As an Underwriter - Commercial Markets, reporting to the Market Director - Commercial Markets, you'll be accountable for providing underwriter support to your respective commercial banking team. Assistance may be required to support another commercial banking team on an as needed basis. Emphasis will be placed on underwriting and ensuring applications meet acceptable risk requirements in accordance with prudent lending practices and corporate lending policies, as well as regulatory and legislative requirements. Working closely with internal partners, the individual will understand, identify, and deliver auxiliary solutions that will help our members operate more efficiently, manage risks, support their employees, and ensure the financial fitness of the business and principals.

What You'll be Doing:

Credit:

Applying prudent risk management practices and adhering to policies and procedure established by the operations and credit team, the underwriter will complete a quantitative and qualitative analysis of applicable loan documents for new financing requests and reviews of existing relationships.

• Understand, analyze, and interpret standard business lending reports, including but not limited to: balance sheet, income statement, statement of cash flows, tax returns, personal financial statements, business plans, projections, rent rolls, appraisals, environmental, and building condition reports.
• Identify areas of risk and recommend mitigating solutions and next steps.
• Prepare and recommend risk ratings, appropriate collateral structures that are in-line with organizational policies.
• Ensure appropriate attachments are provided to Credit Path applications.
• Research, review, and analyze industry data, market studies, competitive information, management's ability, member's industry, member's competition, and regional impacts for this member.
• Review and recommend reporting, administrative, and financial covenants that mitigate and manage risk, while being appropriately set to fit the member's needs.
• Recommend loan structures and pricing structures that balance risk and return on capital.
• Meets the service level agreements for volumes, accuracy, and timeliness. Minimizes errors and rework situations.
• Act as a resource to Credit Analysts and Commercial Banking Advisors.
• Work with the organizations internal credit department to discuss and negotiate credit proposals and applications.
• Provides complete analysis of loan package for new deals, as well as reviews of existing relationships, utilizing the various underwriting methods as established by Credit Department.
• Determine financial and repayment analysis with a focus on cash flow, liquidity, leverage, debt service coverage including global DSC analytics to identify key risks and mitigating factors.
• Identify loan purpose, source of repayment, and collateral value.
• Understands and applies relevant credit policies to the underwriting process.
• Review Credit Facility Letters and prior loan applications to ensure compliance to credit approvals.
• Recommend loans for approval above approved lending limits to the required authority level.
• Discuss with RM, and SRM to structure and document credit and cash management arrangements with current and prospective members.
• Provide advice to internal members regarding the analysis, structuring and negotiation of commercial credit applications and related documentation.
• Work with RM, SRM and Market Director to ensure Annual Reviews for the team are completed in a timely manner and adhering to relevant policies and procedures.

Administration

• Investigates appropriate supporting documentation, such as: Land Title searches, Property Taxes/Assessments, PPR registrations, Corporate searches, Credit Bureaus, Insurance Policies, Appraisals, Partnership Agreements, Net Worth Statements, Court Judgements (if applicable).
• Maintain up-to date knowledge of organizational commercial lending products and services, policies, procedures, and documentation.
• Work collaboratively with internal partners to ensure all activities are in compliance with relevant legislation, regulations, policies and procedures to minimize member impact, errors, and omissions.

Member Experience

• This is a key role to ensuring a great member experience by supporting a business banking team.
• Meet Service Level Agreements that will support timely turnaround times and provide a great Member Experience.
• Working with internal partners, be able to understand, identify and deliver auxiliary solutions that will help the member operate more efficiently, manage risks, support their employees, and ensure the financial fitness of the business and principals.
• Be a resource to share awareness of changing economic/marketplace influences and applicable industry trends/data with members.

What you Bring:

5+ years' experience in related position; full knowledge of complex commercial and business loan underwriting, documentation preparation, funding, and applicable laws and regulations; relies on experience and judgement to plan and accomplish goals

5+ years' experience in analysis and underwriting

5 - 7+ years' experience in reviewing and understanding business and personal financial information and tax returns

A significant level of trust and diplomacy is required, in addition to normal courtesy and tact. Work involves extensive personal contact with others and/or can be of a personal or sensitive nature. Work may involve motivating or influencing others.

University degree in a business discipline or sufficient experience in lieu of education.

Why Servus?

Working for Servus has outstanding benefits. In addition to standard benefits like health and wellness, vacation and retirement savings programs, we also provide other important benefits such as:

• Competitive compensation including performance-based incentive pay and profit share
• Training & Development Opportunities
• Career Advancement Potential
• Flexible work options
• Meaningful work towards individual and corporate goals
• Opportunities to get involved and give back through an employee volunteer program

At Servus, our employees are also members. This means you'll have all the benefits of being a member of the credit union including profit sharing, voting for the board of directors, and all of the financial services we provide...with a few additional perks!

What happens next?

We thank all applicants for their interest. Please note applications will only be accepted online and only those applicants under consideration will be contacted.