Commercial Underwriter

Carter Bank•Charlotte, NC

56d

About The Position

The Commercial Underwriter underwrites medium to complex commercial relationships mainly in the area of Commercial & Industrial and Investment Real Estate relationships in excess of $1 million. The Commercial Underwriter is responsible for completing spreads and financial analysis, understanding and identifying policy and guideline exceptions, evaluating the repayment capacity of the borrower and understanding basic loan structure and documentation in order to evaluate terms and conditions of loan proposals. This position works directly with lending professionals such as our Commercial Lenders, Commercial Regional Executives and Regional Credit Executives. The Commercial Underwriter may be asked to supplement analysis and discussion at the bank's loan committee. Analysis includes, but is not limited to, the financial condition of the borrower, likelihood of achieving projections, relevant market and industry data, evaluation of repayment capacity, and complex individual tax returns. The Commercial Underwriter also interacts with a variety of external professionals and represents the bank in interactions with bank clients and other professionals, including client-facing responsibilities.

Requirements

Bachelor's degree in Finance or Accounting and/or Economics with sufficient credits in Accounting
Demonstrates an understanding of credit management, credit operations, and commercial lending
Demonstrates a basic understanding of commercial loan structure and documentation
Prior experience in credit analysis or financial analysis
Excellent customer service skills
Excellent business writing skills
Strong verbal and written communication skills
Excellent interpersonal skills
High level of attention to detail, with strong problem solving & organizational skills
Ability to perform effectively in fast-paced environment, multi-task and prioritize workflow
Working Knowledge of Microsoft Office, especially Word, Excel
Working knowledge of loan accounting systems and financial statement spreading systems preferred
Standing, walking, bending and stooping required
Must be able to sit at a desk for long periods of time and use a computer
Must be able to occasionally move or lift up to 10 pounds
May be asked to work supplemental hours periodically
Limited travel required occasionally during and after business hours

Responsibilities

Works independently on moderate to complex financial analysis with minimal guidance from members of the credit leadership team and other Commercial Underwriters
Underwrites commercial loan relationships within established service levels
Independently constructs financial models and performs financial analysis, including but not limited to, repayment capacity, discounted cash flows, and enterprise valuation
Identifies underwriting policy and guideline exceptions using working knowledge of established policies and procedures
Maintains working knowledge of best practice and regulatory issues
Assists in the preparation of Industry Studies as assigned that include, but are not limited to, i) a review of the regional and national markets, ii) analysis of the performance of the bank's portfolio, iii) analysis of the financial stability of the industry and key risks, iv) recommendation to senior and executive management regarding segment limits which ultimately are presented to the bank's board of directors for approval
May be asked to participate in internal or cross-functional process improvement projects and other management reports
May be asked to participate in or lead the validation of various reports and industry information
Authors annual reviews of assigned relationships with minimal supervision
Assists with industry research as assigned