Senior Commercial Underwriter

Shore United Bank•Fredericksburg, VA

6h•$93,400 - $141,800•Onsite

About The Position

Shore United Bank is seeking a full-time Senior Commercial Underwriter to join our team. The Senior Commercial Underwriter is considered a credit analysis SME and is primarily responsible for underwriting the most complex commercial loan requests on a self-directed basis. This includes interfacing with the account officer to ensure the loan is properly structured and risk rated, compliant with regulations and bank policy, and that all relevant information has been obtained to identify and mitigate potential risk to the bank. The underwriter will be required to compile a final approval package for submission to the appropriate approval authority including financial statement spreads, global cash flow worksheets, written narratives, and supplementary tables and charts, which will require the review of source documents including, but not limited to, financial statements, tax returns, credit reports, and legal documents.

Requirements

High school diploma/GED equivalent.
A B.S. or B.A. degree in a related field of study preferred, OR a minimum of 7 years' related experience and specialized financial analysis training.
Minimum of 5 year's experience in a credit underwriting or credit analyst role
An understanding of credit analysis equivalent to that which would be confirmed by RMA’s Credit Analysis Certificate
Proficient ability to analyze and interpret financial statements and draw conclusions based on common-sized, trend, comparative and UCA analyses
Ability to accurately spread and analyze financial statements for various entity types
Ability to identify source of repayment and perform collateral analysis, including an understanding of appraisal development and DCF cash flow analysis
Intermediate knowledge of current lending and loan review regulations and banking regulations, procedures, and operations

Responsibilities

Receives data on prospective and active borrowing accounts, i.e., financial statements, agency reports, and interview and investigation sheets.
Analyzes data and evaluates the short- and long-run prospects of the individual or company.
Recommends to appropriate personnel on the granting or denying of loans; prepares sufficient information to document recommendations.
Supports loan grade after conducting a thorough credit analysis and documentation review.
Provides thorough documentation of all financial analysis work, including ratios and other related information.
Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
May exercise loan authority to approve, restructure or deny commercial loan requests while protecting the Bank and meeting the needs of its clients.
Identifies and responds to opportunities to communicate affiliates products and services to promote the image of the affiliate and promote Shore Bancshares’ community of companies’ products and services to potential customers and referring those customers to the proper personnel.
Remains efficient and productive despite being assigned the most complex transactions and projects.
Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence.

Benefits

health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability
Paid parental leave
401k savings plan with up to a 4% company match
Employee Stock Purchase Plan
Employee banking services
loan discount program
education assistance
career development program
Employee Assistance Program
wellness initiatives
Opportunity for growth and advancement
Paid training program and continuous training sessions throughout the year on various topics
Generous paid time off and paid sick time
Community involvement opportunities