What are the responsibilities and job description for the Underwriter IV position at Park Community Credit Union?
Role:
By emphasizing ONE Park, ONE Mission, One Team, the Underwriter IV provides advanced financial analysis and risk assessment for complex consumer, mortgage, HELOC, and commercial loan requests. This role involves reviewing financial statements, tax returns, appraisals, and loan documents to ensure compliance with credit union policies and governmental regulations. The Underwriter IV evaluates credit conditions, ensures timely credit renewals, monitors portfolio performance, and identifies risks. Additionally, this position provides training and expertise to underwriters and other business lines, produces reports for management, and supports projects aimed at improving lending efficiency and growth.
Essential Functions & Responsibilities:
- Provide accurate financial analysis and risk assessment of new and existing members. Review and analyze complex financial statements and tax returns submitted by current and prospective members while evaluating their ability to repay. Underwrite consumer loans, HELOCS, 1st & 2nd mortgage loans, and commercial loans. Review and evaluate information on loan documents to determine if buyer/owner, property, and loan conditions meet credit union and governmental standards as applicable to the loan type and request. Work with originators to determine and resolve situations where changes in structure may be necessary due to the member, market or industry changes. Evaluate members' lending needs and provide loan options, when applicable. Decision loan requests per credit union guidelines and within lending limits or forward the loan request to higher levels for further review and/or approval.
- Review members' financial needs and actively seek opportunities to cross-sell credit union products and services.
- Ensure that credit renewals are completed on a timely basis to avoid administrative past dues; ensure annual reviews are completed timely and that loans within the credit union's portfolio are properly risk graded. Monitor loan portfolio to identify deteriorating credit conditions and compliance with loan agreements. Perform periodic review of credit when more frequent monitoring may be appropriate.
- Produce and review reports for lending management as needed. Work with Credit Administration Manager and other lending managers on projects to support the improved efficiency and growth of the lending department. Provide training as needed to other underwriters on lending processes, procedures and guidelines. Provide support and expertise to all business lines of the credit union regarding lending matters.
- Maintain up to date knowledge of regulations, rules, policies and procedures that may affect business lending. Advise manager of any changes that may affect credit union processes to limit risk or losses.
- Review and decision loan applications that have been sent to the 2nd Looks group, which may include overriding a prior loan denial, when needed. Review and decision loan exceptions, within authority limits, that are outside normal policy guidelines.
- Perform other duties as assigned.
Performance Measurements:
1. To be an ambassador of Park's culture supporting the credit union's mission to build thriving communities together ensuring words and actions align with the Park VIBE that defines our Core Values:
- Vibrant Connections
- Inclusive Excellence
- Bold Compassion
- Endless Empowerment
2. To provide friendly, professional and accurate service and support to all members and coworkers.
3. To ensure that all approved loans comply with established commercial loan standards.
4. To help achieve departmental assigned loan volume (dollars and/or numbers)
5. To return all calls within 2 hours of receipt.
6. To cross sell credit union products and services.
7. To maintain knowledge of all business products and rates, both within the credit union and from the industry overall.
8. To follow the credit union’s Bank Secrecy Act and anti-money laundering policies and procedures, including running OFAC searches, completing investigative reports of suspicious activity and currency transaction reports timely and without error.
9. To maintain a professional work environment, promote teamwork, build respect among coworkers and present a businesslike appearance.
10. To follow all security policies and procedures and report discrepancies or suspicious activity to manager immediately.
Knowledge and Skills:
Experience: Five years to eight years of similar or related experience. Education (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).
Interpersonal Skills: Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
Other Skills: 1. Demonstrated knowledge of cash flow, credit, and collateral analysis. 2. Demonstrated ability to successfully structure complex credit requests that minimize risk while providing value to the member. 3. Thorough knowledge of Microsoft Word and Excel. 4. Thorough knowledge of financial statement and tax return analyzing software. 5. Excellent oral and written communication skills. 6. Ability to make sound transactional decisions to ensure policies and directives are met. 7. Ability to meet deadlines in a fast-paced production environment. 8. Ability to work independently and take ownership of personal performance and development.
Physical Requirements
WORK ENVIRONMENT: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this position. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions. While performing the essential duties of this position, the employee is regularly exposed to a general office environment and interaction with customers.
PHYSICAL DEMANDS: The physical demands described here are representative of those required to successfully perform the essential functions of this position, but do not necessarily constitute an exhaustive list of all essential functions. To the extent required by any applicable law, reasonable accommodations will be made to enable qualified individuals with disabilities to perform essential functions where this can be done without posing a direct threat to self or others. While performing the essential duties of this position, the employee frequently must sit, stand, and walk short distances. The employee frequently uses hands and fingers to count currency and handle, manipulate, and feel objects, documents, and office tools and equipment. Reads, writes, listens, speaks, and uses personal computers, copiers, telephones, and other office equipment and software throughout the work day. The employee is occasionally required to stoop, bend, squat, and reach overhead with hands and arms. Occasionally pushing and pulling of office furniture and other objects. The employee may occasionally lift and/or move up to 15 pounds and on occasion lift and/or move up to 25 pounds
PARK COMMUNITY CREDIT UNION IS AN EQUAL OPPORTUNITY EMPLOYER/VETERANS/DISABLED
