Commercial Underwriter

Commercial Underwriter

When you choose a job at Andrews Federal Credit Union, you give yourself the opportunity to grow, advance and make a difference. Andrews Federal is a mission-driven financial institution that focuses on giving members the tools they need to reach their financial goals.

We are continually developing our team of dedicated employees who are ready to serve. To create and retain this elite workforce, we offer highly competitive compensation and benefits plans, including highly desirable features like:

• 12 Paid Holidays a Year, Including Your Birthday
• Retirement Plans – 401(k) with a 6% Match
• Childcare Stipend up to $2600 to assist Working Families
• Discount on Lending Products.
• Tuition Reimbursement and Career Development Programs and Opportunities
• Employee Assistance Program – 24/7 Support for Families
• Affordable Healthcare Plan including Medical, Dental, Vision, and Rx
• Employer paid Long Term Disability, Life Insurance, and AD&D
• Short-Term Disability
• Vacation Leave and Sick Leave
• Free Parking

And when you are part of Team Andrews, you have the opportunity to be part of something bigger, to support the financial goals and dreams of Andrews Federal members in the US, Europe and worldwide. Come be a part of our success story; and let us help you shape your career story!

Purpose of Position

If you enjoy analyzing information and paying close attention to detail, underwriting can be an excellent career choice. An underwriter must have demonstrable solid judgment and excellent communication and interpersonal skills to work with clients to develop innovative risk management strategies based on a client's unique risk profile.

The Commercial Underwriter will be responsible for underwriting business loans including but not limited to CRE, Business Auto, Business Credit Card, and Business LOC, SBA, and meeting with clients, performing collections calls and/or correspondence in a goal-oriented environment on delinquent borrowers. This is a permanent position, not a contract. This opportunity has a base salary and full benefits package. Limited travel.

Essential Duties

• Must be comfortable talking to members, spreading financials, and making credit recommendations for business loan approval, denial, or conditioned.
• Responsible for reviewing and analyzing business loans for the credit union. Identify, analyze, and evaluate loan risks and other compensating factors.
• Ensure the safety and soundness of credit union member business loan assets. Recommend business loan requests for approval, denial, or conditioned.
• Collaborating with clients to coordinate the accumulation of all information required to perform underwriting for new and annual reviews.
• Responsible for Credit File maintenance and credit offerings for loan review.
• Use independent judgment to mitigate risk and provide recommendations for credit structuring.
• Analyze credit strength and collateral strength and the financial worthiness of business loan prospects.
• Perform ongoing risk management on the commercial loan portfolio.
• Communicating regularly and effectively with borrowers that are seriously delinquent to identify and counsel them on the best workout options available.
• Reviewing loan files to ensure the completeness of the file and that all collateral is secured properly.
• Recommend workouts with all involved parties (borrowers, guarantors, SBA, participants, and leadership etc.)
• Preparing credit presentations/memos as appropriate related to portfolio clients including financial and collateral analysis.
• Recommending risk rating changes as appropriate.
• Providing customer service regarding collection and commercial lending issues.
• Researching delinquent accounts including documentation and file review and coordinate the optimum method to ensure receipt of payments.
• Resolving customer discrepancies and short payments.
• Ensuring through constant monitoring the potential accounts and making recommendations on loans that could become non-accruing and/or require specific reserve allocations through the impairment process.
• Ensuring all credit and collection policies, procedures, practices, and documentation meet federal and state regulations.
• Participate in site inspections and joint business development calls.
• Performing other duties or special projects as required or as assigned.

Required KSAs

• Bachelor's degree in business administration, Finance, Accounting, or related field.
• Knowledge of loan structuring, underwriting, documentation, credit, and credit risk management.
• One or more years of experience in a commercial lending environment.
• Experience in identifying documentation risks, addresses, and/or negotiating them to resolution as well as determining when to elevate risk situations to the appropriate individuals.
• Working knowledge of financial statements, and ability to identify trends and risks.
• Strong multi-tasking, time management, thoroughness, and accuracy skills required.
• Solid communication and organizational skills with focus on teamwork and cooperation.
• A high level of confidentiality is required.
• Ability to work under deadlines with frequent interruption.
• Ability to be dynamic, flexible, and enjoy the company of colleagues and business clients.

Physical Requirement

• Ability to sit at a desk and computer for extended periods.
• Ability to lift up to 20 pounds.
• Remote position with occasional visits to HQ.

Salary Range Annual Salary - $77,795.55 - $95,039.45

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.