Commercial Underwriter

Seacoast Bank•, FL

About The Position

Commercial Underwriters support revenue growth and asset quality in commercial lending by participating in new client relationship development, working as part of the lending partnership, monitoring existing relationships, and managing credit risk. They assess and recommend commercial loan applications, help ensure loans are well-structured and quality assets, and manage commercial loan portfolios. The role requires strong analytical skills, an advanced understanding of business finance, and extensive knowledge to develop solutions that meet customer needs. The position analyzes borrower and guarantor financial condition, repayment ability, credit sources, industries, markets, and collateral. It prepares detailed financial analyses and credit memoranda, evaluates risks and repayment sources, and advises on credit policy and risk appetite. Underwriters handle a range of loan types, including complex borrowers, collaborate with Commercial Bankers on loan structure, support accurate loan documentation and timely closings, and monitor portfolios for compliance, developing risks, and potential losses. They also assist Special Assets with problem loans and remain current on relevant market, industry, regulatory, and analytical developments. Associates are expected to comply with Seacoast Bank's Code of Conduct and applicable legal, ethical, regulatory, and bank risk-mitigation requirements, including required annual training.

Requirements

Minimum of ten years of relevant experience in commercial credit analysis, commercial lending, loan structuring, finance, underwriting, and portfolio management, or equivalent.
Ability to develop and sustain analytical and risk-management skills while participating in complex transactions.
Ability to apply sound judgment to analytical conclusions concerning credit approval, loan structure, and management recommendations.
Familiarity with various industries and commercial property types.
Experience evaluating economic and market conditions in the markets or lines of business served.
Experience analyzing collateral and collateral valuation.
Knowledge of commercial lending policies, procedures, and operations, including originations, underwriting, documentation, and credit risk analysis.
Competence may be demonstrated through work experience, training, military experience, education, or a combination of these.

Nice To Haves

Bachelor's degree (BS or BA) or higher from an accredited four-year institution, preferably with a major in finance, accounting, or business.
Formal commercial credit training.

Responsibilities

Analyze financial information for existing and prospective customers to assess borrower and guarantor financial condition and repayment ability for loan requests, periodic or annual reviews, covenant tests, and loan modifications.
Investigate available credit and financial information, including reporting services, credit bureaus, and trade references; understand customer markets and industries; assess pledged collateral; and meet or speak with borrowers and accountants.
Prepare and present financial information, industry data, economic influences, and market information; analyze trends, ratios, and cash flow; and prepare accurate, insightful credit memoranda that identify risks, analyze repayment sources, cite policy exceptions, and evaluate collateral.
Develop subject matter expertise and maintain a thorough understanding of credit culture and loan policy to advise on risk appetite, policy adherence, and exceptions.
Underwrite all loan types, including complex borrowers, with little to no direction, and negotiate loan structure with Commercial Bankers.
Ensure loan agreements are complete and accurate according to approvals, and support timely loan closing and funding.
Manage loan portfolios for conformity with approved terms and loan documents; monitor risk profiles, borrower compliance, required documentation, loan payments, covenant compliance, and periodic borrower reviews; identify developing weaknesses and trends to reduce exposure, credit risk, delinquency, and loss.
Assist the Special Assets Department with problem-loan management, Watch Loan plan execution, non-accrual administration, and charge-off minimization.
Remain current on market and industry issues, trends, regulatory pronouncements, and analytical techniques.
Apply time-management and organizational skills.
Assist other Underwriters with overflow coverage.
Adhere to Seacoast Bank's Code of Conduct and applicable legal, ethical, regulatory, and bank risk-mitigation requirements, including timely completion of required annual training.