Senior Commercial Loan Underwriter

2 weeks ago


Phoenix, Arizona, United States MRINetwork Jobs Full time
Job Overview

We are seeking a qualified Commercial Loan Underwriter to join our team at MRINetwork Jobs. The ideal candidate will be responsible for:

  • Assessing commercial credit applications.
  • Formulating and endorsing credit approvals.
  • Evaluating profitability, cash flow, credit histories, and financial ratios to ensure compliance with established criteria.
  • Verifying and appraising collateral.
  • Examining the competitive landscape and economic factors affecting borrowers, along with their overall business environment and management capabilities.
  • Determining the creditworthiness of borrowers and identifying potential risk factors, along with suggesting measures for risk reduction.
  • Drafting credit authorization memoranda (CAM) and providing recommendations for credit approval, including a detailed financial review and risk assessment.
  • Compiling reports on problematic loans and assessing the current financial condition of borrowers.
  • Supporting account managers in the oversight of loan portfolios.
Qualifications
  • A minimum of 3 years of experience in commercial and industrial (C&I) and commercial real estate (CRE) loan underwriting.
  • A bachelor's degree in business, finance, or a related field is preferred.
  • Comprehensive understanding of commercial credit products, processes, and principles.
  • Familiarity with business management tools, including financial statements, budgets, and inventory management.
  • Strong analytical skills to interpret financial documents and business reports.
  • Knowledge of relevant federal and state banking regulations.
  • Proficient mathematical skills, including the ability to work with ratios, percentages, and amortization calculations.
  • Demonstrated judgment and problem-solving abilities.

We appreciate your interest in this opportunity and look forward to your application.



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