Lead Business Loan Underwriter Remote NIH Federal Credit Union Rockville, MD
Job title: Lead Business Loan Underwriter - Remote
Company: NIH Federal Credit Union
Job description: Description:
We are looking for more than just an employee, we are looking for a true team member dedicated to enhancing the member experience! Come join the credit union movement and Discover Banking With Heart at NIHFCU!
Be a part of our team where commitment to members with exceptional service and banking solutions that enhances their lives is our mission. If helping people and making a difference appeals to you, this is the place for you!
At NIHFCU, one of our core values is investing in our employees, which is why we offer perks like these:
Benefit Package for all Full time employees includes health, dental, vision, Life insurance benefits
401(K) and profit sharing
Tuition Reimbursement
Career Advancement and development
Credit Union Membership with discounted services and products.
GENERAL SUMMARY
The Lead Business Loan Underwriter will have a strong focus on commercial Conventional and Government-Guaranteed Loans (such as SBA 7(a), SBA 504, and SBA Express) for the purposes of real estate, equipment, business acquisition, and working capital. The Lead Business Loan Underwriter is responsible for maintaining their Department and assisting Business Lending from Origination to Servicing.
MAJOR DUTIES AND RESPONSIBILITIES
Extract financial from various forms of personal and business financial documentation and non-financial data from various information systems to determine appropriate depth and format of analysis.
Evaluate Borrower and Guarantor's financial capacity, experience, and qualifications for the proposed loan request.
Underwrite and analyze financial statements and federal tax returns, including cash flows, business ratios, and performance to develop assessment of strengths and weaknesses pertaining to a Borrower's past and proforma operation.
Perform collateral analysis as needed to ascertain proper alignment with internal credit policies.
Collect and maintain industry data, research industry-specific information from external sources, including conversations with the Borrowers, industry publications, credit agencies, and market analysts. Must be able to interpret compiled data and provide recommendation for program and portfolio enhancements.
Prepare complex commercial credit analysis in proper format, context, and program (i.e. Conventional, SBA 7(a), SBA 504, or SBA Express) involving a full complete narrative, financial analysis, S&W analysis, and recommendation in the form of a submission presentation to Senior Management.
Establishes and maintains credit files for each relationship. Ensures that Member's credit analysis information, such as loan documentation, financial statements, tax information, credit history from trade references, and correspondence, comply with naming protocols and placement when incorporated in the credit file.
Provide constant and consistent feedback to Business Lending Team Members involved in the processing, closing, funding, and/or servicing of loans.
Perform annual loan reviews of existing business relationships to monitor compliance with loan conditions and NIHFCU Member Business Lending Policy; ensuring compliance with loan covenants. The annual loan review includes evaluation and support for necessary risk rating adjustments.
Effectively communicate the underwriting and analysis progress to Senior Management and the Team Members to ensure commercial loan requests are being reviewed efficiently and any potential missing information is outlined and reported back to the Origination Officer. Members must receive timely and efficient decisions, and all approved transactions are expedited and successfully phased into the next process of the Business Lending Department.
Provides support to management in the development and implementation of special reports and/or special projects to maintain a sound commercial loan portfolio.
Requirements:
EDUCATION & EXPERIENCE
Bachelor's degree in business or related field, with minimum of ten (10) years' experience in commercial lending with minimum of five (5) of those years' experience specific to SBA lending.
Experience with a credit union background is desired.
Knowledge of laws, regulations and eligibility governing business lending practices across multiple programs.
Knowledge and proficiency of commercial financial analysis and ability to underwrite to NCUA and SBA guidelines/eligibility to provide sound loan recommendations.
Excellent communication, analytical, and interpersonal skills required.
Superior expertise with Microsoft Office, Excel, PowerPoint and other software.
NIHFCU is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race, color, religion, sex/gender, national origin, disability, age, or any other category protected by law.
PM18
PI189906402
Expected salary:
Location: Rockville, MD
Job date: Sun, 28 Aug 2022 07:21:15 GMT
Apply for the job now!
