Overview
Job Description; $5,000 Signing Bonus Offered. The Commercial Loan Underwriter reports directly to the Credit Department Manager. The role involves thorough assessment of financial statements, credit reports, and collateral to ensure the loan's security and the bank's profitability. The underwriter works closely with the loan officers and loan processors to ensure compliance with lending policies and regulations.
Responsibilities
Assess financial statements (income statements, balance sheets, cash flow), tax returns, and business plans to determine borrower's creditworthiness.
Evaluate collateral and conduct industry risk analysis to mitigate potential losses.
Assist in structuring loan terms and conditions based on the risk profile of the applicant and recommend appropriate loan products.
Ensure loan applications meet the bank's lending policies, regulatory guidelines, and risk management procedures.
Assess future financial performance, assumptions, and cash flow forecasts to determine repayment ability.
Prepare detailed credit approval documents (CAD) and risk assessments for senior loan committee members and/or board members. Periodically attend loan committees.
Make recommendations for loan approval or rejection.
Collaborate with loan officers, credit analysts, and, if necessary, with legal to ensure smooth processing and risk management.
Ensure all necessary documentation is in place and accurate for loan closing and funding.
Experience
2 - 5 years of previous Credit Analyst or loan underwriting experience.
Proven experience in commercial lending or a credit environment.
Strong analytical skills and financial acumen.
Knowledge of regulatory and compliance standards in commercial lending.
Experience with SBA 7(a), Express, CAP Line and SBA/USDA eligibility and underwriting criteria.
Strong attention to detail, communication and decision-making skills.
Microsoft Word and Excel capabilities.
Ability to manage multiple loan files and deadlines simultaneously.
Education Bachelor's Degree in related field or equivalent work experience.
Complete other general office duties.
The Family and Medical Leave Act (FMLA). The Employee Polygraph Protection Act (EPPA). Know Your Rights: Workplace Discrimination is Illegal | U.S. Equal Employment Opportunity Commission
Benefits Medical (low deductibles and employer pays 75% of premiums), Dental, Vision, 401k (5% employer match), FSA, Company paid Life and Disability, Paid Time Off, 13 paid holidays (including your birthday), tuition reimbursement, excellent work/life balance, and employee events.
Keyword: Banking
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Job Description; $5,000 Signing Bonus Offered. The Commercial Loan Underwriter reports directly to the Credit Department Manager. The role involves thorough assessment of financial statements, credit reports, and collateral to ensure the loan's security and the bank's profitability. The underwriter works closely with the loan officers and loan processors to ensure compliance with lending policies and regulations.
Responsibilities
Assess financial statements (income statements, balance sheets, cash flow), tax returns, and business plans to determine borrower's creditworthiness.
Evaluate collateral and conduct industry risk analysis to mitigate potential losses.
Assist in structuring loan terms and conditions based on the risk profile of the applicant and recommend appropriate loan products.
Ensure loan applications meet the bank's lending policies, regulatory guidelines, and risk management procedures.
Assess future financial performance, assumptions, and cash flow forecasts to determine repayment ability.
Prepare detailed credit approval documents (CAD) and risk assessments for senior loan committee members and/or board members. Periodically attend loan committees.
Make recommendations for loan approval or rejection.
Collaborate with loan officers, credit analysts, and, if necessary, with legal to ensure smooth processing and risk management.
Ensure all necessary documentation is in place and accurate for loan closing and funding.
Experience
2 - 5 years of previous Credit Analyst or loan underwriting experience.
Proven experience in commercial lending or a credit environment.
Strong analytical skills and financial acumen.
Knowledge of regulatory and compliance standards in commercial lending.
Experience with SBA 7(a), Express, CAP Line and SBA/USDA eligibility and underwriting criteria.
Strong attention to detail, communication and decision-making skills.
Microsoft Word and Excel capabilities.
Ability to manage multiple loan files and deadlines simultaneously.
Education Bachelor's Degree in related field or equivalent work experience.
Complete other general office duties.
The Family and Medical Leave Act (FMLA). The Employee Polygraph Protection Act (EPPA). Know Your Rights: Workplace Discrimination is Illegal | U.S. Equal Employment Opportunity Commission
Benefits Medical (low deductibles and employer pays 75% of premiums), Dental, Vision, 401k (5% employer match), FSA, Company paid Life and Disability, Paid Time Off, 13 paid holidays (including your birthday), tuition reimbursement, excellent work/life balance, and employee events.
Keyword: Banking
#J-18808-Ljbffr