Senior Commercial Underwriter

SUMMARY

Under the direction of the FVP Senior Credit Manager, the Senior Commercial Underwriter is responsible for providing financial, credit, and trend analysis for the delivery of the Credit Union's credit products and services to business clients and prospects. Keeps apprised of industry related, political, and regulatory issues to determine their impact on specific industries or clients. Structures and evaluates credit requests. Is responsible for determining the credit worthiness of borrowers and recommending credit decisions. Performs all duties in accordance with the Credit Union's policies and procedures, as well as all state and federal laws and regulations.

ESSENTIAL FUNCTIONS

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The following statements are intended to describe the general nature and level of work being performed by this position. It is not intended to be an exhaustive list of all functions, responsibilities, and skills required of this position. Other duties may be assigned to meet business needs.

Performs independent credit analysis and risk assessment of new and existing credit requests. Including, but not limited to, preparing analysis of financial statements for businesses from quality of earnings reports, financial projections, and audited statements.

Should be very well-versed in modeling income statements, balance sheets and cash flow over multiple years and be able to perform a downside and break-even projection analysis with limited input.

Interfaces with other Credit Union employees to ensure loan applications are completed and identifies documents that are missing or that require verification and/or clarification.

Coordinates the ordering of reports and reviewing the same for acceptability, including but not limited to OFAC reports, flood certifications, title policies, and collateral information, which includes appraisal inquiries, UCC Searches, environmental due diligence and more.

Effectively performs credit analyses, evaluates applications and eligibility determination, and develops financial forecasts of various borrowing entities and key principals.

Follows CHCU loan policy and regulatory guidelines; structures and underwrites loans; and makes recommendations to the appropriate level of credit authority.

Evaluates risk and mitigating factors.

Analyzes data for identification of financial trends, transactions or events which would have a bearing on the future operations and financial health of the applicant.

Analyzes personal and corporate financial statements to create an accurate profile of the creditworthiness of the client.

Determines if applicant's financial position can support the proposed debt.

Keeps informed of changes in economic or market conditions that might affect credit risk.

Prepares comprehensive credit presentations for approval by the appropriate credit authority.

Seeks counsel from FVP Sr. Credit Manager when unusual underwriting situations occur.

Records loan approvals, counter offers, and loan denials as specified within Credit Union guidelines.

Ensures and coordinates the proper assembly of documents in loan files, including acceptances or denials in accordance with Credit Union guidelines.

Responsible for the ordering of loan documents.

Responsible for the review of loan documents prepared by the Business Services staff for accuracy and completion in accordance with the approved loan presentation and Credit Union guidelines.

Updates and maintains loan production log.

Performs annual reviews and financial analysis, as well as monitoring of loan covenants.

Identifies opportunities to refer members or potential members to other departments offering solutions to their financial planning, loan, or savings account needs.

Fully complies with all applicable laws and regulations as well as internal policies and procedures.

Maintains excellent inter-departmental relationships to ensure outstanding service to internal and external members.

Regularly attends and participates in in-house training.

Performs duties as assigned by management and may be assigned to work at any location.

QUALIFICATIONS

Education and Experience

Bachelor's degree in Business, Finance, or Accounting or equivalent combination of training and experience.

Four or more years business banking experience.

Three or more years business loan underwriting experience.

SBA loan underwriting experience highly desirable.

Experience with regulatory exam process, as well as responses to findings preferred.

Formal credit training preferred.

Knowledge

Credit Union products, services, programs, and promotions.

Proficient in MS Office.

Commercial lending best practices.

USDA and SBA loan programs and procedures.

Strong knowledge of credit, accounting, and financial analysis.

Thorough understanding of applicable regulations.

Knowledge of commercial credit analysis software desirable.

Other Skills and Abilities

Operates a variety of office equipment and machines.

Travels, attends, and participates in meetings, seminars, and conferences held before and after normal business hours that may require unaccompanied long-distance travel and overnight lodging.

Physical Requirements

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the essential functions of this job, the employee:

Occasionally

(up to 3 hours per workday)

Frequently

(3 - 6 hours per workday)

Regularly

(more than 6 hours per workday)

Sits

X

Stands

X

Walks

X

Bends neck or waist

X

Twists neck or waist

X

Stoops or kneels

X

Uses hands to finger, handle or grasp

X

Repetitively uses fingers

X

Reaches, pulls or pushes below shoulder level

X

Reaches, pulls or pushes above shoulder level

X

Lifts and carries

11 to 25 pounds

Up to 10 pounds

Talks

X

Hears

X

Sees

X

Drives a vehicle

X

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Working Condition:

The worker is not substantially exposed to adverse environmental conditions.

Mobility

Moderate

Noise Level

Moderate

AFFIRMATIVE ACTION/EEO STATEMENT:

CoastHills is an Equal Opportunity/Affirmative Action employer. We will consider all qualified applicants for employment without regard to race, color, religion, ancestry, gender, pregnancy, sex, sexual orientation, transitioning status, gender identity, gender expression, national origin, age, genetic information, military and veteran status, marital status, medical condition, mental disability, physical disability, or any other basis protected by local, state, or federal law.

For our EEO Policy Statement, please click here. If you'd like more information on your EEO rights under the law, please click here.