Apply Now
Company: NIH Federal Credit Union
Job description: Description:
We are looking for more than just an employee, we are looking for a true team member dedicated to enhancing the member experience! Come join the credit union movement and Discover Banking With Heart at NIHFCU!
Be a part of our team where commitment to members with exceptional service and banking solutions that enhances their lives is our mission. If helping people and making a difference appeals to you, this is the place for you!
At NIHFCU, one of our core values is investing in our employees, which is why we offer perks like these:
Benefit Package for all Full time employees includes health, dental, vision, Life insurance benefits
401(K) and profit sharing
Tuition Reimbursement
Career Advancement and development
Credit Union Membership with discounted services and products.
GENERAL SUMMARY
The Lead Business Loan Underwriter will have a strong focus on commercial Conventional and Government-Guaranteed Loans (such as SBA 7(a), SBA 504, and SBA Express) for the purposes of real estate, equipment, business acquisition, and working capital. The Lead Business Loan Underwriter is responsible for maintaining their Department and assisting Business Lending from Origination to Servicing.
MAJOR DUTIES AND RESPONSIBILITIES
Extract financial from various forms of personal and business financial documentation and non-financial data from various information systems to determine appropriate depth and format of analysis.
Evaluate Borrower and Guarantor's financial capacity, experience, and qualifications for the proposed loan request.
Underwrite and analyze financial statements and federal tax returns, including cash flows, business ratios, and performance to develop assessment of strengths and weaknesses pertaining to a Borrower's past and proforma operation.
Perform collateral analysis as needed to ascertain proper alignment with internal credit policies.
Collect and maintain industry data, research industry-specific information from external sources, including conversations with the Borrowers, industry publications, credit agencies, and market analysts. Must be able to interpret compiled data and provide recommendation for program and portfolio enhancements.
Prepare complex commercial credit analysis in proper format, context, and program (i.e. Conventional, SBA 7(a), SBA 504, or SBA Express) involving a full complete narrative, financial analysis, S&W analysis, and recommendation in the form of a submission presentation to Senior Management.
Establishes and maintains credit files for each relationship. Ensures that Member's credit analysis information, such as loan documentation, financial statements, tax information, credit history from trade references, and correspondence, comply with naming protocols and placement when incorporated in the credit file.
Provide constant and consistent feedback to Business Lending Team Members involved in the processing, closing, funding, and/or servicing of loans.
Perform annual loan reviews of existing business relationships to monitor compliance with loan conditions and NIHFCU Member Business Lending Policy; ensuring compliance with loan covenants. The annual loan review includes evaluation and support for necessary risk rating adjustments.
Effectively communicate the underwriting and analysis progress to Senior Management and the Team Members to ensure commercial loan requests are being reviewed efficiently and any potential missing information is outlined and reported back to the Origination Officer. Members must receive timely and efficient decisions, and all approved transactions are expedited and successfully phased into the next process of the Business Lending Department.
Provides support to management in the development and implementation of special reports and/or special projects to maintain a sound commercial loan portfolio.
Requirements:
EDUCATION & EXPERIENCE
Bachelor's degree in business or related field, with minimum of ten (10) years' experience in commercial lending with minimum of five (5) of those years' experience specific to SBA lending.
Experience with a credit union background is desired.
Knowledge of laws, regulations and eligibility governing business lending practices across multiple programs.
Knowledge and proficiency of commercial financial analysis and ability to underwrite to NCUA and SBA guidelines/eligibility to provide sound loan recommendations.
Excellent communication, analytical, and interpersonal skills required.
Superior expertise with Microsoft Office, Excel, PowerPoint and other software.
NIHFCU is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race, color, religion, sex/gender, national origin, disability, age, or any other category protected by law.
PM18
PI189906402
Expected salary:
Location: Rockville, MD
Job date: Sun, 28 Aug 2022 07:21:15 GMT
Apply for the job now!
Apply Now