VP / Commercial Lending Underwriter

JOB SUMMARY

The Commercial Lending Underwriter participates in the loan management process by providing credit and loan underwriting expertise to the Commercial Banking team. Analyzes prospective loan transactions and credit worthiness of borrowers.  Prepares credit analysis and provides opinions and recommendations regarding proposed credit and potential risks.  Ensures all due diligence and background evaluation is complete and thorough before Credit Memorandum ("CM") is submitted.

Solutions are thorough, and require analysis, interpretation, and evaluation of financial statements, cash flow analysis, third party reporting, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.  May function as the primary credit contact for clients and interact effectively with all levels of bank personnel and outside contacts.

BASIC QUALIFICATIONS

• Minimum 5 years' experience in underwriting medium to large sized and moderately complex commercial credit required.
• Minimum 5 years of experience in a banking or financial services environment required.
• Bachelor's degree and/or Credit training is required.
• Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
• Communicates skillfully and effectively in both verbal/written forms.
• Good organizational skills.
• Ability to assume responsibility and accountability for decision making.
• Ability to work well independently to restructure loans and/or lines of credit as required.

RESPONSIBILITIES

• Reviews loan request application, financial information and third-party reporting (e.g., RE appraisal, Environmental reports, ABL Examinations, Inventory Appraisal, Tax Returns and pertinent Schedules, min 3-years of Financial Statements, debt schedule, real estate schedule, etc.)

• Spreads clients’ financial information using banks’ software models.  Evaluates and determines credit structure and terms; fully underwrites CRE and C&I loans consistent with bank format, policies and procedures.  Determines sources and uses of funds, analyze sources of repayment and exit strategy, evaluates risk grades, analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors.  Ensures CM contains a well-supported recommendation or decision.  The risk rating is correct and supported, and the data and analytics used to support the decision are accurate and calculated correctly.  Performs on-going portfolio monitoring functions.

• Attend client meetings at Credit Advisor’s or Credit Manager's request to facilitate delivery of credit product and/or assist in problem resolution.  Contacts borrowers directly, for additional information and details related to loan requests or clarification of financial materials and resources.

• Provides balanced and appropriate credit guidance to Credit Advisors and Credit Administration and collaborates in determining appropriate credit strategy.

• Provides credit alternatives’ ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Authors credit approval memorandums.

• Commercial Lending Underwriter has a primary role in early problem loan identification and the timely and accurate changes in loan grades.  Monitors and takes the initiative to respond to past dues based in partnership with Client Advisor.

• Maintains up-to-date knowledge on all bank lending policies and regulations.  Confers with the Credit Manager and appropriate bank personnel regarding new/existing lending requirements and regulations.

• May coordinate loan documentation including work with legal, Credit Administration, or other outside counsel to obtain the correct, accurate documents to ensure all loan are documented to fully protect the bank's interests in the credit relationship.  Reviews collateral, periodically to minimize credit exposure.

• Compliance with regulatory requirements including but not limited to regulations: Reg. B / Reg. C / CRA / Reg. E / Reg. G / Reg. J / Reg. M / Reg. O / Reg. P / Reg. S / Reg. U / Reg. V / Reg. Z / Reg. AA / Reg.BB / Reg. X. Strong commitment to follow OFAC, BSA/Patriot Act compliance.