Underwriter II – Credit Administration

Numerica Credit Union•Spokane Valley, WA

6h•Hybrid

About The Position

With the goal of enhancing lives, fulfilling dreams and building communities, this position performs financial and credit analysis for loan requests under Business Services to ensure accuracy, consistency, compliance, while maintaining the credit quality of the Business Services loan portfolio. This role requires a thorough understanding of NCUA and DFI regulations as they apply to commercial and business lending. The Underwriter II evaluates new and subsequent loan requests, analyzes financial information, and drafts credit presentations ensuring all information is true and accurate. They ensure the protection of the credit union’s interests through sound credit decisions, draft complete loan reviews, and assure loans are risk rated appropriately, recommending changes as warranted. The position also assists in managing covenant compliance and loan exceptions, utilizes financial analysis software to independently spread and analyze complex financial statements, and reviews financial analyses from other Credit Analysts for accuracy. Additionally, the Underwriter II mentors Underwriter I’s, assures compliance with all business services policies, applicable laws, and regulatory guidelines, and maintains knowledge of BSA regulations and compliance standards.

Requirements

Bachelor’s degree in Business or a related field, plus 5 years of experience in commercial lending and credit analysis or an equivalent combination of experience or education.
Strong credit skills.
Strong technical business writing skills.
Strong communication skills.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Ability to write reports, business correspondence, and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers or members.
Ability to operate standard office equipment such as photocopier, fax machine, word processor, personal computer and such other equipment normally found in a credit department of financial institutions.
Ability to lift up to 25 lbs.

Nice To Haves

Additional training in financial analysis is preferred.
Working knowledge of the SBA SOP is preferred.
Knowledge of Agricultural Lending is a plus.
Demonstrated mastery of financial spreading including company prepared financials, tax returns, CPA Compiled/Reviewed/Audited and Agricultural Budgets.
Mastery of underwriting Commercial Real Estate, Commercial and Industrial (C&I), Contractor lending, and Small Business Administration guaranteed lending.
Advanced understanding of key C&I operating ratios including their formulas.
Proven ability to calculate borrowing base certificates and their usage, term loan reviews, and covenant calculations.
Proven ability to write a professional credit presentation/display.
Fundamental knowledge of third party due diligence including title insurance, appraisal, flood determination, UCC searches, and environmental due diligence.

Responsibilities

Maintains a thorough understanding of NCUA and DFI regulations as they apply to commercial and business lending.
Evaluates new and subsequent loan requests, analyzes financial information, and drafts credit presentations ensuring all information is true and accurate.
Ensures the protection of the credit union’s interests in the exercise of sound credit decisions.
Drafts complete loan reviews and assures loans are risk rated appropriately.
Recommends changes in risk ratings as warranted.
Assists in managing covenant compliance and loan exceptions.
Utilizes financial analysis software with the ability to independently spread and analyze complex financial statements, demonstrating the ability to understand key financial ratios and trends.
Reviews financial analyses from other Credit Analysts when necessary and assures accuracy of information in conformance with NCU policy.
Recommends loan structure, conditions, and monitoring of commercial credits.
Assures compliance of all business services policies, applicable laws, and regulatory guidelines and recommends development of any necessary changes in procedures to assure compliance.
Maintains knowledge and adheres to all BSA regulations and compliance standards on internal and external policies.
Mentors Underwriter I’s to assist in their development.