting theory.
Prepares reports and analyses in areas such as budgets, forecasts, financial plans, governmental requirements, statistical reports, cash flow projections, and business forecasts.
Performs industry research in various market areas to support transaction.
Participates on client calls and/or client relationships with relationship managers as assigned.
Performs all other job duties as assigned by supervisor.
Responsible to work on the most complex credits requiring in-depth evaluation of complex business plans, projections, operating records, and financial statements.
Assesses credit risk, and generates and recommends appropriate risk ratings.
Performs annual reviews and prepares credit applications on the largest and most complex credits.

Benefits

Medical, prescription, dental, and vision coverage for employees and their eligible family members
Employer paid Employee Assistance Program, Life Insurance, AD&D, and Disability benefits
Health Savings Account with employer contribution
Healthcare and Dependent Care Flexible Spending Accounts and Commuter/Parking Benefit
401(k) and Roth 401(k) with company contribution
529 Education Savings plan, Tuition Reimbursement Program and Student Loan Assistance Program
Supplemental Health plans, Voluntary Legal and Identity Theft Services
11 paid holidays, paid Sick days (accrual of one hour for every 30 hours worked), up to 25 paid vacation days, and 16 hours of paid volunteer time throughout the calendar year
Free personal checking and savings account
Discounted rates on primary residence loan with $0 origination fees (restrictions apply)