Purpose:The Commercial Loan Underwriter will evaluate the credit worthiness of clients and determine their ability to repay loans and lines of credit.
Salary Range $100k - $130K commensurate with experience (This is not a remote position)Essential Job Functions:- Perform financial, cashflow, and credit risk analysis of commercial loan requests
- Ability to create interpret and understand tax returns, financial statements, personal financial statements, accounts receivable aging schedules, rent rolls, etc.
- Ability to create Excel spreadsheets from the documents listed above.
- Interpret and understand appraisal reports, environmental reports, credit bureau reports, ACRIS, LexisNexis,4506-C, etc.
- Write thorough and concise loan memorata supporting recommended lending requests.
- Familiarity and adherence to the Bank's Lending Policy.
- Order investigative reports to assist with loan underwriting.
- Maintain shared system document portfolio in accordance with Bank standards.
- Identify potential credit problems and make recommendations to senior management.
- Interact professionally with team members, and other departments within the Bank such as retail branches, loan officers, Loan Administration/Operations, etc.
- Assist with other department tasks as needed.
Required Knowledge, Skills and Abilities:- Prior commercial loan underwriting experience at a commercial bank
- Experience and familiarity with commercial loan underwriting; CRE and C&I
- Ability to understand tax returns, financial statements, and other pertinent financial documents
- Ability to write thorough, yet concise, loan request memorata
- Excellent attention to details, and ability to adhere to established Bank lending policies
- Ability to communicate professionally and concisely with Bank attorneys and brokers.
- Fluent with Excel, Word, and Outlook applications
