Commercial Credit Underwriter

3 weeks ago

Scottsdale, Arizona, United States Alerus Financial Full time
Position Summary:
The Commercial Credit Underwriter is accountable for underwriting and monitoring a portfolio of small business and business banking level commercial and industrial (C&I) loans ranging in size from $1,000,000 to $15,000,000. Assigned portfolio may also include Owner Occupied and/or small investor Commercial Real Estate loans. Will partner with Relationship Managers to propose and negotiate lending solutions on new opportunities and underwrite credit risk. Responsible for determining the credit worthiness of borrowers and/or sponsors and recommending credit decisions. Monitors assigned portfolio credit relationships for covenant compliance, collateral monitoring, and credit deterioration, as applicable. Keeps apprised of industry related issues to analyze and determine their impact on specific industries, clients, or Alerus C&I portfolios. Performs all duties in accordance with policies, procedures, and regulatory requirements.

Essential Responsibilities:
Job Function 1: Propose Lending Solutions and Underwrite Credit Risk - 60%
Supports the loan decision-making process by providing quality, in-depth credit analysis for small business and business banking level commercial and industrial (C&I) as well as owner occupied and/or small commercial real estate loans.Develops solid understanding of customer financial needs and project feasibility. Works collaboratively with RM and/or RCO to develop a plan of action for loan structure, monitoring, and servicing of loan relationship.Performs financial analysis including forecasting and sensitivity analysis to assist in determining borrower capacity to repay debt.Writes competent credit narratives and performs risk assessments of products, policy, structure, terms, and customer/sponsor financial strength with moderate guidance/feedback.Independently grades all credits in accordance with Bank's credit classification system.Satisfactory financial and accounting background. Familiar with applicable regulatory requirements.Attend Loan Committee and support Relationship Managers in addressing questions on submitted requests.
Job Function 2: Portfolio Monitoring and Management - 35%
Work with Relationship Managers and Commercial Banking Associates to obtain relationship monitoring information necessary to perform quarterly trend analysis, annual reviews, and/or monitor covenant compliance.Complete quarterly/annual reviews and renewals within required timeframes.Responsible for ongoing proactive identification and monitoring of risk ratings for borrowers.Develop and retain necessary industry knowledge.Ensures compliance with all applicable regulations, policies, and procedures. Completes required bank training courses on time.Maintains relationships with clients in conjunction with Relationship Managers and may make joint customer calls with RM to assess client needs, business, and management team.
Job Function 3: Alerus/Department Support and Teamwork - 5%
Participate in team meetings by asking questions, sharing knowledge, providing insight, contributions, and feedback.Be a resource for other Alerus team members.Participate in sales, pipeline, and production meetings as requested.Serve on specific project teams and perform other duties as assigned.
Position Requirements:
Qualifications:
Bachelor's degree or equivalent education, including upper-level courses in finance and accounting.1-3 years of experience in a previous commercial underwriter position.2 years of experience working with business banking commercial and Industrial and small commercial real estate loans.In-depth knowledge of straightforward to medium complexity loan documentation, banking laws, and regulations preferred, but not required.
Personal Characteristics:

Satisfactory problem-solving ability.Developing professional customer service skills.Developing strong written and oral communication skills.Basic negotiation and strong interpersonal relationship skills.Self-starter with established ability to work effectively with minimal-moderate day-to-day supervision.Self-assured.Developing to solid analytical skills.Team player.
Physical Demands - Must be met with or without a reasonable accommodation:
Spend extended periods of time sitting at a desk and using office equipment.Extended time is spent reviewing documents, both actual paper or electronic records.Ability to operate a personal computer/laptop for approximately eight hours per day.The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl. Vision abilities required by this job include close vision.Periodically, may also do light lifting of supplies and materials which weigh approximately 20 lbs.Will spend most of time in an indoor environment.
Alerus Financial is an Equal Opportunity Employer of women, minorities, protected veterans and individuals with disabilities.

