Commercial Underwriter
Position Overview
The Commercial Banking Underwriting Program provides a structured learning opportunity for individuals (Underwriters) to learn and develop technical underwriting skills. Underwriters participate in an approximately 18 — 24-month training program, including orientation, formal underwriting training, and a formal mentorship with an Underwriting Officer. Underwriters complete evaluation and documentation of the loan requests for assigned LOBs (Lines of Business); own deal analyses and execute workflow according to established SLAs (Service Level Agreements). Underwriters assist in the on-going monitoring of the credit exposure for assigned relationships, including renewals, reaffirmations and annual risk ratings.
The Commercial Banking Underwriting Program provides a structured learning opportunity for individuals (Underwriters) to learn and develop technical underwriting skills. Underwriters participate in an approximately 18 — 24-month training program, including orientation, formal underwriting training, and a formal mentorship with an Underwriting Officer. Underwriters complete evaluation and documentation of the loan requests for assigned LOBs (Lines of Business); own deal analyses and execute workflow according to established SLAs (Service Level Agreements). Underwriters assist in the on-going monitoring of the credit exposure for assigned relationships, including renewals, reaffirmations and annual risk ratings.
Position Responsibilities:
Credit
- Acquires technical skills through structured curriculum and apply knowledge and skills to on-the-job assignments.
- Provides complete analysis of loan package for new deals, as well as reviews of existing relationships, utilizing the various underwriting methods as established by Credit Administration.
- Prepares list of questions and summary of outstanding issues when underwriting loan requests with Underwriting Officer or Manager guidance.
- Prepares loan packages; writes Officer and/or Credit comments with assistance from Relationship Manager (RM) or Portfolio Manager (PM); and provides complete credit documentation of the loan application by utilizing loan approval documents and other various addendums as established by Credit Administration.
- Applies appropriate loan structures; prepares collateral charts, cash flows, risk ratings, and other pertinent attachments.
- Provides industry analysis, spreads financial statements, and identifies and analyzes inconsistencies and inaccuracies within the customer provided financial statements.
- Evaluates strengths and weaknesses of the credit and escalate risks and other issues; where appropriate while assisting the RM/PM with contacting customers to obtain answers for loan analyses. These responsibilities are to be completed with Underwriting Officer or Manager guidance.
- Meets the service level agreements for volumes, accuracy, and timeliness. Minimizes errors and reword situations.
- Understands and applies relevant credit policies to the underwriting process.
- If applicable, recommend effective loan covenants to monitor financial performance and regularly calculate covenant package to ensure compliance.
- Accurately completes risk ratings.
Administration
- Where applicable, monitors loan covenants and tracking in conjunction with the Credit support team for assigned relationships.
- Shares responsibility with Credit Support Specialists for performing OFAC checks and identifying issues.
- Investigates title searches, surveys and UCC (Uniform Commercial Code) searches as requested by Manager, Underwriting Officer, or RM/PM.
- Comply with regulatory requirements; Complete and apply required credit, regulatory, system, and process training.
Process Sustainability
- Adhere to department procedures for workload management and strives to meet or exceed SLA and when not feasible, communicates to Manager and RM/PM.
- Ensures appropriate loan approval document formats/attachments are used in accordance with approved process & procedures.
- Other duties as assigned
Position Qualifications:
Minimum Qualifications
- Bachelor’s Degree
- Two (2) Accounting courses (minimum 6 units)
- 1 year of experience in Microsoft Word, Excel, PowerPoint, and Outlook
Preferred Qualifications
- Bachelor’s Degree in Business, Economics or similar degree field.
- Minimum two Accounting courses (6 units).
- Overall GPA of 3.0 and 3.0 GPA in two Accounting courses.
- 1 year of experience in Microsoft Word, Excel, PowerPoint, and Outlook
- Demonstrated leadership and strong verbal and written communication skills
