What are the responsibilities and job description for the Credit Underwriter position at Cadence Bank?
Primary Purpose:
Primary duty is to analyze, underwrite and decision credit decisions submitted by various lines of business within the Bank. Credit Underwriter has a working knowledge of small business underwriting, cash flow analysis, financial spreading, loan structure, loan decisioning, along with an understanding of various types of collateral and collateral valuations. Performs guarantor analysis, collateral analysis, historical financial analysis, projections, stress testing, and repayment capacity analysis to provide an objective determination of the credit worthiness of Small Business transactions.
Principal Duties and Responsibilities:
- Obtains and analyzes pertinent financial and credit data to assist in determining the risk of the loan request(s).
- Completes financial and repayment analysis with a focus on cash flow, liquidity, leverage, and collateral coverage.
- Assesses strengths, weaknesses and mitigating factors of loan requests.
- Ensures the following standard operating procedures are met when preparing analysis, reports, and presentations for management review: accurate historical financial statements; prudently prepared projections; and represents a clear focus on the merits, risks, and mitigation accordingly.
- Thoroughly documents the credit request in the appropriate format.
- Conducts research to determine the quality, character, and soundness to include but is not limited to: the analysis of basic statistical data & financial statements, guarantor analysis, etc.
- Makes an informed credit decision (Approval, Counter, or Decline) based on the merits of the request.
- Prepares analysis, reports, and presentations for review and approval by Department Manager or Credit Officers.
- Works directly with the Relationship Mangers to review possible deals, deal structure, and collateral.
- Interacts with other departments within the bank as necessary such as Loan Operations, Treasury Management.
- Strives to minimize turnaround time while thoroughly documenting credit requests.
- Participate in training courses as requested.
Skills and Experience:
- Knowledge of credit risk analysis and underwriting principles, methods, and practices.
- Proficiency using Microsoft Office applications to include Word and Excel, as well as other database application systems. Strong Excel skills are a key component of this position.
- Strong written and oral communication skills required, demonstrated ability to make persuasive arguments preferred.
- Previous Underwriting/Loan Decisioning and/or Credit Analyst/Admin experience is required.
- SBA underwriting or related experience is preferred.
Education:
- Bachelor's Degree in Finance, Accounting or related discipline required.
Disclaimer:
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Education
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.
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, disability, veteran status, genetic information or any other status protected under applicable local, state or federal nondiscrimination laws.
