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Commercial Underwriting Program in Houston


Commercial Underwriting Program in Houston

Commercial Underwriting Program in Houston

Comerica Bank
Houston, TX 77056

Job details

Job Type

Full-time
Commercial Underwriter
Position Overview
The Commercial Banking Underwriting Program provides a structured learning opportunity for individuals (Underwriters) to learn and develop technical underwriting skills. Underwriters participate in an approximately 18 to 24-month training program, including orientation, formal underwriting training, and a formal mentorship with an Underwriting Officer. Underwriters complete evaluation and documentation of the loan requests for assigned Lines of Business (LOBs); own deal analyses and execute workflow according to established Service Level Agreements (SLAs). Underwriters assist in the on-going monitoring of the credit exposure for assigned relationships, including renewals, reaffirmations, and annual risk ratings.

Position Responsibilities:
Credit
  • Acquires technical skills through structured curriculum and apply knowledge and skills to on-the-job assignments.
  • 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 Administration.
  • Prepares list of questions and summary of outstanding issues when underwriting loan requests with Underwriting Officer or Manager guidance.
  • Prepares loan packages; writes Officer and/or Credit comments with assistance from Relationship Manager (RM) or Portfolio Manager (PM); and provides complete credit documentation of the loan application by utilizing loan approval documents and other various addendums as established by Credit Administration.
  • Applies appropriate loan structures; prepares collateral charts, cash flows, risk ratings, and other pertinent attachments.
  • Provides industry analysis, spreads financial statements, and identifies and analyzes inconsistencies and inaccuracies within the customer provided financial statements.
  • Evaluates strengths and weaknesses of the credit and escalate risks and other issues, where appropriate while assisting the RM/PM with contacting customers to obtain answers for loan analyses. These responsibilities are to be completed with Underwriting Officer or Manager guidance.
  • Meets the service level agreements for volumes, accuracy, and timeliness. Minimizes errors and reword situations.
  • Understands and applies relevant credit policies to the underwriting process.
  • If applicable, recommend effective loan covenants to monitor financial performance and regularly calculate covenant package to ensure compliance.
  • Accurately completes risk ratings.
Administration
  • Where applicable, monitors loan covenants and tracking in conjunction with the Credit support team for assigned relationships.
  • Shares responsibility with Credit Support Specialists for performing OFAC checks and identifying issues.
  • Investigates title searches, surveys, and Uniform Commercial Code (UCC) searches as requested by the Manager, Underwriting Officer, or RM/PM.
  • Comply with regulatory requirements; Complete and apply required credit, regulatory, system, and process training.
Process Sustainability
  • Adhere to department procedures for workload management and strives to meet or exceed SLA and when not feasible, communicates to the Manager and RM/PM.
  • Ensures appropriate loan approval document formats/attachments are used in accordance with approved process & procedures.
  • Other duties as assigned


Position Qualifications:

Minimum Qualifications
  • Bachelor's Degree
  • Two (2) Accounting courses (minimum 6 units)
  • 1 year of experience with Microsoft Office Applications (Microsoft Word, Excel, PowerPoint, Outlook)
Preferred Qualifications
  • Bachelor's Degree in Business, Economics, or similar degree field
  • Minimum of two Accounting courses (6 units)
  • Overall GPA of 3.0 and 3.0 GPA in two Accounting courses
  • 1 year of experience with Microsoft Office Applications (Microsoft Word, Excel, PowerPoint, Outlook)
  • Demonstrated leadership and strong verbal and written communication skills
2 Riverway
8:00am -5:00pm Monday - Friday work schedule will include Onsite and Remote days determined by the manager

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• Mobile: NA

• Location: NA

• Post ID: 21884838


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