Commercial Real Estate Credit Underwriter

Centier Bank•Merrillville, IN

About The Position

Underwriter’s should display independent thought to present data, conclusions and recommendations taking into account the boundaries of regulations, policies, and guidelines. Collect and analyze financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for borrower relationship typically at $1 million and up. Prepare 10-25 page written presentations for new commercial loans and renewals. Presentations include identification of strengths and weaknesses, an appropriate risk grade and recommendation regarding the loan decision. Approval will come from SVP’s of Business Banking, Loan Committee, or Executive Management depending on the size of relationship Conduct reviews of covenant compliance and periodic financial statements identifying potential weaknesses. Will need to interact with lenders (and customers on occasion) to evaluate credit worthiness of new customers and potential deterioration of existing borrowers. Participation in meetings with Business Bankers, and SVP’s regarding commercial loans. Think independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure. Take ownership for the bank’s commercial loan portfolio to prevent, matured delinquency, payment delinquency, collateral shortfalls, and/or loan charge-offs. The Underwriter II will be expected to prepare analyses for commercial loan relationships of $1 million and up. They will also monitor existing loans through financial reviews and covenant testing. Underwriter II will make recommendations about approval decisions and loan risk ratings.

Requirements

Adept at time management to meet strict deadlines and respond to high urgency requests from Management and/or Loan Officers
Ability to think critically and express conclusions in writing and verbally
Aptitude for quantitative analysis working with numerous variables, spreadsheets with large amounts of data, identifying/summarizing patterns and trends
Must be a quick study for new tasks, procedures, software/technology as well as conceptual philosophy behind a diverse set of tasks related to risk management of commercial loans.
Strong organizational skill sets
Strong attention to detail
Working knowledge of Microsoft Office and financial worksheets/spreads
Must possess working knowledge of basic underwriting principles for Commercial & Industrial Loans or Commercial Real Estate Loans.
Bachelor’s Degree with significant accomplishment in finance and accounting or commensurate experience and training in credit analysis for commercial loans.
Minimum of 2-3 years of commercial credit experience (or credit skills that are commensurate)
Prior completion of formal credit training either through ABA, RMA, or formal internal bank training program.

Nice To Haves

Some travel required

Responsibilities

Collect and analyze financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for borrower relationship typically at $1 million and up.
Prepare 10-25 page written presentations for new commercial loans and renewals, including identification of strengths and weaknesses, an appropriate risk grade and recommendation regarding the loan decision.
Conduct reviews of covenant compliance and periodic financial statements identifying potential weaknesses.
Interact with lenders (and customers on occasion) to evaluate credit worthiness of new customers and potential deterioration of existing borrowers.
Participate in meetings with Business Bankers, and SVP’s regarding commercial loans.
Think independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure.
Take ownership for the bank’s commercial loan portfolio to prevent, matured delinquency, payment delinquency, collateral shortfalls, and/or loan charge-offs.
Prepare analyses for commercial loan relationships of $1 million and up.
Monitor existing loans through financial reviews and covenant testing.
Make recommendations about approval decisions and loan risk ratings.