Underwriting Assistant

Valley Bank • Chicago, IL

44d

About The Position

This role involves monitoring financial exception reports, ensuring tickler dates are updated, and escalating issues when financial statements are not received within the required timeframe. The Underwriting Assistant will also be responsible for sending received financial statements for imaging, contacting borrowers and CPAs for documentation, and monitoring various portfolio management reports. Additionally, the position requires providing excellent customer service by resolving issues and delivering accurate information to CPMs and Loan Officers.

Requirements

• Proficient computer skills with knowledge of Microsoft Word and Excel and performing internet searches.
• Basic math skills, including the ability to compute ratios.
• Strong organizational skills and detail oriented.
• Ability to work in a fast-paced environment and move quickly through assignments to ensure deadlines are met.
• Ability to read, interpret and comprehend policies, procedures and training materials.
• High School Diploma or GED
• Minimum of one year banking experience.

Nice To Haves

• Completion of college level courses in accounting or finance
• Associate's degree
• Minimum of two years banking, credit or lending experience

Responsibilities

• Monitors the financial exception report on a regular basis to track financial statements.
• Creates and provides reports to the CPM Team Leader and Manager of the Business Line based on findings from the financial exception report.
• Ensures that the tickler dates are updated and correct on exception reports as financials are received.
• Escalates situations to the CPM and Loan Officer when the required financial statements are not received within 45 days of the initial letter or contact.
• Ensures that once financial statements are received, they are sent for imaging and provided to the CPM and Loan Officer for review.
• Contacts borrower's, bookkeepers and CPAs via phone, e-mail and mail requesting financial documentation required per the loan agreement.
• Monitors Portfolio Management reports such as Delinquent Real Estate Taxes, Liquid Collateral, Past Due Loans, etc.
• Works with Loan Officers on past due loans and to clear exceptions when necessary.
• Provides superior customer service by resolving issues and providing accurate and timely information to CPMs and Loan Officers.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: High school or GED