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Form of workResponsible for contributing to high quality loan growth by analyzing, underwriting, recommending and approving credit requests generated by Calling Officers. Assist with monitoring and managing existing loan portfolio to minimize credit losses and maintain compliance with loan policies and procedures. The quality, completeness and accuracy of a credit approval is of utmost importance to ensure sound lending decisions. Will assist with monitoring and managing existing loan portfolio to minimize credit losses. Specific experience with Commercial Underwriting (C&I) is sought for this role.
Loan Underwriting: 90%
• Analyze, structure, and underwrite loan requests and renewals, including commercial loans/lines, SBA, commercial real estate and other wholesale loan products.
• Utilize financial statements, credit reports, industry data, appraisals and legal documentation to develop a comprehensive financial and risk assessment for prospective and existing customers.
• Demonstrated ability to independently underwrite and structure small-to-medium size Commercial, SBA, and/or Real Estate loans which may include presentations to loan committee.
• Work closely with credit officers and account officers to negotiate loan terms and accompany account officers on customer calls when necessary.
• Assists with training of new or less experienced underwriters and analysts.
• May be assigned a portfolio of problem loan customers, and/or small-to-medium size customer relationships.
• Interact with credit officers, loan officers, branch staff, appraisal staff, legal staff, customers and other related Bank personnel regarding issues of credit quality, loan structure, pricing, risk grading and loan documentation.
• Recommend or approve loans within delegated lending authority.
• Provide guidance and consultation on lending policies, procedures, pricing and structuring.
• Ensure compliance with federal and state regulations, as well as bank policies and procedures.
• Work with Loan Service Center to order loan documentation and coordinate delivery of all required forms and information.
• Participate as a proactive Credit Administration team member and assist with loan portfolio monitoring, including annual reviews, loan covenant compliance, problem loan monitoring, and the development and execution of loan collection strategies.
• Collaborate with Calling Officers on loan workout plan and preparation of quarterly watch reports.
Sales: 10%
• Identify sales opportunities during the underwriting process and make recommendations as needed for follow-up.
• Follow-up with loan officers and/or customers to ensure satisfaction and cross-sell additional products.
• Work with other departments to successfully complete the sales cycle.
Minimum Qualifications
Bachelor's degree in business administration or related field; or an equivalent combination of education and experience. Minimum 2 years' experience in credit analysis and servicing experience of small to mid-sized commercial, SBA, commercial real estate and/or construction loans. For the Senior Commercial Underwriter role, minimum 5-7 years' experience in commercial and C&I experience as an underwriter.
Knowledge, Skills and Abilities
• Knowledge of commercial underwriting, lending policies, procedures, practices and documentation including accounting, financial statement and cash flow analysis, and financial projection modeling.
• Knowledge of underwriting policies and procedures for Commercial Real Estate including appraisal methods, and environmental due diligence practices.
• Knowledge of bank regulations, income tax accounting, finance and economics.
• Knowledge of underwriting policies, procedures, and eligibility requirements for SBA loans.
• Skills operating a personal computer with word processing, spreadsheet and presentation software.
• Must be highly organized and detail oriented with strong qualitative and analytical skills.
• Sound business writing and grammar skills.
Physical Requirements
Office Worker: Ability to stand, bend, stoop, sit, walk, twist and turn. Ability to lift up to 15 pounds occasionally. Indoor office work environment with a majority of time sitting at a desk.
Compensation
The hiring range for this position is $81,000 to $127,000 per year. The compensation offered will fall within this range commensurate with the candidate's applicable experience, education and skills.
