VP, Commercial Loan Underwriter
About The Position
Under minimal supervision, the VP, Commercial Loan Underwriter underwrites commercial loans and serves as a subject matter expert on policy. The role assists with credit structuring and ensures adherence to internal credit policies and applicable regulations. The incumbent analyzes commercial and personal credit information from borrowers and guarantors to assess lending risk for new and existing commercial real estate clients, and verifies and compiles commercial loan application information. The position requires teamwork and personal interaction, as well as independent work in an office with minimal supervision. The role ensures compliance with Bank policies and procedures and applicable state and federal banking regulations. It has no supervisory responsibilities. The position also requires at least 10 CRA volunteer hours annually, typically scheduled during business hours; this time is compensable and mileage is reimbursed. Other duties may be assigned.
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
- At least 7 years of Commercial Real Estate and Business Loan underwriting experience.
- Strong math skills and credit analysis capabilities, including financial modeling, ratio analysis, stress testing, and sensitivity analysis.
- Excellent written and verbal communication skills, including the ability to prepare clear, well-thought-out credit memorandums.
- Computer experience and proficiency with word processing, spreadsheets, and database management.
- Attention to detail and strong organizational skills, with the ability to manage multiple loan transactions and meet deadlines.
- Ability to work scheduled full-time hours and maintain regular attendance.
- Ability to multitask in a fast-paced environment.
Nice To Haves
- Familiarity with a loan originating system, preferably Baker Hill.
Responsibilities
- Review loan application files for completeness and compliance with established standards, including loan type and amount and borrower assets and liabilities.
- Underwrite and evaluate commercial loan requests from origination through closing, including initial credit approval, conditions, and post-closing oversight.
- Prepare credit memorandums and detailed credit analyses for Bank credit authorizations.
- Analyze financial statements, business and personal tax returns, projections, cash flow, debt service coverage, leverage, liquidity, and collateral.
- Assess business models, industry risks, market position, and management strength.
- Review and interpret appraisal, environmental, valuation, title, and third-party reports.
- Ensure compliance with applicable program rules and lender and commercial documentation requirements.
- Perform and document risk assessments on loan requests and verify the accuracy of information provided.
- Work directly with lenders and borrowers to discuss issues, ask questions, and make financial and covenant recommendations as needed.
- Review appraisal assumptions and methodologies and incorporate appraisal information into Bank credit authorizations.
- Evaluate and verify collateral on secured loans and prepare reports of findings.
- Work with all parties to support timely processing, credit approval, and closing of new loan requests.
- Complete a minimum of 10 CRA volunteer hours per year.
- Perform other duties as assigned.
Benefits
- CRA volunteer hours are compensable time.
- Mileage for CRA volunteer hours is reimbursed.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
