Commercial Underwriter II

Job Summary

The Commercial Underwriter II is a key member of the Hope Credit Union team, responsible for conducting thorough credit and financial analyses to evaluate the safety and soundness of new loan requests. This role requires a high level of expertise in credit risk assessment, financial analysis, and loan underwriting.

Key Responsibilities

• Collaborate with loan officers and market leaders to discuss credit requests and develop strategies to identify and mitigate potential risks.
• Conduct initial reviews of incoming loan packages to determine creditworthiness and compliance with Hope Credit Union's policies and NCUA regulations.
• Analyze applicants' business operations, historical cash flow, balance sheets, and financial conditions, as well as management structures, collateral, and projections.
• Calculate appropriate financial ratios using methods such as UCA, Net Operating Income, EBITDA, and Global Debt Service.
• Research and investigate industry and market data trends to inform credit decisions.
• Coordinate and incorporate third-party reports into credit analyses as necessary.
• Review and determine the viability of projections for credit analysis.
• Prepare credit memoranda for presentation to the Credit Committee, including final recommendations.
• Participate in periodic reviews of existing portfolio credits as needed.
• Assist in the preparation of loan extensions and modifications as necessary.

Regulatory Compliance Requirements

• Comply with provisions of the Bank Secrecy Act (BSA).
• Comply with National Credit Union Administration's rules and regulations.
• Comply with Equal Credit Opportunity Act (Regulation B) provisions.
• Comply with Fair Credit Practice Rule provisions.
• Comply with Flood Disaster Protection Act provisions.
• Comply with National Flood Insurance Act provisions.
• Comply with Truth in Lending Act (Regulation Z) provisions.

Accountability for Business Results

• Commercial loan quality, including performance, minimal errors, and charge-offs.
• Commercial loan production, including the number and dollar amount of loans.

Competencies and Skills

• Strong computer skills, particularly with financial spreadsheets and word processing.
• Ability to read and interpret documents and write routine reports and correspondence.
• Ability to speak effectively before groups of customers and employees.
• Ability to add, subtract, multiply, and divide in all units of measure.
• Ability to compute rates, ratios, and percentages and interpret data.
• Ability to deal with problems involving a few concrete variables in standardized situations.
• Ability to evaluate creditworthiness from multiple structured and unstructured variables.
• Ability to restructure loans as necessary.

Desired Qualifications

• Bachelor's degree in Finance or Accounting preferred.
• Two to five years of experience in commercial credit analysis and underwriting.
• Experience in development finance preferred.
• Demonstrated strength in credit analysis, financial analysis, and communication skills.

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