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| Job Category : | Business |
| Company Name: | Partnership Employment |
| Position Name: | Commercial Underwriter |
| Location : | Remote |
| Job Description : | Company looking to hire Commercial Underwriter for growing team.Essential FunctionsPerform an impartial credit analysis and credit memos on commercial mortgages, lines of credit, term and equipment loans providing recommendations to Executive Loan Committee.Provide a complete review of all credit requests prior to submission to department AVP. This includes a detailed analysis of the commercial entity and its owners/guarantors. Prepare a detailed written analysis on new credit requests and annual reviews focusing on the Company’s financial position, cash flow, historical background, contingent exposures, outlook, market/industry, risks/mitigating factors as well as management assessment and guarantor strength. Comprehensive understanding of Global Cash Flow and forecasting, as well as collateral (commercial real estate appraisals, accounts receivable, inventory, and equipment).Recommend risk ratings and pricing for each approved credit application. Spread borrower’s financial statements or tax returns into a standard spreadsheet form to provide support of the financial analysis of the borrower.Provide credit support to relationship managers, management, members and prospective members while maintaining extraordinary service standards.Responsible for the timely evaluation of annual reviews and the satisfactory resolution of credit deficiencies, such as collateral exceptions and covenant violations.Responsible for underwriting review of all credit approval memos prior to submission to department AVP and Credit Committee. Assure that all loans are closed within expected time frame. As well as correspondence with Credit Union counsel in coordinating closing transactions. Assist in general pipeline management and correspondence with participation credit union.Assist in the development and maintenance of appropriate portfolio management reports to track loan outstanding, committed balances, UCC filings, risk ratings, annual reviews, loan covenants, portfolio composition of lending products and industry exposure.Job Type: Full-timePay: $90,000.00 – $125,000.00 per yearBenefits:Dental insuranceHealth insuranceLife insurancePaid time offParental leaveVision insurancePhysical Setting:OfficeSchedule:Monday to FridayWork Location: Remote |
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