  • Underwriting Consultant(Commercial Construction)

    1 week ago

    Scottsdale, Arizona, United States CNA Financial Corp. Full time

    You have a clear vision of where your career can go. And we have the leadership to help you get there. At CNA, we strive to create a culture in which people know they matter and are part of something important, ensuring the abilities of all employees are used to their fullest potential.CNA has an excellent opportunity for an experienced production...

  • Associate Underwriter

    1 week ago

    Scottsdale, Arizona, United States IAT Insurance Group Full time

    IAT Insurance Group has an opportunity for an Underwriter to join our Contract Binding team to achieve profitable growth within the company's risk profile while maintaining an acceptable loss ratio with our delegated authority wholesale agents. The title of the role offered will reflect the selected candidate's experience and knowledge. We will consider...

  • Underwriting Technician

    1 week ago

    Scottsdale, Arizona, United States AmTrust Financial Services, Inc. Full time

    Overview:Responsible for providing E&S (P&C) binding underwriters with information necessary to make sound underwriting decisions. (i.e., customer service and administrative support affecting underwriters and agents from initial submission through policy issuance for both new and renewal business). Provides support within established performance standards...

  • Underwriting Analyst

    2 months ago

    Scottsdale, Arizona, United States Berkshire Hathaway GUARD Insurance Company Full time

    Overview Berkshire Hathaway GUARD Insurance Companies is looking to hire an Underwriting Associate (Entry Level) to evaluate risks for Workers' Compensation, Businessowners', Commercial Auto, and Umbrella policies for small businesses. We are looking to fill the position in our Corporate office in Scottsdale, AZ. Berkshire Hathaway GUARD offers a...

  • Underwriting Analyst

    3 weeks ago

    Scottsdale, Arizona, United States Berkshire Hathaway GUARD Insurance Company Full time

    Overview Berkshire Hathaway GUARD Insurance Companies is looking to hire an Underwriting Associate (Entry Level) to evaluate risks for Workers' Compensation, Businessowners', Commercial Auto, and Umbrella policies for small businesses. We are looking to fill the position in our Corporate office in Scottsdale, AZ. Berkshire Hathaway GUARD offers a...

  • Senior Excess Casualty Underwriter

    4 weeks ago

    Scottsdale, Arizona, United States Zurich Insurance Company Ltd. Full time

    Zurich E&S is currently hiring a Senior Excess Casualty Underwriter to support the growth and advancement of the Western Zone territory from Scottsdale or Phoenix, AZ As a member of Zurich's underwriting team, you will enjoy the opportunity to apply and hone your underwriting and marketing skills while building relationships with our wholesale Preferred...

  • Senior Excess Casualty Underwriter

    3 weeks ago

    Scottsdale, Arizona, United States Zurich Insurance Company Ltd. Full time

    Zurich E&S is currently hiring a Senior Excess Casualty Underwriter to support the growth and advancement of the Western Zone territory from Scottsdale or Phoenix, AZ As a member of Zurich's underwriting team, you will enjoy the opportunity to apply and hone your underwriting and marketing skills while building relationships with our wholesale Preferred...

  • Director, Commercial Lines

    1 week ago

    Scottsdale, Arizona, United States Kramer-Wilson Co of Delaware Inc Full time

    EOE STATEMENTWe are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.DESCRIPTIONSeeking a Director, Commercial LinesResponsibilities Develops and...

  • Risk and Insurance Manager

    1 week ago

    Scottsdale, Arizona, United States US Main Full time

    Job Title: Insurance Sales Agent - Experienced (5-10 years)COMMERCIAL EXPERIENCE NECESSARYJob Type: Full-Time 1099Reports to the Affiliate Agency PrincipalCompensation: Based on Existing Book of Business (Revenue NOT Premiums)Commission Structure35% New Business Commission 30% Renewal Commission 20% Referral commission 17.5% Spit commissionIntroduction: We...

