What are the responsibilities and job description for the Senior Commercial Underwriter position at The Cavco Family of Companies?
Job Description
The Senior Commercial Underwriter plays a key role in assessing and managing risks associated with business lines of credit. Your expertise will be instrumental in making informed credit decisions for floorplan lines, floorplan buyouts and other commercial lending, including real estate and revolving lines of credit. Responsible for facets of commercial credit packages, including clear communication of risks and any recommended mitigation strategies, consulting with Legal to protect interests, maintenance of UCC filings, and review of loan documentation prior to funding.
- Underwrite commercial loan requests for new and existing relationships
- Conduct comprehensive analysis of loan applications, including analyzing financial statements, tax returns, credit reports, bank statements and other relevant documentation to assess creditworthiness
- Cash flow analysis and pro forma forecasting and scaling
- Full understanding of business entity legal ownership structure and clear, concise explanation of those structures; ensure appropriate security (guarantees, collateralization) are recommended per both the risk profile and ownership structure
- Exercise credit authority to make informed decisions or direct package decisioning to the appropriate authority level; present and communicate package details as required by that authority level, including recommendation
- Ownership of UCC filing process, ensuring legal security matches that defined in the credit package
- Work closely with relationship managers, clients, and other stakeholders to gather necessary information to provide insights into credit decisions
- Maintain a customer focus throughout the underwriting process; no shortcuts, but be aware of timing and relevance of requests of dealers to the final product
- Develop comprehensive legal contract packages for commercial loans encompassing all pertinent terms, conditions, and legal requirements
- Final review of loan documentation and audit prior to loan funding
- Monitor and review existing loan portfolios, conduct periodic reviews, and recommend appropriate actions to mitigate risk and ensure portfolio quality
- Ad hoc projects as needed
- Superior analytical skills
- Excellent verbal and written communication skills
- Outstanding organizational and project management skills to balance portfolio management and deal execution responsibilities
- Demonstrated interpersonal skills to collaborate with teammates, plants, senior management, and clients
- Strong work ethic with an ability to meet deadlines while multi-tasking
- Recognized leadership capabilities and executive presentation skills
- Ability to identify and resolve problems in a timely manner
- Strong understanding of financial analysis, risk assessment, and credit decision-making process
- Strong attention to detail and accuracy
- Ability to work effectively in a team environment
Requirements
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time. Local candidates only - relocation not available.
Disclaimer : The above statements are intended to describe the general nature and level of work being performed by associates assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
Cavco Industries and CountryPlace Mortgage are committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or any other protected status with respect to recruitment, hiring, promotion and other terms and conditions of employment.
