What are the responsibilities and job description for the Commercial Underwriting Officer II position at Veritex Team?
Job Summary:
The Underwriting Officer is the heartbeat of our bank. These professionals help ensure we can service our customers with transparency and integrity. This professional is responsible for providing credit decision makers with the in-depth, independent risk analysis necessary for making informed credit decisions.
We’re looking for someone who wants to make a positive difference in the lives of those they work with and our client base. If you have a passion for the complex and rewarding world of commercial underwriting, we’d like to speak with you.
Responsibilities and Duties:
Underwrite the creditworthiness of prospective and existing borrowers, particularly in the larger dollar C&I and CRE credits to assist lenders and credit decision-makers in determining loan eligibility. Ensure appropriate credit underwriting, reliable risk assessment, and credit loss minimization consistent with credit policy and regulatory requirements.
Analyze financial statement including UCA cash flow.
Analyze guarantor, borrower’s repayment ability, the bank’s collateral position, and industry.
Prepare in-depth credit packages.
Ensure the portfolio administration and risk management of each client relationship follows established credit policy, procedure and business strategy as well as commercial and regulatory guidelines.
Suggest an asset quality rating based on relationship review. Compile an accurate relationship profitability analysis as directed by corporate policy.
Job Skills and Qualifications:
Bachelor's degree in related discipline or equivalent work experience.
Three to five years' experience in credit underwriting or related experience with a focus on C&I and CRE deals in the $3 million to $10 million plus range.
Completion of a formal credit training program is preferred.
Experience with syndicated transactions is preferred.
Experience underwriting moderate to complex credits.
Thorough knowledge of non-borrowing products.
Preferred experience related to the underwriting of loans using the SBA 7A, Express and 504 loan programs, as well as the USDA B&I programs.
Excellent analytical, time management, organizational and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
Excellent verbal, written and interpersonal communications a must.
Must be self-motivated and a self-starter with strong initiative, accountability and attention to detail.
Must be proficient with Microsoft applications including word and excel.
Must be familiar with spreading financials in a spreading software
