Commercial Underwriter III

Tri Counties Bank•Visalia, CA

5d•$91,000 - $125,000•Onsite

About The Position

The Commercial Underwriter III underwrites the most complex commercial credits in the Bank with minimal guidance or oversight. This role serves as a subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, the regional commercial real estate market, and working capital finance. The Commercial Underwriter III has a track record of appropriately utilizing credit approval authority to make sound credit recommendations on complex commercial credits in line with the Bank’s credit culture, policies and procedures. This role will serve as a team leader for the respective regional commercial underwriting group and in various departmental and bank wide projects. The Commercial Underwriter III must have the ability to train and mentor junior credit personnel and is an expert user of Bank systems, software, and third-party vendor platforms. This role also has the ability to perform primary relationship management or credit administrator functions in place of Relationship Managers and Commercial Loan Supervisors.

Requirements

High school diploma or GED required.
Three years’ experience in a small business/commercial lending environment.
Established knowledge of financial accounting theory and logic, loan structuring, commercial products and services.
A proven ability to interpret and discuss analytical data and make credit recommendations to Senior Management and/or Risk Management on strategic issues or initiatives.
Excellent organizational skills with efficient work demeanor that allows involvement in multiple areas.
Ability to utilize personal computers, and Windows-driven programs, with an emphasis on the Microsoft Office suite of applications, specifically Word and Excel.
Ability to complete a high volume of work efficiently and with accuracy.
Excellent verbal and written communication skills.
Seven years of experience.
Subject matter expert across a broad range of credit topics including financial statements and cash flow analysis, the regional commercial real estate market, and working capital finance.
Track record of appropriately utilizing credit approval authority to make sound credit recommendations on complex commercial credits in line with the Bank’s credit culture, policies and procedures.
Will serve as team leader for respective regional commercial underwriting group and in various departmental and bank wide projects.
Must have ability to train and mentor junior credit personnel.
Expert user of Bank systems, software, and third-party vendor platforms.
Ability to perform primary relationship management or credit administrator functions in place of Relationship Managers and Commercial Loan Supervisors.

Nice To Haves

Undergraduate degree in Finance, Business Administration or Accounting, or related work experience preferred.

Responsibilities

Analyzes commercial loan applications received by Relationship Managers to determine eligibility of request, providing prompt turnaround time. Confers with Relationship Managers to determine client needs and discuss options for borrowers. Requests any additional information needed to complete processing and periodically attends client meetings to provide credit expertise. Approves or declines commercial loan requests within assigned limits. Recommends credit approval requirements including the establishment of financial performance covenants, monitoring requirements, and other loan provisions and ensures accurate grading of new and existing credits based on analysis.
Coordinates the credit approval process, evaluates repayment, and mitigates risk.
Analyzes key factors such as industry, management, and economic trends.
Provides assistance and exceptional sales support to all sales staff in answering questions relating to commercial loans.
Assures the customer loan request is processed accurately and timely. Coordinates with appraisal department and escrow companies for secured loan products.
Orders business credit reports and personal credit reports on business principals.
Coordinates compliance, decline letter preparation and maintenance of adverse action database.
Maintains a log of maturing lines and coordinates renewal process to ensure that necessary information is received prior to line maturity.
Monitors past due loans for assigned portfolio(s) and recommends action to sales staff or contacts customers directly, as appropriate. Maintains a log of pending action or resolution for past due loans.
Assists Relationship Managers as needed in the preparation of Interim Credit Reports and Real Estate Update Memos.
Maintains a current understanding of Bank underwriting guidelines, procedures, policies and compliance issues. Maintains a working knowledge of regulatory requirements for documentation and regulations relating to commercial lending.
Maintains a current understanding of Bank policies and procedures in compliance with all federal and state laws, including but not limited to Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and any other applicable regulations that may be specific to your job duties.
Inputs application and financial information.
Performs Commercial Credit Officer duties in their absence as needed.
Performs other work-related duties as assigned.
Orders the preparation of loan documentation and reviews for completion.
May be asked to provide formal or informal training and support to various colleagues within the bank and across multiple job functions with regard to credit fundamentals, policy, and underwriting techniques and guidelines.
Assists Commercial Loan Supervisor in the development and completion of special projects, spreadsheets, graphs, and reports as assigned.