COMMERCIAL UNDERWRITER II (Remote - AR, TN, AL, MS, and LA)
Title: Commercial Underwriter II
Department: Commercial Lending - Credit Department
Reports To: Vice President, Senior Credit Officer
Supervises: N/A
Job Classification: Full-time, Exempt
Location: Remote - AR, TN, AL, MS, and LA
The Opportunity
The Commercial Underwriter II is responsible for conducting a credit and financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Commercial Underwriter II will be responsible for some complex loans and analyses, consisting of LIHTC (Low Income Housing Tax Credit), Medium to Large Commercial Real Estate transactions and Commercial Industrial Loans. The Commercial Underwriter II will progressively review and underwrite New Market Tax Credits transactions. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.
Essential Job Functions
Collaborate with the loan officers and market leaders to discuss credit requests and develop strategies to identify and mitigate any potential risk.
Conduct initial review of the incoming loan packages by determining creditworthiness and compliance with the Credit Union's policy and the NCUA.
Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections and compare these elements to RMA when applicable.
Calculate appropriate financial ratios utilizing, but not limited to, the following methods UCA, Net Operating Income, EBITDA, and Global Debt Service.
Research and investigate applicable industry and market data/trends.
Coordinate and incorporate third party reports into the credit analysis when appropriate.
Review and determine viability of projections, when applicable, for the analysis.
Review and restructure deals as appropriate.
Prepare a credit memorandum for presentation to the Credit Committee, with final recommendation.
Participate in the periodic review of existing portfolio credits, as needed
Assist in the preparation of Loan Extensions/Modifications, as needed
Stay abreast of NCUA regulations, industry changes and the credit culture.
Perform general administrative duties such as attending meetings, report production, etc.
Assist with special projects as requested/assigned by manager
Required Qualifications
Bachelor's Degree in Finance or Accounting
3 or more years of experience in commercial credit analysis and underwriting
Proven expertise in credit and financial analysis, with strong verbal and written communication skills)
Proficient in navigating multiple computer systems and applications, with expertise in financial spreadsheets, document creating and/or editing
Preferred Qualifications
Experience in development finance is preferred
Experience with Moody's KMV Financial Analyst or Baker Hill / NextGen, or similar financial spreading software or applications
Competencies/Skills
Ability to read and interpret documents and write routine reports and correspondence
Ability to speak effectively before groups of customers and employees of the organization
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
Ability to compute rate, ratio and percent and interpret data.
Ability to deal with problems involving a few concrete variables in standardized situations.
Ability to evaluate creditworthiness from multiple structured and unstructured variables.
Ability to restructure loans as necessary.
Physical Demands
Employee is regularly required to sit, stand and walk
Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Comprehensive Benefits Package
Paid Vacation and Sick Time
11 Paid Holidays
401(k) with Company Match
Medical, Dental, and Vision Benefits
Flexible Spending Account (FSA)
Disability Benefits
Life Insurance, Critical Illness, Accident
Employee Assistance Program (EAP)
Tuition Reimbursement, Professional Development
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
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Department: Commercial Lending - Credit Department
Reports To: Vice President, Senior Credit Officer
Supervises: N/A
Job Classification: Full-time, Exempt
Location: Remote - AR, TN, AL, MS, and LA
The Opportunity
The Commercial Underwriter II is responsible for conducting a credit and financial analyses for new loan requests to evaluate safety and soundness while minimizing risk for the organization. Generally, the Commercial Underwriter II will be responsible for some complex loans and analyses, consisting of LIHTC (Low Income Housing Tax Credit), Medium to Large Commercial Real Estate transactions and Commercial Industrial Loans. The Commercial Underwriter II will progressively review and underwrite New Market Tax Credits transactions. The Underwriter may assist Portfolio Management and other areas of the Commercial Lending team as needed.
Essential Job Functions
Collaborate with the loan officers and market leaders to discuss credit requests and develop strategies to identify and mitigate any potential risk.
Conduct initial review of the incoming loan packages by determining creditworthiness and compliance with the Credit Union's policy and the NCUA.
Analyze applicant's business operations, historical cash flow, balance sheet and financial condition, management structure, collateral, projections and compare these elements to RMA when applicable.
Calculate appropriate financial ratios utilizing, but not limited to, the following methods UCA, Net Operating Income, EBITDA, and Global Debt Service.
Research and investigate applicable industry and market data/trends.
Coordinate and incorporate third party reports into the credit analysis when appropriate.
Review and determine viability of projections, when applicable, for the analysis.
Review and restructure deals as appropriate.
Prepare a credit memorandum for presentation to the Credit Committee, with final recommendation.
Participate in the periodic review of existing portfolio credits, as needed
Assist in the preparation of Loan Extensions/Modifications, as needed
Stay abreast of NCUA regulations, industry changes and the credit culture.
Perform general administrative duties such as attending meetings, report production, etc.
Assist with special projects as requested/assigned by manager
Required Qualifications
Bachelor's Degree in Finance or Accounting
3 or more years of experience in commercial credit analysis and underwriting
Proven expertise in credit and financial analysis, with strong verbal and written communication skills)
Proficient in navigating multiple computer systems and applications, with expertise in financial spreadsheets, document creating and/or editing
Preferred Qualifications
Experience in development finance is preferred
Experience with Moody's KMV Financial Analyst or Baker Hill / NextGen, or similar financial spreading software or applications
Competencies/Skills
Ability to read and interpret documents and write routine reports and correspondence
Ability to speak effectively before groups of customers and employees of the organization
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals
Ability to compute rate, ratio and percent and interpret data.
Ability to deal with problems involving a few concrete variables in standardized situations.
Ability to evaluate creditworthiness from multiple structured and unstructured variables.
Ability to restructure loans as necessary.
Physical Demands
Employee is regularly required to sit, stand and walk
Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions
Comprehensive Benefits Package
Paid Vacation and Sick Time
11 Paid Holidays
401(k) with Company Match
Medical, Dental, and Vision Benefits
Flexible Spending Account (FSA)
Disability Benefits
Life Insurance, Critical Illness, Accident
Employee Assistance Program (EAP)
Tuition Reimbursement, Professional Development
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
Apply Now