Commercial Loans Underwriter

Mechanics Bank • Seattle, WA

2d • Onsite

About The Position

Mechanics Bank is currently searching for a Commercial Loans Underwriter to join our team. Here at Mechanics Bank, we value connection, partnership, long term relationships and working together in person. This person will be working on-site in Seattle, Washington. The Commercial Loans Underwriter is 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 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. Individual authority may be granted based on experience and lending group and/or product type.

Requirements

• Undergraduate degree in Business, Accounting, Economics or related field preferred, with 3-5 years related accounting or financial statement analysis/lending experience; OR an equivalent combination of education and experience required.
• Expertise in detailed financial and collateral analysis of complex and sophisticated credit requests required.
• Minimum of 3 years of experience in accounting or financial statement analysis/lending experience required.
• The employee is responsible for carrying out programs or functions within the scope of established goals and objectives.
• Judgment is exercised in interpreting practices and procedures and resolving most work problems.
• The employee has broader responsibility for planning, coordinating and organizing his/her own work.
• Work is reviewed on a results basis.
• Proficient with: MS Word MS Excel MS Outlook Internet
• 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.
• Must be able to travel throughout bank’s footprint to perform required duties (less than 25%)
• Good knowledge and understanding of credit principles and lending, including industrial, commercial, real estate, and/or term loans as applicable.
• LANGUAGE SKILLS: Ability to read, analyze, and interpret general business periodicals, professional journals, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively Communicates all matters of importance to colleagues, team members and clients
• MATHEMATICAL SKILLS AND REASONING ABILITY: Ability to calculate figures and amounts such as interest, commissions, proportions, and percentages.
• Ability to interpret a variety of instructions furnished in written, oral, or schedule form.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.

Responsibilities

• 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 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 complex credits requiring the evaluation of complex business plans, projections, operating records, and financial statements.
• Performs annual reviews on large and/or complex credits, assesses credit risks, and generates and recommends appropriate risk ratings.
• Prepares complex credit applications.
• May review work of less experienced analysts prior to submission, provide technical guidance and workflow assistance.
• May participate on client calls with relationship manager, within assigned business unit.
• May act as additional signer on credit requests completed by less experienced analysts, within designated business unit.
• Underwriter will independently structure, develop, and complete credit recommendations and financial modelling on complex loans.

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)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees