What are the responsibilities and job description for the Commercial Loan Underwriter position at Impact Solutions Inc?
Our company is not typical we are better. We are an innovative, fun-loving, highly-engaged group of professionals that are committed to our company and the communities they do business in.
Over 90% of our employees say we are a great workplace that is focused on their mission, vision and the future of banking.
We Offer
- Competitive medical, dental, and free vision benefits
- Competitive compensation plan
- Contributions towards gym memberships
- Generous PTO and banking holidays off
- Flexible work schedule -Ability to work 2-3 days/week from home.
Job Title: Commercial Loan Underwriter
Location: United States-IL-Chicago
Overview:
The Commercial Loan Underwriter will analyze both investor-owned and owner-occupied commercial properties across asset types. Responsible to author detailed new loan opportunity memorandums, performing annual reviews, and assemble analytical reports as requested by management. Present portfolio management updates and new transactions to various committees. Interact with team members to validate and verify the accuracy of various deal aspects. Meet deadlines have a customer service mindset and serve as an expert to understand policies and standards.
Responsibilities:
- Analyze new loan opportunities, focusing on both fully depicting the property’s strengths and weaknesses and the financial health of the transaction’s sponsors as determined by reviewing and reconciling credit reports, tax returns, financial data, market data, and appraisals
- Present findings to loan committees based on comprehensive underwriting in compliance with commercial loan policies and standards and credit risk parameters
- Ensure timely completion of annual reviews and other assessment reports and present recommendations to loan committees
- Provide Risk Rating adjustment recommendations due to covenant violations, changing economic and market conditions, collateral conditions and guarantor conditions
- Make process and policy change recommendations to departmental leadership
Qualifications:
Education
- Bachelor’s Degree in Business, Finance, Accounting or Related – Preferred
Experience
- 5 years - Investment banking, commercial real estate or related – Minimum
- 3 years - Commercial Underwriting - Minimum
- Knowledge of credit analysis, lending, and loan and appraisal review
Compensation & Benefits:
Additional Compensation: Annual performance bonus
Benefits: We provide a top notch benefit package including health care, vision, dental, and 401k with employer match.
Additional Benefits:
- Work from home up to 3 days a week
- Paid parental leave
- Employee discount programs
- Time off including paid personal and sick days
- 11 paid holidays
- Education reimbursement
Salary : $85,000 - $123,000
