Commercial Loan Underwriter III
This position will provide support to all commercial lending teams within the organization and will assist with monitoring and servicing its new and existing credit relationships, to include all commercial loan types and products. Provide expertise in underwriting, structuring, servicing and documenting new and renewal credits. Responsible for identifying, gathering and analyzing relevant information to assess credit risk, establish viability of sources of repayment and determine appropriate loan structures. Review and analyze the creditworthiness of all commercial loan originations, prepare written credit memorandums for presentation and approval, loan covenant monitoring, risk rating, stress testing and audit preparation. Must maintain a thorough knowledge of credit union policy, operating procedures and acts in compliance of both Federal and State rules and regulations.
This position will also support the Director of Commercial Loan Fulfillment in the overseeing of the Commercial Underwriting Team, acting as a ‘team leader’ and will provide development opportunities, training and guidance as needed to ensure that safety and soundness of the organization is preserved.
DUTIES AND RESPONSIBILITIES:
Assists in the workflow management of the Commercial Loan Underwriting Team and will provide efficiency recommendations
Conducts training and development opportunities for credit analysts and underwriters
Reviews work performed by credit analysts and underwriters, providing feedback and guidance to maintain consistency across the team
Acts as control point in the loan approval process to ensure adherence to credit union procedures, credit policies and loan covenants
Monitors the existing commercial loan portfolio and provides collection efforts on delinquent accounts
Provides support with audits and credit examinations of the commercial loan portfolio
Individually decisions loans within designated lending authority and provides recommendations on credit requests that are outside of the individual lending authority limit
Performs oversight of the underwriting and decisioning of small business and business credit card loans processed by underwriters
Assists in the oversight of the workout loan portfolio and completes quarterly monitoring reports
Responsible for monitoring directly or indirectly assigned loan portfolio, which includes but is not limited to performing periodic reviews, determining appropriate risk ratings, ensuring all loans are in compliance with loan agreement covenants, and completing underwriting tasks for modifications and extensions of loan terms
Provides training opportunities to small business subject matter experts within the organization
Underwrites all commercial loan types, to include but not limited to organic originations, participation purchased loans, and government guaranteed loans (i.e. SBA)
Analyzes the financial condition and creditworthiness of businesses and individuals
Evaluates the quality and sufficiency of the collateral and sources of repayment
Assesses credit structure and provides recommendations of risk ratings on new loan requests and requests for modifications and extensions of existing loan terms
Partners with business banking officers to obtain all necessary financial and other documentation to underwrite a loan and move it through the approval process
Contacts internal/external members and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information
Prepares written credit request memorandums in a timely manner of loan terms and conditions on varying loan types and amounts, explaining business background, outlining risk factors, stress testing, and justifying assigned risk rating to ensure conformity with credit union policy and procedures and participate in presentations to the approving authorities
Maintains a strong and positive working relationship with internal business partners to assist in negotiating loan terms and follow up on information required to provide a decision on an application
Individually or by providing assistance to the business banking officer, ensure all loan requirements have been met prior to loan closing
Provides post-funding analytical and monitoring support of credit relationships and portfolio maintenance
Identifies and/or confirms all external regulatory requirements and ensures all internal policies/procedures are followed
Reviews leases, rent rolls, construction contracts, appraisals, environmental assessment reports, UCC searches, flood determinations, insurance policies and other information to assess risks associated with credit unions collateral position
Perform periodic reviews of existing credits and support management of the assigned portfolio to identify and minimize risk to the credit union
Provides quality member service
Performs other duties and special projects as assigned
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or experience:
Bachelor's degree from four-year college or university, in finance or related field with 5+ years’ experience in commercial lending. Must have experience with cash flow analysis, ratio analysis and projections. Proven ability in commercial lending including, but not limited to, term loans, commercial real estate, and lines of credit.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, members, and the general public.
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
To perform this job successfully, an individual should have knowledge of Spreadsheet and Word Processing software. Familiarity with host system, and a high level of financial statement and tax return specialty software competency is also required.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to stand; walk and talk or hear. The employee is frequently required to sit and use hands to finger, handle, or feel. The employee is occasionally required to reach with hands and arms. Specific vision abilities required by this job include close vision.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.
2355 W. Pinnacle Peak Rd., Phoenix, AZ 85027 USA