Commercial Underwriter / Credit Analyst
MidFirst Bank, Los Angeles, CA, United States
Overview
1st Century Bank, a division of MidFirst Bank, is a full service bank with a vision of unparalleled client service. The Bank's core principles are flexibility, responsiveness, and the ability to create tailored solutions, coupled with its commitment to provide exceptional client service. Our bankers work in a team effort to develop a deep understanding of their clients, and work with and on their behalf to develop solutions tailored to meet their needs. Nothing is overlooked. Everything is considered.
Responsibilities
Works with relationship managers to properly structure loan requests to meet bank's policy and desired risk appetite. In many cases, the individual will prepare pre-screen memorandums to pre-flight the request.
Contacts internal and occasionally external customers to gather information and/or clarify information previously received.
Analyzes corporate financials (tax returns, CPA Reviewed Financials, CPA Audits, SEC Filings) utilizing spreading software and other analytical tools to assess the company's cash flow, leverage and coverage ratios.
Analyzes personal tax returns and other personal financial data to assess the strength of any personal obligors or business owners.
Utilizes internal and external collateral evaluations to assess the secondary or tertiary source of repayment.
Prepares loan approval memorandums used by senior management in approving loan requests. The memorandum identifies key risks of a transaction and applicable mitigating factors. The memorandum concisely and substantively incorporates the analytical work in a way that can be easily digested by all parties.
Periodically reviews existing loan customers for annual reviews and covenant monitoring.
Works independently to efficiently service and support the department's internal and external customers.
Applicants may be asked to serve as subject matter experts for certain industries or loan types.
Assist Relationship Managers in determining level of interest for new credit opportunities and in structuring new credits to be submitted for approval.
Prepare the comprehensive Credit Memo on loan transactions, to be submitted for approval. Complete with appropriate supporting information including loan structure/pricing analysis, borrower history/experience assessment, historical and projected financial statements spreadsheets, tax return analysis, credit report review, collateral evaluation, and repayment/risk analysis.
Prepare Loan Agreement Compliance Report (LACR), Annual Review Report (ARR) and Monitored Loan Report (MLR) as necessary for existing credits, and interact with RMs to advise on trends or deficiencies in the borrower's/guarantor's financial condition.
Provide in-depth analysis of historical financial statements, cash flow and debt service requirements and business plans/projections.
C&I / CRE experience and CFP certification is a plus.
Competencies
Accuracy and attention to detail
Experience spreading and analyzing corporate financial statements
Strong problem solving and critical thinking skills
Effective written and oral communication
Strong technical writing abilities
Ability to manage to pre-determined deadlines and effectively manage competing priorities
Understanding of collateral lien perfection for various collateral types
Prior experience using IBS Insight, Moody's Risk Analyst, Moody's CreditLens, Fidelity Information Services, Hyland Software OnBase and Metavante BankerInsight strongly preferred
C&I / CRE experience and CFP certification is a plus
Position Requirements
Bachelor's degree is required, preferably in a business related field
Minimum of 3-5 years commercial underwriting experience, preferably with CRE banking transactions
Must have knowledge of financial and tax accounting, general underwriting, and analytical skills as well as knowledge of credit risk principles
Salary Range: $80,000.00 - $125,000.00. Exact compensation may vary based on skills, experience, and location.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
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Responsibilities
Works with relationship managers to properly structure loan requests to meet bank's policy and desired risk appetite. In many cases, the individual will prepare pre-screen memorandums to pre-flight the request.
Contacts internal and occasionally external customers to gather information and/or clarify information previously received.
Analyzes corporate financials (tax returns, CPA Reviewed Financials, CPA Audits, SEC Filings) utilizing spreading software and other analytical tools to assess the company's cash flow, leverage and coverage ratios.
Analyzes personal tax returns and other personal financial data to assess the strength of any personal obligors or business owners.
Utilizes internal and external collateral evaluations to assess the secondary or tertiary source of repayment.
Prepares loan approval memorandums used by senior management in approving loan requests. The memorandum identifies key risks of a transaction and applicable mitigating factors. The memorandum concisely and substantively incorporates the analytical work in a way that can be easily digested by all parties.
Periodically reviews existing loan customers for annual reviews and covenant monitoring.
Works independently to efficiently service and support the department's internal and external customers.
Applicants may be asked to serve as subject matter experts for certain industries or loan types.
Assist Relationship Managers in determining level of interest for new credit opportunities and in structuring new credits to be submitted for approval.
Prepare the comprehensive Credit Memo on loan transactions, to be submitted for approval. Complete with appropriate supporting information including loan structure/pricing analysis, borrower history/experience assessment, historical and projected financial statements spreadsheets, tax return analysis, credit report review, collateral evaluation, and repayment/risk analysis.
Prepare Loan Agreement Compliance Report (LACR), Annual Review Report (ARR) and Monitored Loan Report (MLR) as necessary for existing credits, and interact with RMs to advise on trends or deficiencies in the borrower's/guarantor's financial condition.
Provide in-depth analysis of historical financial statements, cash flow and debt service requirements and business plans/projections.
C&I / CRE experience and CFP certification is a plus.
Competencies
Accuracy and attention to detail
Experience spreading and analyzing corporate financial statements
Strong problem solving and critical thinking skills
Effective written and oral communication
Strong technical writing abilities
Ability to manage to pre-determined deadlines and effectively manage competing priorities
Understanding of collateral lien perfection for various collateral types
Prior experience using IBS Insight, Moody's Risk Analyst, Moody's CreditLens, Fidelity Information Services, Hyland Software OnBase and Metavante BankerInsight strongly preferred
C&I / CRE experience and CFP certification is a plus
Position Requirements
Bachelor's degree is required, preferably in a business related field
Minimum of 3-5 years commercial underwriting experience, preferably with CRE banking transactions
Must have knowledge of financial and tax accounting, general underwriting, and analytical skills as well as knowledge of credit risk principles
Salary Range: $80,000.00 - $125,000.00. Exact compensation may vary based on skills, experience, and location.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
#J-18808-Ljbffr