Small Business Underwriter

Towne Family of Companies•Suffolk, VA

12h

About The Position

TowneBank is a relationship and friendship driven local bank focused on basic human values that will serve to create a warm sense of belonging and financial well-being among our family members. We are seeking a Small Business Underwriter to evaluate the financial condition of individuals and businesses applying for credit with the bank to determine the Member’s credit worthiness. A Small Business Underwriter is vital to the continued success of our members and to the bank.

Requirements

A high school degree.
A college degree in business or compensating work experience in working with financial statements and tax returns or credit experience.
Efficiency and is thorough, possessing strong organizational skills, and works well on your own and possesses a willingness to learn and help others.
Excellent written and oral communication skills.
Proficiency with computers and related software (Microsoft Excel, Word, Access)

Nice To Haves

The ability to read, analyze, and interpret financial/credit documents and statements.
The ability to analyze personal financial conditions and personal tax returns, partnership returns, and cash basis sole proprietors.
The ability to write routine reports and correspondence.
The ability to speak effectively before groups of customers or employees of organization.
The ability to define problems, collect data, establish facts, and draw valid conclusions.
The ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
A strong ability to interact with all levels of the organization.
Organized, detail oriented, ability to clearly articulate matters whether over the phone or in person.
The capability of working independently, ability to plan and set priorities and meet deadlines.
The ability to work under stress and manage deadlines.
The ability to maintain confidentiality.
Knowledge of bank policy/procedures and Supervisory guidelines
General policy guidelines, appraisals, commercial real estate, lines of credit, environmental due diligence, etc.

Responsibilities

Underwriting small business requests from lending team according to workflow requirements.
Will progress in complexity of underwriting as training progresses.
Responsible for timely follow-up of items in Decision Queue and Booking Queue.
Assisting with renewal underwriting to include preparation of maintenance forms for maturity extension and documenting Image Centre with approval.
Financial statement analysis/spreading Ratio/Cashflow analysis Debt Service Coverage (personal/business/global)
Bank Policy/Guidelines and Supervisory Guidelines
Small Business Model input/processing
Business/personal credit reports
Assist with the timely completion of financial spreads/updates.
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
Other duties as assigned.