Credit Underwriting Specialist

Southern Bank and Trust • Wilson, NC

2d

About The Position

Supports the bank’s lending activity by providing financial spread reports and quality control reviews of credit applications for consumer and small business customer and prospect applications.

Requirements

• Ability to understand accounting practices used in the preparation of personal and business financial statements, and tax returns, to include those of non-profit organizations.
• Ability to understand appropriate cash flow structuring and key financial ratio calculations for all borrower types.
• Strong understanding of business entity legal structures.
• A thorough knowledge of Southern Bank’s lending policies.
• Knowledge of applicable lending laws and regulations.
• Ability to handle sensitive customer information.
• Strong oral and written communication skills. Ability to effectively communicate with associates with varying experience levels and responsibilities.
• Excellent computer skills using related software i.e. Word, Excel and other bank proprietary software.
• Ability to work independently with little supervision
• Ability to effectively prioritize and organize workflow, working under pressure and tight deadlines.
• Strong attention to detail.
• Bachelor’s degree in business or a related field with a minimum of 6 hours of accounting courses.
• Minimum of two years of experience spreading financials and/or analysis, or originating and/or underwriting business and consumer loans.

Responsibilities

• Manage the bank’s consumer and small business credit application queue to ensure timely and accurate processing of applications.
• Provide quality control reviews to ensure accuracy and completeness of applications prior to submission to credit officer for decisioning.
• Communicate with bank’s lenders and support staff to request additional information needed to complete and/or correct submitted application in accordance with bank guidelines.
• Receive, evaluate and input appropriate financial statement data into bank’s spreading software when required.
• Interpret and understand personal and business financial data found in financial statements, credit reports, tax returns, accounting and tax changes and notes to financial statements in order to appropriately transfer information in to the spreading software.
• Review and correctly identify income sources and related debts determined by the bank’s underwriting guidelines to consider in the credit application.
• Determine appropriate business and global cash flow for small business borrowers.
• Identify trends and accounts which may require further attention or explanation for greater understanding.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level