Sr. Commercial Loan Underwriter - Industrial
Sr. Commercial Loan Underwriter - Industrial
The Commercial Loan Underwriter - Industrial will underwrite commercial lending opportunities in an assigned territory, focusing on working capital lines of credit, equipment finance, and owner-occupied real estate. The Underwriter will maintain relationships with internal partners, providing support on portfolio management, risk ratings, and credit structure. The Underwriter will evaluate the credit worthiness of loan applications, making credit recommendations that help the Bank make decisions which minimizes risk to the bank while working to find solutions for the applicants. This job is responsible for constructing a credit memorandum which documents the analysis of credit data, identifies key risks and mitigating factors, and makes credit recommendations which are aligned with the organization's risk appetite.
Key Responsibilities and Duties
Reviews and prepares commercial loan presentations ensuring files are complete and organized.
Reviews ongoing financial reporting and compliance requirements of existing commercial loan accounts.
Identifies, gathers, and analyzes information to assess credit risk and viability of sources of repayment to determine appropriate loan structure.
Makes recommendations regarding structure, risk ratings, and credit decisions to management, adhering to Bank's policies and procedures.
Ability to identify strengths and weaknesses in capital, liquidity, loan structure, collateral, and management capability, using the information to assign credit risk rating.
Works in collaboration with relationship managers preparing and presenting credit approval memos with recommendations consistent with bank policy.
Responsible for performing ongoing review and management of the portfolio to identify and minimize risk to the Bank.
Performs multiple tasks for separate transactions accurately in a time critical environment.
Experience with cash and accrual basis accounting, financial statements and related documentation to create financial projections with reasonable assumptions.
Educational Requirements
University (Degree) Preferred
Work Experience
3+ Years Required; 5+ Years Preferred
Physical Requirements Physical Requirements: Sedentary Work
Career Level
7IC
Conducts complete credit analysis including gathering and analyzing all types of credit information on existing and prospective customers for Small Business Administration (SBA) loans.
Reviews comprehensive loan packages to identify, evaluate and ensure compliance with SBA program requirements.
Thorough knowledge of SBA SOP
5+ years of SBA originations underwriting experience.
Hybrid work is a minimum of four days a week, one flexible day for remote work
Posting end date: 2/10/25
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