Job at a glance
We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written! If you are interested and qualified for this role, we invite you to apply.The Commercial Underwriter II is expected to build proficiency in underwriting, developing the ability to complete the underwriting process from beginning to end with limited oversight.
As the associate progresses in learning objectives, they will begin to underwrite increasingly complex commercial relationships to determine the creditworthiness of applicants within bank credit policies and guidelines. This role involves financial statement analysis, risk assessment and strategic decision making with guidance from the Associate Credit Officer and experienced underwriters. The position requires intermediate knowledge of underwriting principles and strong decision making skills.Essential Functions/ResponsibilitiesPerforms financial analysis and risk assessment for the commercial credit portfolio Within the Business Banking , Commercial & Industrial, Commercial Real Estate, or Specialty Commercial (Asset Based, Structured Cash Flow and ESOP) business lines of the Bank.
Focus on new business and larger and/or more complex renewal transactions.Reviews commercial loan applications and analyzes credit information on commercial applicants to make a general assessment of applicant's creditworthiness. Determines whether or not the proposed loan will conform to the Bank's lending policy. Provide feedback to the Sales and Credit teams, as appropriate, regarding the structure, underwriting, and management of loans.
Maintain on-going communication with all appropriate management on the status of transactions.Work directly with relationship managers and portfolio managers during underwriting process, including discussion with clients on credit and financial statement questions.Financial statement spreads and covenant testing for existing clients not assigned to credit portfolio analyst.Complete accurate Credit Memos for presentation to the appropriate credit authorities for decision-making on new loan credit requests, renewals, loan modifications, and periods credit reviews.
Provide commentary within the credit memo as to underwriter support of such credit request or review.Assist in the management of workflow and assigned creditsAttend local/ regional meetingsMinimum Knowledge, Skills, and Abilities Needed to Perform Essential Functions of the JobBachelor's Degree, preferably in Accounting, Finance, Economics, Business AdministrationThree to five years of credit or Business Banking underwriting experienceProficiency in mathematical concepts, in order to apply to practical situations.Knowledge of advanced accounting principles and techniquesStrong interpersonal and communication skillsStrong organizational skills with attention to detail, planning and follow-upAbility to work independently on multiple tasks without compromising qualityProficient use of Microsoft Office and other internet resourcesTeam orientedPreferred Knowledge and SkillsMaster's Degree in BusinessLevel of Complexity and ScopeManages a broad range of commercial loan applications across various industries and risk factors.
The complexity is heightened by the need to understand intricate business operations, financial health, and industry-specific riskDegree of Independence and Decision-MakingModerate to high level of independence compared to entry-level positions. They are expected to make decisions on underwriting commercial loan applications, assess risk, and underwriting decisions with a certain level of autonomy.Required Supervisory ResponsibilitiesNo direct supervisory responsibilities.Physical RequirementsProlonged periods of deskwork.Frequent use of computer, keyboard, phone and office equipment.Occasional moving within the office or to other locations within the building.Occasionally lifting and carrying light objects, typically up to 10-15 pounds.O