Commercial Loan Underwriter (I, II or III DOE)
Candidates for this position will be required to sign an authorization for OneAZ to conduct a credit and criminal background check, pursuant to procedures in the Fair Credit Reporting Act and any other applicable laws.
All candidates will be considered for this position on an individualized basis, in compliance with all applicable equal employment opportunity laws.
SUMMARY: Maintains business member relations. Provides information on credit union business products and services to current and potential business members according to all credit union policies and procedures and both Federal and State rules and regulations. Performs analysis of financial statements, cash flows, and tax returns to evaluate the financial position of the borrower and/or guarantor(s). Maintains a thorough knowledge of credit union policy and operating procedures. Demonstrates the ability to liaison between multiple credit union departments. Operates within credit authority. Examines, evaluates, prepares Credit Requests and authorizes or recommends approval of member applications for business loans by performing the following duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
· Interviews members requesting refinance or loan re-write
· Gathers background information on members applying for business loans by interviewing applicants and obtaining needed financial exhibits. Assists members with the loan applications process as needed.
· Ensures that sound analysis and lending procedures are followed.
· Negotiates terms and conditions
· Acts in compliance with the credit union's Business Lending policies and procedures at all times.
· Ensures that all NCUA, ASBD, and credit union policies and procedures are followed.
· Cross-sells lending and other credit union products and services.
· Facilitates and reviews prepared loan documentation vs. requirements; assists borrower in loan closing.
· Review commercial loan applications and analyze credit information to make a general assessment of applicant’s creditworthiness. Determine whether or not the proposed loan will conform to the credit union’s lending policy.
· Prepare written summary of loan terms and conditions and a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with credit union policy and procedures and with applicable banking regulations.
· Review construction contracts, leases, appraisals, environmental assessment reports, UCC searches, flood determinations, insurance policies and other information to assess risks associated with the credit union’s collateral position. Continue to develop knowledge of appraisal theory and approaches to values.
· Prepare written summary of loan terms and conditions and a written narrative explaining business background, outlining risk factors and justifying assigned risk rating, ensuring conformity with credit union credit policy and procedures and with applicable banking regulations.
· For CRE loans, conduct in-depth review of rent rolls, leases, balance sheets, income statements and tax returns presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt.
· For C&I loans, conduct in-depth review of balance sheets, income statements, cash flow statements, tax returns, business plans and projections presented by applicants to assess their ability to generate income sufficient to repay existing and proposed debt.
· Interact with account officers to negotiate loan terms and follow up on information required to decision the application. May contact loan applicants (customers) and their representatives (CPA’s, CFO’s) to obtain clarification about information received from them. Respond to credit applications within the timeframe established by the department.
· Assists in training
· Performs other duties and special projects as needed
· Cross trains and backs-up others as needed
· Develop an understanding of Credit Union philosophy, organization, bylaws, and operational procedures and comply with the requirements of the Bank Secrecy Act, AML, OFAC and all other applicable State and Federal Financial Institution Regulations.
Education and/or Experience
Bachelor's degree, from four-year college or university, in finance or related field with 3-5 years' experience in commercial lending. Must have experience with cash flow analysis, ratio analysis and projections. Proven ability in commercial lending including lines of credit, term loans and commercial real estate lending.
2355 W. Pinnacle Peak Rd., Phoenix, AZ 85027 USA