Commercial Loan Underwriter

Commercial Loan UnderwriterFormed in 1934, Telhio began as a credit union for Columbus Telephone Company (now AT&T) employees. Telhio now serves over 70,000 member-owners throughout central and southwest Ohio. As one of the largest credit unions in Ohio, Telhio is a strong financial institution that continues to serve its members through extraordinary service, innovative financial solutions and community involvement. After generations of service and growth, we never lose focus of our three core values - Caring, Commitment, and Integrity.Position Summary: The Commercial Loan Underwriter evaluates the credit worthiness of businesses and determines their ability to repay loans and lines of credit, including those used to purchase equipment, real estate and other goods. Their responsibilities include developing financial profiles and investigating credit histories. The Commercial Loan Underwriter will also conduct a cash flow analysis determining how much cash and liquid assets a business has on hand with how much it owes. This position also prepares the loan material for presentation to the Business Loan Committee.Responsibilities:Review and interpret commercial loan requests, including financial statements, tax returns, credit reports, trust agreements, operating agreements, and other pertinent dataConduct capitalization rate analyses and other collateral valuation methods to determine loan exposureAssess borrower prepared pro-forma financial statements and compare to industry standardsPrepares financial spreads and assess borrower's ability to repay by evaluating financial metrics including UCA cash flow analysisParticipating in site visits with Relationship Managers as needed to support the underwriting functionPrepare comprehensive Credit Approval Memos detailing risk factors, compliance with lending policies, and recommendations for approval, denial, or revisionUtilizes loan approval authority up to $1MMAssess the risk and issues credit recommendation of all treasury applications including remote deposit capture and ACH servicesPresent Credit Approval Memos to Commercial Loan Committee when applicableMaintain a thorough understanding of Telhio underwriting guidelines, procedures, and policy to ensure loan applications are appropriately structured and credit worthyProactively recommend changes to Underwriting guidelines and procedures to team's supervisorEnsure adherence and compliance to federal and state regulations including SBA SOPEvaluate economic trends and conduct market analyses to evaluate the viability of businessesAll other tasks as needed to support the business lineQualifications:Bachelor's degree Finance, Accounting, Business, Economics, Business/Administration, Management, Statistics. (Required)2-5 years business Loan Underwriting experience (Required)Ability to read and understand bank, financial statement and tax return documentsStrong math and analytical skillsGood decision-making skillsEffective communication skills (oral and written)Must be able to pass a background check including: Credit, Drug Screen, Bondability, & Criminal BackgroundWhat you will earn:Competitive paySeveral medical plan options, dental, free vision, free life and free disability insuranceAdditional incentive programs for employees enrolled in our insurance6% matching and immediately vested 401(k) plan100% paid paternity leave10 paid holidays and generous paid time off plan for a healthy work-life balanceOpportunity for personal career growth, continued education and mentorship programsVolunteer opportunities impacting the local communityPhysical Demands:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, you will need to have good manual dexterity as well as speaking and hearing ability. This position requires sitting; some reaching; frequent standing and walking; some stooping or kneeling. The employee must occasionally lift and move up to 50 pounds. It is expected that the employee will read, compile, compute and record numerical and statistical data. This is a Non-Collective Bargaining Unit. Telhio is an Equal Opportunity Employer.