Commercial Underwriter I
About The Position
The commercial underwriter/credit analyst I will perform a variety of duties to support the commercial lenders, board loan committee and board of directors in the determination of the customer’s credit worthiness. This role involves analyzing current credit data and financial statements of individuals and/or firms to determine the degree of risk involved in extending credit or lending money. The underwriter will prepare reports with this credit information for use in decision-making, covering both existing and new relationships, as well as commercial and real estate loans. The position ensures compliance with loan policy and bank regulations and is responsible for the accuracy of the credit underwriting packages.
Requirements
- Bachelor degree in Finance or related field of study.
- Knowledge of Bank’s loan policy.
- Strong computer skills required.
- Must possess excellent verbal and written interpersonal skills.
- Ability to use logic and reasoning to identify strengths and weaknesses.
- Ability to work independently and within a team.
- Ability to perform multi tasks and meet deadlines.
- Reliable, accurate and detailed.
- Ability to work small office equipment.
Nice To Haves
- At least 12 hours of college accounting coursework preferred.
- Ability to assume responsibility and accountability for decision making preferred.
Responsibilities
- Ensures applications are accurate and complete.
- Analyze credit data and financial statements to determine the degree of risk involved in extending credit or lending money.
- Generate financial ratios, using computer programs, to evaluate customers’ financial status.
- Prepare reports that include the degree of risk involved in extending credit or lending money.
- Complete credit analyses and summaries of loan requests, and submit to the commercial lender.
- Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
- Investigate variances on applicant’s financial statements by requesting information from sources, researching development within the industry.
- Responsible for reviewing the credit underwriting packages for accuracy.
- Performs other duties and special projects as needed.
- Trains and backs-up others as needed.
- Other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
251-500 employees
