Underwriter - Risk Governance

Job Description

Job Description

Supervisory Responsibilities: This individual will assist in training less experienced analysts on occasion and will organize department projects when necessary.

Job Summary: An Underwriter III will prepare written loan analyses for new and existing loans for commercial relationships ranging from $1,000,000 up to the institution's legal lending limit. He or she will also monitor existing loans through financial reviews and covenant testing. Underwriter III will be expected to have knowledge and experience with moderately complex commercial loans. His or her experience may be concentrated in CRE or C&I, but he or she should have significant experience with loan relationships larger than $5 million.

Essential Duties and Responsibilities:

Underwriters should display independent thought to present data, conclusions and recommendations taking into account the boundaries of regulations, policies, and guidelines.

Collect and analyze financial information about borrowers regarding income, assets, and debts to determine the level of credit that is appropriate for complex commercial loan relationships.

Prepare 10-50 page written presentations for new commercial loans and renewals. Presentations include identification of strengths and weaknesses, an appropriate risk grade and recommendation regarding the loan decision. Approval will come from the appropriate credit approval authority depending on the size of relationship.

Conduct reviews of covenant compliance and periodic financial statements identifying appropriate response from the institution.

Will need to interact with lenders (and customers on occasion) to evaluate credit worthiness of new customers and potential deterioration of existing borrowers.

Participation in meetings with commercial banking leadership regarding commercial loans.

Think independently to present data, conclusions and recommendations when there may not be a predefined policy or procedure.

Take ownership for the institution's commercial loan portfolio to prevent maturity delinquency, payment delinquency, collateral shortfalls, and/or loan charge-offs.

Knowledge, Skills, and Abilities:

Adept at time management to meet strict deadlines and respond to high urgency requests from Management and/or Loan Officers.

Ability to think critically and express conclusions in writing and verbally.

Aptitude for quantitative analysis working with numerous variables, spreadsheets with large amounts of data, identifying/summarizing patterns and trends.

Must be a quick study for new tasks, procedures, software/technology as well as conceptual philosophy behind a diverse set of tasks related to risk management of commercial loans.

Strong organizational skill sets.

Strong attention to detail.

Working knowledge of Microsoft Office and financial worksheets/spreadsheets.

Some travel required.

Job Specifications/Skill Requirements:

Must possess working knowledge of underwriting principles for moderately complex Commercial Real Estate Loans as well as some forms of specialty lending such as Land Acquisition and Development Lending, Contractor Lending, Hotel Lending, Senior Housing Lending, Municipal Lending, or Non-Profit Lending.

Bachelor's Degree with significant accomplishment in finance and accounting or commensurate experience and training in credit analysis for commercial loans.

Minimum of 5 years of commercial lending experience with an emphasis on credit and risk management.

Prior completion of formal credit training either through ABA, RMA, or formal internal bank training program.