Commercial Underwriter

Role:

Provide support to our Commercial Lending Team in the origination, underwriting, risk management and ongoing servicing of all commercial credit relationships. This role is responsible for meticulously analyzing and spreading financial data provided by prospective borrowers and conducting a thorough due diligence investigation.

Essential Functions & Responsibilities:

• Collect, analyze and evaluate financial and related data to determine repayment ability and credit worthiness of loan prospects and merits of specific loan requests and/or annual reviews.Collaborate with customers, Business development Officers and applicable third-party providers to gather all necessary information to present an accurate and complete picture of the loan presented. Recommend terms under which credit will be extended, including the costs, repayment method, collateral requirements and appropriate approval covenants, if applicable. Prepare Credit Memorandums and present loan requests to Loan Committee when applicable.

• Maintain up-to-date industry knowledge and train others on products, services, departmental systems and related technology. Be an "expert" regarding FSCU Loan Policies and Procedures & SBA SOP.

• Accountable for risk management, compliance and audit performance for area(s) of responsibility whether a supervisor, manager or individual contributor.
• Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.
• Maintain superior level of customer service with FSCU Members, teammates and all employees.
• Follow all FSCU policies and procedures to ensure compliance with applicable laws and regulations.
• Other job duties as assigned.

Performance Measurements:

1. The most important function of the Underwriter is to suitably document the findings of their investigation in a comprehensive Credit Memo, which will be presented to the First Service Credit Union (FSCU) Loan Committee for approval.
2. The Underwriter will also require appropriate loan covenants, which must be satisfied prior to final loan approval, and assign risk ratings in accordance with FSCU Loan Policy.
3. The Underwriter will support the monitoring of borrower compliance with covenants, conduct annual reviews and assist with the overall administration of credit relationships.

Knowledge and Skills:

Experience - At least three years of experience in Commercial / SBA credit administration and underwriting. Knowledge of SBA Standard Operating Procedures and location of related reference materials.

Education - (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

Interpersonal Skills - Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

Other Skills - Strong ability to analyze: 1) credit reports; 2) business and global cash flow; 3) business and personal tax returns; 4) provide an analytical interpretation of balance sheet & income statements. Excellent written and verbal communication skills. Working knowledge of Microsoft Outlook, Word and Excel. Ability to work independently and balance multiple work assignments while meeting deadlines. Highly motivated, inquisitive, detailed oriented, and adaptive to change.

Physical Requirements -

While performing the duties of the job, the employee is regularly required to:

-- position his/herself to move about the work area

-- reach, grab and/or sort

-- communicate with others via the telephone and/or in person

-- identify and recognize small font communication

-- have the ability to transport a minimum of 10 pounds