Job Summary
This position will primarily be responsible for providing underwriting expertise on complex commercial credit requests that will typically be in excess of $1,000,000. In addition to an in-depth understanding of commercial underwriting, the position is expected to have a broad breadth of experience that includes a working familiarity with credit enhancement programs such as those offered by the SBA and USDA. Individuals applying for this position should possess advanced knowledge, skills and abilities on the principles, practices and procedures commonly used in business lending and credit analysis.
Duties and Responsibilities
• Ensure timely, efficient and accurate underwriting of new commercial loan requests, renewals, modifications, etc.
• Perform in-depth financial analysis (spreading and analyzing financial statements)
• Prepare comprehensive and well written Credit Memos that incorporate the '5 C's of Credit'.
• Work with Lenders to ensure loan requests are appropriately structured.
• Follow Loan Policy and underwriting guidelines and identify all exceptions and mitigating factors in the Credit Memo.
• Look outside the specifics of the credit request for local, regional, national and/or international economic trends or events that could impact the borrower's business.
• Review supporting documents including but not limited to, UCC searches, title policies, appraisals, lease agreements, trust agreements, insurance policies, etc., to ensure the accuracy of the Credit Memo.
• Accurately assign a risk rating to each loan in the Credit Memo.
• Attend Loan Committee meetings
• Assist the Credit Manager;
- Prepare weekly, monthly and quarterly management reports.
- Assign and manage the credit team's work-in-process (credit pipeline).
- Prepare accurate Loan Committee minutes
- Ensure Credit memos are updated to reflect loan committee changes.
Education/Experience
• To perform this job successfully, an individual should have 5+ years of commercial underwriting experience.
• Four-year degree from an accredited University or equivalent industry training or experience related to business lending.
Software Skills
• To perform this job successfully, an individual should be adept with spreadsheet and word processing software as well as have experience working in a digital office environment that utilizes database management systems and/or loan origination software to communicate with the core operating system.
Perks
• Full benefit package - details at https://incrediblebank.mybenefitsapp.com/
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