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
