About The Position
The Commercial Loan Underwriter – Industrial will underwrite commercial lending opportunities in an assigned territory, focusing on working capital lines of credit, equipment finance, and owner-occupied real estate. The Underwriter will maintain relationships with internal partners, providing support on portfolio management, risk ratings, and credit structure. The Underwriter will evaluate the credit worthiness of loan applications, making credit recommendations that help the Bank make decisions which minimizes risk to the bank while working to find solutions for the applicants. This job is responsible for constructing a credit memorandum which documents the analysis of credit data, identifies key risks and mitigating factors, and makes credit recommendations which are aligned with the organization's risk appetite.
Requirements
- 3 years of experience in commercial underwriting
- Previous experience supporting SBA (Small Business Administration) loans - 7a, 504, etc.
Nice To Haves
- 5+ years of SBA originations underwriting experience
- Thorough knowledge SBA SOPs
- Previous experience conducting complete credit analysis including gathering and analyzing all types of credit information on existing and prospective customers for SBA loans
- Ability to review comprehensive loan packages to identify, evaluate and ensure compliance with SBA program requirements
Responsibilities
- Reviews and prepares commercial loan presentations ensuring files are complete and organized.
- Reviews ongoing financial reporting and compliance requirements of existing commercial loan accounts.
- Identifies, gathers, and analyzes information to assess credit risk and viability of sources of repayment to determine appropriate loan structure.
- Makes recommendations regarding structure, risk ratings, and credit decisions to management, adhering to Bank’s policies and procedures.
- Ability to identify strengths and weaknesses in capital, liquidity, loan structure, collateral, and management capability, using the information to assign credit risk rating.
- Works in collaboration with relationship managers preparing and presenting credit approval memos with recommendations consistent with bank policy.
- Responsible for performing ongoing review and management of the portfolio to identify and minimize risk to the Bank.
- Performs multiple tasks for separate transactions accurately in a time critical environment.
- Experience with cash and accrual basis accounting, financial statements and related documentation to create financial projections with reasonable assumptions.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
1-10 employees
