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Form of workAbout Us
Recognized as one of the most successful Black and Women owned credit unions in the nation, HOPE continues to build its brand and impact by expanding access to financial services and engaging in advocacy to mitigate the extent to which factors such as race, gender, birthplace and wealth limit one's ability to prosper. Since 1994, HOPE has generated more than $3.6 billion in community development financing that has benefitted more than 2 million people in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and nationwide. This work has supported small business owners struggling to gain access to capital, families seeking to own homes and individuals looking for a better way to manage their hard-earned money with a financial institution they can trust.
Job Summary
The Commercial Underwriter II is responsible for conducting a credit/financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Commercial Underwriter II will be responsible for some complex loans and analyses, consisting of LIHTC, Medium to Large Commercial Real Estate transactions and Commercial Industrial Loans. The Commercial Underwriter II will progressively review and underwrite New Market Tax Credits transactions. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.
Primary and Essential Functions
Secondary Functions
Regulatory Compliance Requirements
Accountability for Business Results
Specified Authority Level
Competencies/Skills
Desired Qualifications
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Recognized as one of the most successful Black and Women owned credit unions in the nation, HOPE continues to build its brand and impact by expanding access to financial services and engaging in advocacy to mitigate the extent to which factors such as race, gender, birthplace and wealth limit one's ability to prosper. Since 1994, HOPE has generated more than $3.6 billion in community development financing that has benefitted more than 2 million people in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and nationwide. This work has supported small business owners struggling to gain access to capital, families seeking to own homes and individuals looking for a better way to manage their hard-earned money with a financial institution they can trust.
Job Summary
The Commercial Underwriter II is responsible for conducting a credit/financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Commercial Underwriter II will be responsible for some complex loans and analyses, consisting of LIHTC, Medium to Large Commercial Real Estate transactions and Commercial Industrial Loans. The Commercial Underwriter II will progressively review and underwrite New Market Tax Credits transactions. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.
Primary and Essential Functions
- Collaborate with the loan officers and market leaders to discuss credit requests and develop strategies to identify and mitigate any potential risk.
- Conduct initial review of the incoming loan packages by determining creditworthiness and compliance with the Credit Union's policy and the NCUA.
- Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections and compare these elements to RMA when applicable.
- Calculate appropriate financial ratios utilizing, but not limited to, the following methods UCA, Net Operating Income, EBITDA, and Global Debt Service.
- Research and investigate applicable industry and market data/trends.
- Coordinate and incorporate third party reports into the credit analysis when appropriate.
- Review and determine viability of projections, when applicable, for the analysis.
- Review and restructure deals as appropriate.
- Prepare a credit memorandum for presentation to the Credit Committee, with final recommendation.
- Participate in the periodic review of existing portfolio credits, as needed
- Assist in the preparation of Loan Extensions/Modifications, as needed
- Stay abreast of NCUA regulations, industry changes and the credit culture.
Secondary Functions
- Perform general administrative duties such as attending meetings, report production, etc.
- Assist with special projects as requested/assigned
Regulatory Compliance Requirements
- Must comply with provisions of the Bank Secrecy Act (BSA)
- Must comply with the National Credit Union Administration's rules and regulations
- Must comply with all provisions of the Equal Credit Opportunity Act (Regulation B)
- Must comply with all provisions of the Fair Credit Practice Rule
- Must comply with all provisions of the Flood Disaster Protection Act
- Must comply with all provisions of the National Flood Insurance Act
- Must comply with all provisions of the Truth in Lending Act (Regulation Z)
Accountability for Business Results
- Commercial loan quality (performance, minimal errors, charge-offs, etc.)
- Commercial loan production (number and dollar amount of loans)
Specified Authority Level
- Access to loan applications and performance data
Competencies/Skills
- Strong computer skills, especially with financial spreadsheets and word processing; prefer experience with Moody's KMV Financial Analyst or Baker Hill / NextGen.
- Ability to read and interpret documents and write routine reports and correspondence
- Ability to speak effectively before groups of customers and employees of the organization
- Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
- Ability to compute rate, ratio and percent and interpret data.
- Ability to deal with problems involving a few concrete variables in standardized situations.
- Ability to evaluate creditworthiness from multiple structured and unstructured variables.
- Ability to restructure loans as necessary.
Desired Qualifications
- Bachelor's Degree in Finance or Accounting is preferred
- Five or more experience in commercial credit analysis and underwriting
- Experience in development finance is preferred.
- Demonstrated strength in credit analysis, financial analysis, and communication skills (written and verbal)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
