Commercial Underwriter/Credit Analyst - Chicago

The Federal Savings Bank•Chicago, IL

1d•Hybrid

About The Position

The Federal Savings Bank, a national bank specializing in mortgage lending, is hiring an experienced Commercial Credit Operations Specialist to join our team based in our Chicago, IL corporate headquarters. This position is based in the Logan Square neighborhood in Chicago, IL and requires the ability to work a hybrid schedule (3 days/week in office). Qualified candidates should reside a commutable distance at the time of application.

Requirements

Bachelor's degree in Accounting or Finance preferred
2-3 years' experience related experience in commercial credit operations
Fiserv Cleartouch software experience strongly preferred
Encompass LOS experience strongly preferred
Proficiency in Microsoft Office, particularly in Excel
Demonstrate professionalism when responding to deadlines and matters of urgency
Creative problem-solver
Autonomous and internally motivated
Must be resourceful in utilizing tools and information available
Ability to thrive in minutiae/highly attentive to details
Communicate with ease and professionalism with high levels of leadership
Favorable credit and background required

Responsibilities

Provide insight to the Sales team on Commercial loan products and requirements
Provide guidance on loan structuring and approval process to Mortgage Bankers
Lead initiatives to implement process, procedure, and technology solutions to improve workflow, tracking and adherence to compliance.
Underwrite Commercial loans including preparation of CAF/CAM and present to Credit Committee (consisting of Chairman of the Board, President, and outside Director)
Collaborate with the closing team on approved loans to ensure terms are met
Request and track financial statements
Prepare annual reviews using financial statements
Assist in audits
Prepare assigned portions of monthly Credit Book
Complete BSA Loan Due Diligence Form in Encompass
Review loans boarded to Cleartouch and alert to any errors.
Track all Commercial loans 60+ days delinquent, contact borrower, and collect past due amounts
Prepare workout plan (foreclosure, modification, extension, etc.)
Prepare Watchlist report as needed
Prepare Default letter in conjunction with attorney
Manage foreclosure/bankruptcy process with the goal of resolving the default as quickly as possible
Obtain updated appraisals
Arrange listing of property with sales agent and monitor for appropriate market awareness
Provide regular updates to management on progress or issues that arise
Discuss activity in the Monthly Watchlist Report with management