Senior Commercial Underwriter

Overview

Senior Commercial Underwriter - AVP, Credit Officer

Under minimal supervision, the Senior Commercial Loan Underwriter is responsible for underwriting commercial loans. This role acts as a subject matter expert in policy, assists in credit structuring and ensures adherence to internal credit policies regulations. The incumbent will analyze commercial and personal credit information from borrowers and guarantors to determine risk involved in lending money to new and existing commercial real estate clients.

Verifies and compiles application information for commercial loans by performing the following duties. Position requires teamwork and personal interaction. Ensures compliance within all Bank policies and procedures, as well as all applicable state and federal banking regulations.

• Review loan application files to verify that application data is complete and meets established standards, including type and amount of loan, borrower assets and liabilities
• Underwrite and evaluate commercial loan requests from origination through closing, including initial credit approval, conditions and post-closing oversight
• Prepare credit memorandums and detailed credit analysis for inclusion in Bank credit authorization
• Analyze financial statements, tax returns (both business and personal), projections, cash flow, debt service coverage, leverage, liquidity, and collateral
• Assess business models, industry risks, market position, and management strength
• Review and interpret appraisal, environmental, valuation, title, and third-party reports
• Ensure compliance with all applicable, program rules, and lender/commercial documentation requirements
• Perform and document risk assessment on loan requests. Verifies accuracy of information provided
• Work directly with Lenders and borrowers to discuss issues, ask questions and make financial and covenant recommendations as necessary
• Review and analyze appraisal assumptions and methodologies; incorporate appraisal information into Bank credit authorization. Evaluates and verifies all collateral on all secured loans and prepares reports of findings
• Works closely with all parties to assist in timely processing, credit approval, and closing of new loan requests

• Bachelor’s degree in Finance, Accounting, Economics, Business or related field
• Requires a minimum of 7 years of Commercial Real Estate & Business Loan underwriting experience.
• Strong math skills and credit analysis capabilities – financial modeling, ratio analysis, stress testing, sensitivity analysis
• Excellent written and verbal communication skills, including the ability to prepare clear and well thought credit memos
• Requires computer experience and proficiency with word processing, spreadsheets and database management