Commercial Underwriter II

4 weeks ago


Raleigh North Carolina, United States First Citizens Bank Full time
Overview:
The Commercial Underwriter II supports the Homeowners Association (HOA) lending team through underwriting, analysis, and structuring recommendations for the HOA lending. Identifies, gathers, and reviews financial information to determine borrower risk and appropriate loan structuring. Provides service and support for internal associates and participating in customer calls to gain a clear understanding of the Association's borrowing needs.

 

This role will be remote and the candidate can be located any where in the US. 

This role could be a Senior Underwriter role based on the candidates skill set. 

Responsibilities:
Job Responsibilities:

Underwriting - Underwrites HOA loans according to applicable regulations, procedures, and guidelines. Reviews financial statements, communicates with clients or prospects, and performs analysis to recommend borrower risk and appropriate loan structuring. Ensures all involved parties are updated on underwriting progress and outcome. May provide guidance to less experienced underwriters through knowledge of underwriting procedures and information needs.

Analysis - Sources, compiles, and interprets financial data to support structuring and approval of loans. Reviews industry information and comparisons, key risks and mitigants, and collateral to form a basis for the approval or denial of the requested credit.

Risk Management - Identifies risks through reviews, analysis, and research of new and existing HOA credit requests and relationships, facilitating ongoing risk identification and management.

Business Support - May assist in identifying cross-sales opportunities for new and existing relationships based on analysis activities. Identifies servicing information and prepares credit analysis documentation. Partners with associates and clients to determine needs and structuring of new requests, renewals, and modifications, participating in client and prospect calls as needed.

The base pay for this position is relative to your experience but the range is generally $90,525 to $102,595 per year. First Citizens offers a competitive, comprehensive benefits program which you can review here: .

Qualifications:
Basic Qualifications:

Bachelor's Degree and 4 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

OR

High School Diploma or GED and 8 years of experience in Commercial Lending or Credit Analysis, financial statement spreading, preparation of projections, and trailing twelve month analysis.

Preferred Qualifications:

2-4 years of experience in HOA lending. 

Experience with reviewing nonprofit and HOA financial statements. 



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