Commercial Loan Underwriter

7 days ago

Lake Mary, Florida, United States Addition Financial Full time

Job Type

Full-time

Description

We are Addition Financial - A member-owned, not-for-profit financial cooperative, offering comprehensive financial solutions that help members achieve their financial goals. Shareholder profits don't drive us and never have. Since 1937, we've been on a mission to bring financial success and education to everyone and make a positive impact in the lives of our members and the communities we serve. And we want your help to make that happen. We're looking for people who not only want to do meaningful, challenging work, but who also have a heart for service. If this sounds like you, keep reading and we'll dive into the specifics

Who We're Looking For - We are seeking an experienced Commercial Lending Underwriter to become part of our team You will evaluate new loan requests, perform in-depth due diligence, outline potential credit risks and recommend approval for commercial loans. A successful candidate will also have the interest and ability to help built out underwriting procedures, create templates, make policy recommendations and work as an integral member of a large team.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Perform underwriting and due diligence functions related to new commercial loan requests in accordance with the lender's credit policies and prudent lending practices and guidelines.
  • Works directly with business development officers and borrowers to correctly assess credit worthiness.
  • Evaluate complex financial information to determine potential customer's financial stability, debt repayment ability and collateral coverage by reviewing trends relative to industry standards, assessing recent financial performance and estimating potential risk based on cash flow analysis.
  • Ability to draft clear and complete credit memorandums for compliance with prudent lending standards.
  • Analyze borrower credit quality and collateral quality, etc. as expected from scopes of work.
  • Obtain missing files and/or missing documentation as needed.
  • Identify risks (and mitigants) to cash flows, collateral and management ability.
  • Review appraisal, environmental and other reports to include synopsis in credit memo.
  • Maintain appropriate internal and external customer expectations of excellent service, responsiveness and follow-up.
  • Exercise independent judgment in the performance of risk assessment/analysis and underwriting
  • Other duties as assigned
Requirements

Bachelor's degree in Business Administration, Finance, Accounting or other equivalent experience.
  • Five to ten years' experience as an Underwriter of all types of commercial based loans; at least 3 years with an emphasis on SBA underwriting.
  • Knowledge of all federal and state regulations regarding sound lending policies and practices.
  • Intermediate to advanced understanding and knowledge of SBA eligibility, SBA SOP, and guidelines
  • High-level skills in assessing quality of SBA loans.
  • Sound judgment, strong interpersonal and technical skills and a professional demeanor.
  • Ability to work independently and manage multiple tasks / assignments on time without direct supervision.
  • Ability to work in a fast-paced, dynamic environment, learn new concepts and understand the impact of changing technology on workflow processes.
  • Ability to work with cross functional groups throughout all levels within the organization and participate in the problem-solving process.
  • Ability to identify and mitigate credit risks
  • Ability to analyze and interpret financial statements, business reports and legal document.
  • Proven excellence in written and oral communications.
  • Ability to prioritize work and perform under limited supervision.
  • Working knowledge of Windows, Microsoft Word, Excel and Outlook.
  • Strong prioritization and organization skills.
Working With Us:

We're continually recognized as a top employer because we understand people like you want more out of your career. Like making a difference in people's lives and in the community. Being part of a team that supports each other. Feeling good about the time you spend at work each day. And being able to balance your life while also earning a competitive base salary and benefits, including:
  • 401k with profit sharing contribution
  • Comprehensive medical, dental and vision coverage from leading insurance providers
  • Continuing education and up to $5,000 in tuition assistance annually
  • Generous vacation and sick pay
  • Paid parental leave and volunteer time off
  • Major holidays off including Federal holidays that many other industries don't observe
  • Credit union benefits including reduced consumer/mortgage loan rates, free checks, and other financial services discounts
At Addition Financial, we accept you for who you are. We are an equal opportunity employer and do not discriminate based on race, color, creed, religion, national origin, sex, marital status, age, or disability/handicap with regards to recruitment, selection, placement, promotion, wages, benefits, and any other areas of employment. Personal perspectives and beliefs are what helps our team members, and our company, grow as a whole and we seek to nurture that inclusiveness. We welcome our team member's diverse viewpoints and work together so that everyone's voices are heard. So, if you're ready to take your career to the next level, Count Us In.

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