Senior Commercial Underwriter

COASTHILLS FEDERAL CREDIT UNION•Santa Maria, CA

13d

About The Position

Under the direction of the FVP Senior Credit Manager, the Senior Commercial Underwriter is responsible for providing financial, credit, and trend analysis for the delivery of the Credit Union’s credit products and services to business clients and prospects. Keeps apprised of industry related, political, and regulatory issues to determine their impact on specific industries or clients. Structures and evaluates credit requests. Is responsible for determining the credit worthiness of borrowers and recommending credit decisions. Performs all duties in accordance with the Credit Union’s policies and procedures, as well as all state and federal laws and regulations.

Requirements

Bachelor’s degree in Business, Finance, or Accounting or equivalent combination of training and experience.
Four or more years business banking experience.
Three or more years business loan underwriting experience.
Proficient in MS Office.
Commercial lending best practices.
Strong knowledge of credit, accounting, and financial analysis.
Thorough understanding of applicable regulations.

Nice To Haves

SBA loan underwriting experience highly desirable.
Experience with regulatory exam process, as well as responses to findings preferred.
Formal credit training preferred.
USDA and SBA loan programs and procedures.
Knowledge of commercial credit analysis software desirable.

Responsibilities

Performs independent credit analysis and risk assessment of new and existing credit requests. Including, but not limited to, preparing analysis of financial statements for businesses from quality of earnings reports, financial projections, and audited statements.
Should be very well-versed in modeling income statements, balance sheets and cash flow over multiple years and be able to perform a downside and break-even projection analysis with limited input.
Interfaces with other Credit Union employees to ensure loan applications are completed and identifies documents that are missing or that require verification and/or clarification.
Coordinates the ordering of reports and reviewing the same for acceptability, including but not limited to OFAC reports, flood certifications, title policies, and collateral information, which includes appraisal inquiries, UCC Searches, environmental due diligence and more.
Effectively performs credit analyses, evaluates applications and eligibility determination, and develops financial forecasts of various borrowing entities and key principals.
Follows CHCU loan policy and regulatory guidelines; structures and underwrites loans; and makes recommendations to the appropriate level of credit authority.
Evaluates risk and mitigating factors.
Analyzes data for identification of financial trends, transactions or events which would have a bearing on the future operations and financial health of the applicant.
Analyzes personal and corporate financial statements to create an accurate profile of the creditworthiness of the client.
Determines if applicant’s financial position can support the proposed debt.
Keeps informed of changes in economic or market conditions that might affect credit risk.
Prepares comprehensive credit presentations for approval by the appropriate credit authority.
Seeks counsel from FVP Sr. Credit Manager when unusual underwriting situations occur.
Records loan approvals, counter offers, and loan denials as specified within Credit Union guidelines.
Ensures and coordinates the proper assembly of documents in loan files, including acceptances or denials in accordance with Credit Union guidelines.
Responsible for the ordering of loan documents.
Responsible for the review of loan documents prepared by the Business Services staff for accuracy and completion in accordance with the approved loan presentation and Credit Union guidelines.
Updates and maintains loan production log.
Performs annual reviews and financial analysis, as well as monitoring of loan covenants.
Identifies opportunities to refer members or potential members to other departments offering solutions to their financial planning, loan, or savings account needs.
Fully complies with all applicable laws and regulations as well as internal policies and procedures.
Maintains excellent inter-departmental relationships to ensure outstanding service to internal and external members.
Regularly attends and participates in in-house training.
Performs duties as assigned by management and may be assigned to work at any location.