What are the responsibilities and job description for the Commercial Underwriter position at Boulo Solutions?
IN-OFFICE | FULL-TIME
Boulo is recruiting an experienced Commercial Loan Officer for our client, a boutique, community bank with branches in Alabama and Georgia. The ideal candidate has considerable experience underwriting CNI and CRE loans between $3-$10 million in value and has considerable potential for career growth and advancement.
Employment Type: Full-time
Compensation: $90,000 - $100,000 salary plus 6% bonus
Benefits: Health, dental, STD, LTD and 401K with match
The Commercial Loan Underwriter provides extensive analytical underwriting support for the making of credit decisions at an advanced to a high level of complexity with deals ranging from $3-10 million in value. The Commercial Underwriter usually works independently and requires little guidance from the Commercial Underwriting Manager in performing his or her duties.
Key Responsibilities:
- Underwrite loan requests with values over $8 million and, as needed, those between $3 million and $8 million.
- Analyze financial statements and provide recommendations on the risk grade of loans, looking at factors like debt service coverage, liquidity, and leverage.
- Write credit memos that include loan summaries, business/project history, repayment sources, risk analysis, and financial trends.
- Support Loan Officers with structuring loans and assist in sales proposals.
- Participate in loan committee meetings and provide input on loan requests.
- Stay familiar with customer and market trends, and evaluate loan renewals to assess risks.
- Ensure all tasks are compliant with bank policies and regulations.
- Get involved in community activities to represent the bank.
- Provide guidance or training to less experienced Commercial Underwriters when needed.
Requirements:
- Bachelor’s degree in Business, Finance, Accounting, or a related field. Banking school training is a plus.
- 5 years of experience in credit analysis or underwriting, particularly for CNI and CRE loans over $3 million.
- Strong knowledge of underwriting techniques, banking regulations, and financial analysis.
- Excellent communication, organizational, and time management skills.
Key Relationships:
- Works with internal teams such as the CRO, Commercial Underwriting Manager, Senior Credit Officers, and Loan Officers.
- May interact with loan customers alongside Loan Officers or Market Presidents.
Salary : $90,000 - $100,000
