The Commercial Underwriter provides a high level of professional work in an accurate, consistent, and timely manner. They support the commercial lending teams by analyzing, structuring, and monitoring a portfolio of new and existing loan customers.
Responsibilities Include:
- Underwrite loan requests for new applicants and existing borrowers.
- Help lending team prescreen potential transactions.
- Review applications to ensure a complete package of due diligence material.
- Assess the cash flow, collateral, management, and industry of the borrowers and guarantors.
- Spread financial statements, tax returns, and other financial information in a consistent and meaningful manner.
- Provide expert level interpretation of trends, ratios, projections, and proformas.
- Determine if there is sufficient financial support for the credit request.
- Order, review, and assess appraisals, collateral exams, title prelims, and other third-party reports.
- Analyze loan risk appropriately and determine loan risk rating.
- Help size the loan and structure loan terms.
- Monitor the performance of a portfolio of existing loans.
- Test loan covenants for compliance; recommend waivers and modifications as appropriate.
- Review loan risk ratings and recommend changes as appropriate.
- Prepare annual financial reviews.
- Help lending team identify cross-sales opportunities.
- Help prepare loan credit reports that recommend credit actions on new and existing customers.
- Provide a narrative discussion to summarize the key strengths, weaknesses, financial analysis, loan structures, and conclusions.
- Work with lending teams to present the reports to the appropriate approving authority.
- Use integrated financial spreading and credit requesting software to prepare, route, approve, and document the credit requests.
- Contact borrowers or their agents regarding loan applications, obtaining financial information, or asking follow-up questions related to new or existing loans.
- Monitor and review specialized financial information, such as borrowing bases, agricultural budgets, and real estate inspections.
- Research market, industry, and collateral information provided by borrowers or their agents.
- Comply with all applicable banking compliance rules and regulations established by both internal departments and external agencies.
What You’ll Need to be Successful:
- Adaptability: Able to manage competing demands.
- Analytical Skills: Strong problem-solving and critical thinking skills.
- Initiative: Willingness and demonstration of professional development and continual learning.
- Collaboration: Ability to work well with other departments and individuals, maintaining communication to keep the workflow going.
- Judgment and Discretion: Ability to exercise independent judgment in decision making.
- Comprehension: Ability to read, comprehend, and interpret complex written material.
- Quality: Demonstrate accuracy and thoroughness.
- Planning/Organizing: Strong organizational and time management skills.
- Communication: Speak and write clearly and persuasively in all situations.
- Reliability: Complete tasks on time or notify the appropriate person with an alternate plan.
- Teamwork: Maintain a positive working relationship with your team members.
- Compliance: Consistently adhere to Bank policies and regulations, reinforcing training to ensure that Bank employees are aware of UDAAP and do not harm consumers with any act that could be misleading, unfair, deceptive, or abusive in act or practice.
Qualifications:
- High school diploma or general education degree (GED), plus a minimum of two semesters of college-level accounting classes required.
- Degree from a four-year college or university preferred.
- Five to seven years of experience in credit-related fields.
- Knowledge of loan compliance and credit policy and procedures.
- Experience and understanding of the differences between cash, accrual, and tax accounting.
- Experience with CreditQuest, Moody’s RiskAnalyst, Baker Hill, CASH Suite, or similar integrated software platform is preferred.
Why You Should Apply:
- Full-time position with an excellent compensation and benefits package.
- Generous time off programs.
- Profit-sharing.
- Discounted stock purchase program.
- Excellent growth and development opportunities.
- And much more!
The purpose of this job description is to provide a summary of duties related to the position. It is not intended to be all-inclusive. The employee will perform other reasonable business duties as assigned by supervisor or other management.
First Northern Bank does not discriminate based on race, color, religion, sex, gender identity, age, national origin, marital status, pregnancy, disability, or any other protected status.
The duties outlined in this description are subject to modification or change by the organization, at any time, with or without notice.
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