Commercial Underwriter II

Commercial Loan Underwriter

Under the direction of the manager, this position is responsible for underwriting, reviewing, analyzing, and understanding business financial performance as part of the commercial loan origination and underwriting process. It spreads, assembles, and accurately analyzes borrower financials. It generates analysis summaries that can be applied to loan underwriting. Effectively communicates findings to relevant parties.

Provides in-depth analysis and underwriting of business, commercial, and industrial loan applications. Provides in-depth analysis and review of existing commercial loans. Identifies needs of existing business membership and communicates future opportunities. Provides high quality and professional service to business members. Supports credit union departments and branches. Works with staff to improve operations. Ensures the accuracy of commercial loan applications submitted for committee approval.

Responsibilities

1. Maintaining the underwriting, analysis, and evaluation of commercial loan applications per credit union policy, procedure, and industry standards

a. Spreads financial information of new loan applications to provide sufficient understanding of the borrower's financial position, managerial strategy, and expected financial performance.

b. Analyzes financial statements and formulates questions about borrowers and guarantors to understand borrowing position and risk.

c. Tests presumed collateral value and performance utilizing the income capitalization and other relevant methods.

d. Provides brief written analysis for the preflight screening of all new loan originations. This includes but is not limited to the analysis of : management, financial statements, and collateral. Identifies key risk to repayment sources and provides mitigants.

e. Provides written analysis for the credit presentation to senior management, ALM, and those with credit approval authority.

f. Assists with opening new business accounts for new loans.

2. Supporting the management and monitoring of the commercial loan portfolio

a. Works with team to collect required financial reporting from existing borrowers.

b. Regularly reviews loan portfolio for potential delinquencies and upcoming maturing loans and works with commercial loan officer to resolve these in a timely manner.

c. Analyzes financial statements of existing borrowers to provide sufficient understanding of the borrower's current financial position, current financial performance, and strategic performance.

d. Measures borrower compliance with loan contract covenants.

e. Updates loan risk grades using the commercial loan grading risk model.

f. Compiles all the above information in a summary annual review of the findings, which is reported to management on an annual or quarterly basis.

3. Establishing and maintaining effective coordination and communication with credit union personnel and with management.

a. Assists all other employees in operational duties as needed. Informs departments and branches as needed.

b. Completes required reports, records, and other documentation.

c. Attends and participates in meetings and trainings as required.

d. Keeps management informed of area activities. Immediately reports any significant problems or concerns.

4. Other related duties as required or assigned.

a. Stays informed regarding local and national economic conditions. Monitors legal and regulatory changes.

b. Ensures proper maintenance, cleanliness, and security of work area. Ensures member confidentiality.

c. Accountable to review and respond to policy violations and document rejects in a timely manner.

d. Completes special projects and other duties as assigned.

Qualifications

Training / Education / Certification :

• Bachelor's Degree in Business or related field or equivalent combination of formal training and experience

Preferred Training / Education / Certification :

Required Knowledge :

Experience Required :

Preferred Experience :

Skills / Abilities :