  • Vice President, Broker

    1 week ago

    Scottsdale, Arizona, United States Page Mechanical Group Inc Full time

    About the job title and Company:NNN Pro offers an exciting opportunity to join their team as Vice President in the commercial real estate net lease investment sales division. With over 20 years of experience and a track record of over $30 billion in net leased real estate transactions, NNN Pro is a market leader with a nationwide...

  • Marketing Analyst

    1 month ago

    Scottsdale, Arizona, United States Marsh McLennan Agency Full time

    Position OverviewThe Marketing Analyst role designs and builds commercial insurance programs, structures, negotiates and analyzes coverage forms, and produces full proposal presentation documents for the client on all assigned new and renewal business. These functions are completed within established our marketing timelines.Principal Duties and...

  • Marketing Analyst

    3 weeks ago

    Scottsdale, Arizona, United States Marsh McLennan Agency Full time

    Position OverviewThe Marketing Analyst role designs and builds commercial insurance programs, structures, negotiates and analyzes coverage forms, and produces full proposal presentation documents for the client on all assigned new and renewal business. These functions are completed within established our marketing timelines.Principal Duties and...

  • Community Mortgage Bank Consultant

    3 weeks ago

    Scottsdale, Arizona, United States Wells Fargo Full time

    About this role:Wells Fargo is seeking a...In this role, you will: Sit within assigned bank branches and originate mortgage loans; collaborate with branch leadership, participate in branch huddles, mentor and coach employees to increase knowledge of mortgage products and processes; perform miscellaneous duties as needed and required Exercise some...

  • Construction Marketing Team Lead

    3 weeks ago

    Scottsdale, Arizona, United States Marsh McLennan Agency Full time

    Position OverviewThe Construction Marketing Team Lead position is assigned carrier partners in which you will grow and foster the business relationship and support the service team by conveying carrier updates to the department.Duties and Responsibilities Review and evaluate submission documents to develop and document a winning marketing strategy that meets...

  • Construction Marketing Team Lead

    1 month ago

    Scottsdale, Arizona, United States Marsh McLennan Agency Full time

    Position OverviewThe Construction Marketing Team Lead position is assigned carrier partners in which you will grow and foster the business relationship and support the service team by conveying carrier updates to the department.Duties and Responsibilities Review and evaluate submission documents to develop and document a winning marketing strategy that meets...

  • Premium Auditor

    1 week ago

    Scottsdale, Arizona, United States James River Group Full time

    Come grow with James River InsuranceJames River Insurance is an excess and surplus lines segment of James River Group Holdings, Ltd. and operates on an approved non-admitted basis in 50 states and Washington, DC. Since 2003, James River has provided thousands of commercial property and casualty customers with innovative and creative solutions for particular...

  • Inside Loan Originator

    1 week ago

    Scottsdale, Arizona, United States CrossCountry Mortgage Full time

    CrossCountry Mortgage (CCM) is one of the nation's top 3 retail mortgage lenders with more than 7,000 employees operating nearly 600 branches across all 50 states. We have been recognized nine times on the Inc. 5000 list of America's fastest-growing private businesses and have received countless awards for our standout culture. Through our dedication to...

  • Software Engineer

    1 week ago

    Scottsdale, Arizona, United States Sumitomo Mitsui Banking Corp Full time

    Join us on our mission to create a completely new, 100% digital bank that truly serves customers' best interests. We are a close-knit and fun-loving team of seasoned financial services professionals who came together for the challenge of building a bank from scratch - and we are committed to doing it all the right way (from technology infrastructure to...

  • IT Application Manager

    1 week ago

    Scottsdale, Arizona, United States Sumitomo Mitsui Financial Group, Inc. Full time

    ABOUT THE ORGANIZATION SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals. The anticipated salary range for this role...

  • VP, Finance Sector

    3 weeks ago

    Scottsdale, Arizona, United States Standard Aero Full time

    Vice President, Finance (Military, Helicopters, & Energy)Build an Aviation Career You're Proud OfAt StandardAero, we use our ingenuity and know-how to find solutions for the simple to the most complex challenges in aviation. Together, we get the job done and done well. Our stability, resources, and respectful culture supports you in building a solid career...